Mortgage broker pleads to real estate scheme

Published September 3, 2009 4:00am ET



A former mortgage broker pleaded guilty for her role in an extensive real estate scheme in the District and Maryland.

Rasheeda M. Canty, 35, faces up to 30 years in prison, but will likely receive between three or four years in imprisonment under the federal sentencing guidelines, prosecutors said. At a federal court in Washington on Friday, Canty admitted that the plot cost her victims more than $1 million and she promised to pay the government more than $340,000 she received in commissions on the fraudulent transactions.

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