Two Oregon men entered guilty pleas in federal court Tuesday and Wednesday for their parts in a Vancouver-based mortgage brokerage service scheme that defrauded lending companies out of more than $3 million — and generated fat kickbacks to the defendants, officials said.
The defendants operated Crown Point Enterprises, doing business as Lighthouse Financial Group in Vancouver, and Amsden and another man were principals of a Washington corporation they called Cash Money Brothers Financial Group Inc., according to a bulletin from Sue Rutledge with the U.S. Attorney’s Office in Portland.
Chadwick Amsden of Portland pleaded guilty on Wednesday of one count of conspiracy to commit wire and mail fraud, with a maximum sentence of 30 years in prison and a $1 million fine, the bulletin said.
Adam Perkins pleaded guilty Tuesday of two counts of wire fraud, with a maximum sentence of 20 years in prison and a $500,000 fine.