Ex-Beauty Queen, Sandra Petgrave & Hubby Jailed In US For Mortgage Fraud
According to a statement published by the FBI,the couple were tried and indicted on fraud charges. Chukwuka was reportedly involved in fraudulent mortgage deals and property-flipping schemes that cost financial institutions over $5.8 million between 2006 and 2011.
“Chukwuka along with his co-defendants and co-conspirators, recruited straw buyers to purchase homes at a discounted price, typically a bank-owned or distressed property. The group then recruited a second straw buyer to purchase the same home at a dramatically inflated price. In turn, Chukwuka, his co-defendants and co-conspirators applied for an acquisition loan for the second straw buyer, supporting the loan application with false income, fake employment, and fraudulent net worth data,” part of the statement read.
This isn’t the first time the couple will be on the wrong side of the law. On August 2 2009, the ex-queen was charged with battery against her husband and spent two days in jail before being released on bail.
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