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Woman in fraud scheme enters plea deal
Candice McGraw among 33 arrested in U.S., Canada
Updated: Wednesday, 12 Sep 2012, 8:24 PM EDT
Published : Wednesday, 12 Sep 2012, 8:24 PM EDT
GRAND RAPIDS, Mich. (WOOD) - A West Michigan woman arrested in July as part of an international fraud scheme bust has reached a deal with authorities.
Candice McGraw was one of the 33 people arrested in the U.S. and Canada, accused of running a fraudulent loan scheme that bilked $2.6 million out of about 2,000 victims from all 50 states.
McGraw entered into a plea agreement with federal authorities in New York City for her part in the scheme.
She agreed to plead guilty to one county of conspiracy to commit wire fraud, court documents show.
The maximum penalty for the crime is 20 years in prison, a $250,000 fine, a $100 special assessment, and three years of probation.
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