A Union County builder is the latest person agreeing to plead guilty in the growing "Waxhouse Investigation," a federal mortgage-fraud case that has been more than a year in the making.
The Charlotte Observer reported yesterday that Jennifer Jackson, an owner and operator of Jackson Custom Homes, was a builder for and member of Mortgage Fraud Cell No. 2, according to court documents.
Jackson, charged with one count of mortgage-fraud conspiracy, faces a maximum of up to 5 years in prison and a $250,000 fine.
Jackson is the 12th person who has agreed to a guilty plea in the case and the second in the last week. Participants in the fraud agreed to buy homes at one price from builders, arranged buyers at a higher price and then lied to get mortgages at the higher level, according to court documents.
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