'One-woman crime wave' convicted in foreclosure rescue scam

Tonya Raisbeck, 38, of Fennville, Mich., has been convicted of one count of felony racketeering for illegally operating an advanced-fee foreclosure rescue scam defrauding at least 85 west Michigan homeowners of thousands of dollars and causing some to lose their homes.

The conviction carries a potential sentence of 20 years.

“Raisbeck was a one-woman crime wave, defrauding at least 85 victims struggling to keep their homes during an economic downturn. We will request these victims be made eligible for payment from the newly created Victim Restitution Program, established with funds from the National Mortgage Settlement,” said Michigan Attorney General Bill Schuette.

Source: Real Estate Rama