Michigan AG charges Fulton woman in mortgage fraud scheme - CBS46 News

Michigan AG charges Fulton woman in mortgage fraud scheme

Posted: Updated:
Lorraine Brown Lorraine Brown

Lorraine Brown, 51, of Alpharetta, surrendered to Michigan authorities in Kent County to face charges for her role in a vast "robo-signing" scheme first exposed by "60 Minutes" last year.

According to the office of Michigan Attorney General Bill Schuette, Brown waived her right to a preliminary hearing and was released on a $5,000 personal recognizance bond.  

Schuette said Brown, who was president of DocX of Alpharetta, required her staff to sign bank officials' names on mortgage documents to speed up the process and make more money for her company.

Schuette said DocX employees forged signatures on more than a 1,000 documents filed in courts in Michigan.

If convicted of the charge of racketeering, Brown could be sentenced to 20 years in prison.  

The alleged "robo-signing" scheme was exposed by 60 Minutes in an April 2011 broadcast.

Brown pleaded guilty earlier this month to related charges in Missouri and in U.S. District Court in Florida. 

No law enforcement official in Georgia has filed charges against Brown.

In an interview in August, Georgia Attorney General Sam Olens said the case is outside his jurisdiction and should be up to local districts attorney to investigate.  

Copyright 2012 WGCL-TV (Meredith Corporation).  All rights reserved.