A former NASA employee and her husband were indicted by a federal court in Texas for coordinating a fraudulent financing and refinancing mortgage loan scheme.
According to the charges brought against them, Noreen Khan was still working at NASA when she and her husband, Christopher Mayberry, allegedly took out significant personal loans in 2016 to fund the purchase of their luxury home. However, they quickly defaulted on those loans and sought to eliminate and dispute the debts by falsely claiming to be victims of identity theft. Khan allegedly filed a fraudulent police report, submitted a false report to the Federal Trade Commission and sent letters to the credit bureaus so the loans would be removed from her credit.
As part of the scheme, the couple allegedly signed three separate loan agreements with mortgage lenders related to the financing of their home from 2017 to 2021. In these applications, they provided false employment information and fake documents which included pay stubs, tax forms and account statements to lenders, according to the charges.
According to the indictment, both are charged with one count of conspiracy to make false statements to mortgage loan businesses. 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.
