DCHA MENU

On Wednesday, July 25, Donald M. Ramsey, 45, a mortgage broker from Alexandria, VA., pled guilty to a charge of conspiracy to commit bank and mail fraud for his part in a scheme that cost lenders more than $700,000. DCHA Deputy Director W. Earl Van Field and Senior Investigator David P. Davis, both in the Office of Audit & Compliance, played essential roles in ending Donald Ramsey and co-conspirators’ fraudulent masquerade.

Ramsey and co-defendant, LaFrances Dudley O’Neal, were indicted in December 2011 on charges of bank fraud, mail fraud, and conspiracy to commit bank and mail fraud. The indictment included a forfeiture count seeking all proceeds from the defendants ‘crimes. Ramsey faces a statutory maximum of five years in prison as well as potential fines and other penalties. As part of his plea agreement, Ramsey agreed to the forfeiture of a money judgment of $366,000, representing his proceeds from the crimes.

According to a statement of offense, signed by the defendant as well as the government, from 2006-2008, Ramsey and others defrauded banks and other lenders of money through false statements and misrepresentations. They identified residential real estate in the Washington, D.C. area, as well as straw buyers to obtain mortgages through false loan applications, forged documents, and fraudulent settlements. Ramsey acted as a mortgage broker, assisting lenders and completing loan applications that exaggerated the salary and cash assets of the stray buyers. 

W. Earl Van Field and Senior Investigator David P. Davis have gone above and beyond in their commitment to both DCHA and the nation.
W. Earl Van Field and Senior Investigator David P. Davis have gone above and beyond in their commitment to both DCHA and the nation.
Last modified: 12/30/2014 6:28:33 AM