Presentence Report: Federal Criminal Fraud Case

Although I have written a Joint Statement that was included in the Presentence Report describing how and why I was involved in the offense, I wanted the Court to know more about me personally and the impact this case has had on my life and my family. First of all, Your Honor, I am truly sorry for what I did. I 'd like to apologize to the banks, the Government and this Court, my family and friends. It seems the only way I have ever learned anything in life has been through trial and error but I never expected to make an error like this. I understand that I have pled guilty to a very serious federal criminal fraud offense, and I fully understand the severity of that. I want to express to everyone my deepest remorse for having broken the law. I understand that what I engaged in was short-sighted and wrong. I am sorry to have put the people that I care about in a situation where they have to speak for me in person or in letters submitted to the court. I want to express to everyone my deepest remorse. I wish that were as good as …show more content…
I could say I had no intention of hurting anybody. We had all heard of “chilling the bid” over the years, specifically prohibiting any activity to fix or restrain bidding, but that only seemed to apply to the lenders. I could say I didn 't know what statute that I violated or I didn 't know what state or federal law that I broke, but ignorance excuses nobody. I understand now that all of this rationalization was just a way to justify what I was doing and convince myself what I was doing was a fun game to play, but even then, I knew what we were doing was costing the banks money. Moreover, I knew the banks did not receive the money, that they would have, had we competitively bid against each other. I had a variety of excuses, but I now completely understand the far-reaching effects of what I have done corrupted the foreclosure process in general, and for all of that I am truly