A Maryland loan processor has been charged with approving false loan applications and accepting bribes, and faces prison time and fines, according to a statement from the U.S. Attorney’s Office for the Western District of Pennsylvania.
Marcus Wiseman, 35, of Bethesda, Md., has been indicted by a federal grand jury in Pittsburgh, Pa., on charges of conspiracy, wire fraud and accepting bribes by an employee of a financial institution, according to a statement from the office of U.S. Attorney Mary Beth Buchanan.
While employed at two different financial institutions, Wiseman processed and approved loans for two other individuals when he knew that the loan applications contained false representations, according to the 10-count indictment. The indictment also alleges that Wiseman accepted payments from those two individuals related to the processing of these fraudulent loans.
Wiseman could face up to 275 years in prison, a fine of $9.25 million or both, according to Assistant U.S. Attorney Brendan T. Conway, who presented the case to the grand jury.
The Federal Bureau of Investigation conducted the investigation leading to the indictment in the case.