In the following press release Mary Beth Buchanan, United States Attorney for the Western District of Pennsylvania announced the filing of a one-count indictment that charges Daniel Hoey, age 43, of 357 Chestnut Street, Sewickley, Pennsylvania, with Wire Fraud and Conspiracy.

According to the indictment, Hoey was involved in a mortgage fraud scheme designed to finance the purchase and renovation of the residence located at 357 Chestnut Street, Sewickley, Pennsylvania. The scheme involved the submission of fraudulent loan applications that overstated the borrower’s income
and assets, a fraudulent appraisal that overstated the value of the residence, documents that overstated the true sales price of the residence, and a fraudulent settlement statement that contained false representations related to the down payment and the distribution of the money at the closing.

These cases are being prosecuted by Assistant United States Attorney Brendan C. Conway. The Mortgage Fraud Task Force conducted the investigation leading to the indictments and Bill of Information in these cases.