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Upper St. Clair mortgage broker pleads guilty in loan scheme
Friday, September 21, 2007

An Upper St. Clair woman who was running her own mortgage brokerage pleaded guilty yesterday to conspiracy and money laundering.

Tiffany L. Sprouts, 27, admitted to falsifying mortgage documents and using straw purchasers to buy at least six properties.

According to criminal information filed against her, Ms. Sprouts, who opened Sprouts Mortgage LLC four years ago, was working with an unnamed co-conspirator.

The two would falsify loan applications and income tax returns, as well as appraisals and verifications of employment.

Once they obtained the loans, they would use that money to buy additional properties.

In all, the loans totaled more than $2.4 million. She will be sentenced Dec. 13.

First published on September 21, 2007 at 12:20 am
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