HOUSTON – A Missouri City couple has been indicted for orchestrating a fraudulent financing and refinancing mortgage loan scheme, the United States Department of Justice announced.
Noreen Khan-Mayberry, 50, and her husband, 51-year-old Christopher Mayberry, surrendered to federal authorities Wednesday morning.
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According to the indictment, both are charged with one count of conspiracy to make false statements to mortgage loan businesses.
Beginning in 2016 while Noreen was still employed at NASA, the couple allegedly took out significant personal loans to fund the purchase of their luxury home before quickly defaulting on those loans.
According to the charges, the couple reportedly attempted to eliminate and dispute the debts, claiming to be victims of identity theft. Khan filed a false police report, submitted it to the Federal Trade Commission and sent letters to the credit bureaus in order to have the loans removed from her credit, investigators said.
As part of the scheme, U.S. Attorney Alamdar S. Hamdani said the couple signed three separate loan agreements with mortgage lenders related to the financing of their home from 2017 to 2021.
As part of the loan application process, the couple allegedly provided false employment information and fake documents, which included pay stubs, tax forms and account statements to lenders, according to the charges.
If convicted, they face up to five years in federal prison and a possible $250,000 maximum fine in addition to the possible forfeiture of their luxury home.