Las Vegas Sun

May 25, 2015

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Henderson couple charged with bank fraud in short sale

A Henderson couple could face up to 30 years in prison and a $1 million fine if convicted of bank fraud allegations in the short sale of their home.

Cynthia Hosbrook, 41, and her husband, Robert Hosbrook, 51, were indicted in U.S. District Court on Wednesday after authorities alleged they made false statements to Wells Fargo bank to obtain approval of the short sale on their house.

They were charged with one count of conspiracy to commit bank fraud and one count of bank fraud.

According to the indictment, the couple asked a relative to act as a straw buyer for the purchase of their home in the 2700 block of Mallard Landing in Henderson in March 2010. The couple then submitted paperwork to Wells Fargo indicating that the sale would be between unrelated parties.

The Hosbrooks also allegedly asked the straw buyer to sign paperwork indicating that the buyer would be living in the property, which was untrue.

The couple is scheduled for an initial hearing and arraignment on June 21 at 3 p.m.

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