BURLINGTON, Vt. (AP) - The Vermont office of the United States attorney says a couple from New York state has been convicted of mortgage fraud.
Prosecutors say Thomas Komasa, 47, and his wife Heidi, 39, of Saugerties, N.Y., were convicted Wednesday by a jury.
Thomas Komasa was convicted of 10 counts of fraud. Heidi Komasa was convicted of eight counts of fraud and acquitted on one.
Prosecutors say that between 2004 and 2006, the Komasas made false statements and documents to obtain mortgage loans to buy and refinance five parcels of residential real estate in Chittenden County with plans of reselling them.
They obtained more than $2 million in loans for which they were unqualified.
They sold one property, but four others were foreclosed upon.
The couple will be sentenced at a later date.
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