Bowie Man Pleads Guilty to Wire Fraud
Michael Abobor, 38, pleaded guilty to wire fraud connected to a mortgage scheme that caused more than $2 million in losses.
A Bowie man pleaded guilty to wire fraud on Tuesday in connection with a mortgage fraud scheme that could have caused at least $2 million in losses to financial institutions. Michael Abobor, 38, submitted fraudulent loan applications while working as a licensed Realtor in the state of Maryland, using known false financial and employment information to purchase homes in the state, according to a statement released by the United States Attorney’s Office. Abobor also submitted falsified documents, including “doctored” W-2s and pay stubs alleging the the borrowers made more money than they actually did, so that the applicants would qualify for larger loans, according to his plea agreement. By using these falsified documents and applications, …
