Former Naples banker pleads guilty in $33M mortgage fraud conspiracy

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TAMPA, Fla. A former Naples banker pleaded guilty on Thursday to his role in a $33 million mortgage fraud conspiracy.

Ross D. Pickard, 63, faces up to five years in federal prison.

Pickard was a senior loan officer at JP Morgan Chase Bank when he completed, certified and submitted mortgage loan applications with false and fraudulent statements, federal prosecutors said.

“By relying on Pickard’s false and fraudulent statements on the loan applications, JP Morgan Chase funded mortgage loans for otherwise unqualified borrowers,” prosecutors said in a statement.

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