Woman found guilty of fraud and money laundering
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A Sewickley woman whose high-six-figure real estate deals resulted in big losses for lenders was found guilty by a jury today of eight counts of wire fraud and one count of money laundering.
The verdict in the case of Denise Bonfilio, 55, comes after a one-month trial. U.S. District Judge Joy Flowers Conti has not yet set a date for sentencing.
Assistant U.S. Attorney James Y. Garrett prosecuted the case, which focused on loan applications Ms. Bonfilio and friend Deborah Kitay submitted on Sewickley-area homes. They borrowed ostensibly to fix the homes, but spend the money on themselves. Some of the loans ended in foreclosure.
Ms. Kitay, 54, of Leetsdale, is serving 18 months in prison for wire fraud and failure to file income tax returns.
First Published September 20, 2012 5:56 pm