Good quality of help at Ocwen, huh? No wonder the VA fired them!
A former residential sales manager at a West Palm Beach-based property management company has pleaded guilty to wire fraud in connection with housing repair contracts for the U.S. Department of Veterans Affairs.
Benjamin K. Graves was a residential sales manager at Ocwen Loan Servicing, which managed foreclosure properties under contract with the VA.
As part of the contract, Ocwen completed the necessary repairs, then resold the property.
According to the charges, filed last month in Orlando federal court, Graves steered the repair contracts to companies affiliated with a particular contractor, in exchange for cash payments, between 2006 and 2007.
Graves allegedly sent competitive bid information to the contractor and sham bids to Ocwen via wire.
His arrest was part of an ongoing federal investigation of housing repair contracts performed under contract with the VA. Graves faces up to 20 years in prison and a $250,000 fine.