Matthew Bevan Cox — who, along with an accomplice was dubbed “The Bonnie and Clyde of mortgage fraud” — has pleaded guilty to mortgage fraud charges in three states.

Cox, 37, faces up to 54 years in prison and $2 million in fines when he’s sentenced Aug. 22, prosecutors said, but is expected to receive a lesser sentence as part of a plea bargain arrangement.

Cox pleaded guilty Tuesday in federal district court in Atlanta to mortgage fraud, identity theft, passport fraud, and probation violation charges originating in Georgia, Tennessee and Florida.

Cox has agreed to pay an undetermined amount of restitution, and 41 counts against him in Georgia will be dropped under the plea agreement, the Associated Press reported.

Prosecutors said Cox and an accomplice, Rebecca Marie Hauck, stole the identities of property owners they rented from, erasing the mortgage liens on their homes, and obtained multiple loans on properties in Georgia, Florida, Alabama, South Carolina and North Carolina.

Cox used nearly 50 identities to steal more than $7 million in scams involving 125 properties, the Atlanta Journal-Constitution reported.

Hauck was convicted on charges of mortgage fraud conspiracy and bank fraud, and sentenced on Nov. 15 to five years and 10 months in federal prison. The sentence also required her to pay $1.2 million in restitution.

Cox was indicted in September 2005 by a federal grand jury on 42 counts of mortgage fraud, identity theft, money laundering and conspiracy. Prosecutors in Tennessee and Florida filed criminal charges this month charging conspiracy to commit mortgage fraud, aggravated identity theft and passport fraud.

Cox became a federal fugitive on Dec. 22, 2003, when he was charged with probation violations stemming from a 2002 mortgage fraud conviction in Tampa, Fla. He remained a fugitive until Nov. 16, when he was arrested by the United States Secret Service in Nashville, Tenn., following a nationwide manhunt.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription