Willingboro Deputy Mayor and Associate Accused in Mortgage Fraud Plot

Deputy Mayor of Willingboro Township, New Jersey, and Business Associate Charged in Mortgage Fraud Scheme

TRENTON, N.J. – In a significant development, the U.S. Attorney’s Office announced that Nathaniel Anderson, the deputy mayor of Willingboro Township in Burlington County, New Jersey, and his business associate Chrisone D. Anderson, are facing charges related to a fraudulent scheme to discharge the deputy mayor’s mortgage obligation on his property through a short sale. U.S. Attorney Philip R. Sellinger made the announcement, shedding light on the alleged conspiracy.

The charges against Nathaniel Anderson and Chrisone D. Anderson include one count of conspiracy to commit wire fraud affecting a financial institution, one count of bank fraud, and two counts of making false statements on a loan application. Additionally, Chrisone D. Anderson faces two additional charges of making false statements to a federal agent. Both defendants appeared before U.S. Magistrate Judge Tonianne J. Bongiovanni in Trenton federal court and were released on $50,000 each unsecured bond.

According to court documents and statements made in court, the conspiracy to defraud a government-sponsored enterprise and induce a mortgage lending business involved orchestrating a fraudulent short sale of a property in Willingboro from Nathaniel Anderson to Chrisone D. Anderson. As part of the scheme, mortgage documents containing materially false representations were executed. These false representations included claims that the short sale was an arm’s length transaction, that there was no prior business relationship between Chrisone D. Anderson and Nathaniel Anderson, that Nathaniel Anderson would not continue to reside in the property after the short sale, and that Chrisone D. Anderson would occupy it as her primary residence.

The fraudulent short sale resulted in the discharge of Nathaniel Anderson’s mortgage obligation, causing a loss of over $120,000 to the government-sponsored enterprise. Additionally, the victim lender issued a new mortgage on the property. During an interview in May 2022, Chrisone D. Anderson allegedly made false statements to an FBI agent regarding the short sale.

The charges against Nathaniel Anderson and Chrisone D. Anderson carry severe penalties. Each count of conspiracy to commit wire fraud affecting a financial institution, bank fraud, and making false statements on a loan application is punishable by a maximum potential sentence of 30 years in prison and a maximum fine of up to $1 million. The charges of making false statements to a federal agent carry a maximum potential penalty of five years in prison and a maximum fine of up to $250,000.

The FBI and the Federal Housing Finance Agency, Office of the Inspector General, played instrumental roles in the investigation leading to the charges, with Special Agent in Charge James E. Dennehy and Special Agent in Charge Robert Manchak overseeing the respective agencies. Assistant U.S. Attorney Alexander E. Ramey is representing the government in the case, working in conjunction with the Special Prosecutions Division in Newark.

It is important to note that the charges and allegations contained in the complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

For the defense, Nathaniel Anderson is represented by Daniel M. Rosenberg, Esq., from Mount Holly, New Jersey, while Chrisone D. Anderson is represented by Troy A. Archie, Esq., from Cinnaminson, New Jersey.

This development highlights the ongoing efforts by law enforcement agencies to combat fraudulent schemes that undermine the integrity of financial institutions and the mortgage lending industry. The charges against the deputy mayor and his business associate serve as a reminder of the serious consequences individuals face when engaging in fraudulent activities. The case will proceed through the legal system, and further updates will be provided as the investigation unfolds.

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