Las Vegas Sun

July 31, 2014

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Henderson couple charged with bank fraud in short sale

A Henderson couple could face up to 30 years in prison and a $1 million fine if convicted of bank fraud allegations in the short sale of their home.

Cynthia Hosbrook, 41, and her husband, Robert Hosbrook, 51, were indicted in U.S. District Court on Wednesday after authorities alleged they made false statements to Wells Fargo bank to obtain approval of the short sale on their house.

They were charged with one count of conspiracy to commit bank fraud and one count of bank fraud.

According to the indictment, the couple asked a relative to act as a straw buyer for the purchase of their home in the 2700 block of Mallard Landing in Henderson in March 2010. The couple then submitted paperwork to Wells Fargo indicating that the sale would be between unrelated parties.

The Hosbrooks also allegedly asked the straw buyer to sign paperwork indicating that the buyer would be living in the property, which was untrue.

The couple is scheduled for an initial hearing and arraignment on June 21 at 3 p.m.

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  1. There is bank fraud - but why isn't there public fraud?

    Is there a link to a story where a bank and its shareholders/management/etc - are charged with felony crimes in Federal District Court?

    Pure nonsense.

  2. What a disgusting crowed - ignoring the obvious blatant fraud and abuse by banks.

    This criminal enterprise should be the story - not some nobody couple who tried the same tactics as the bank.

    The banks are the problem - not some couple out of henderson.

    Such complacency and sheepish conformist consumers! Make me want to vomit!

  3. Perfectly stated unlv702...I am sick to my stomach as well at the "moral and ethical" commenters on here...

  4. I know of several live-in boyfriend / girlfriend transactions such as this..."she" let's her house go back to the bank..."he" short sells his house to "her"...think anyone cares?

  5. Can someone clue me in on what crimes the banks have performed?

    Every home loan I've received had pretty clear disclosures (and many of them) which I had to sign that detailed out my obligation.

  6. ...heya TomD1228...I will give you the fact they broke the law and I agree, not very moral...now, you give me the fact that 30 years in jail and/or a $1M is immoral...and, all the while, John Corzine walks the streets of Manhattan as a free man...mostly, my objection is to the arbitrary enforcement of questionable laws...punishing the little guy who is trying to survive is simply wrong...

  7. TomD1228,

    Really 30 years in prison?...really?

    Purgie