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by CareyBot

Three people accused of operating a multimillion-dollar mortgage-fraud scheme in Florida pleaded guilty to criminal charges Friday, the same day a federal grand jury indicted four others in the case, the Florida Herald Today reported. In a federal courtroom in Tampa, Fla., Todd A. Kolbe, Kirk McVey and Amy Samelson Kolbe – all of Sarasota County – each pleaded guilty to one count of conspiracy to commit mail and wire fraud, media reports said. Todd Kolbe also pleaded guilty to a bank fraud conspiracy charge in an unrelated case, reports said. The pleas were part of deals reached with prosecutors, according to the Herald Today. Each count carries a possible sentence of five years in prison and/or a $250,000 fine, although prosecutors agreed to recommend sentences at the low ...