A former Elk Grove Police officer and two other Elk Grove residents pleaded guilty last week to charges of mortgage fraud, and now face up to 30 years in prison.
Former Elk Grove Police officer Ali Khalil, 32, applied for home loans in Elk Grove and Watsonville, lying about his assets and income, falsely saying each home would be his primary residence, and not disclosing the other home, according to a press release from the office of United States Attorney Benjamin B. Wagner. He also made two bank deposits in the amount of $9,800 to "evade currency reporting requirements that are triggered by deposits over $10,000," according to the press release.
He pleaded guilty to charges of "wire fraud and structuring financial transactions to evade currency transaction reporting requirements," the press release states.
Co-defendent Amanullah Khalil, 39, applied for a home equity line of credit on a house in El Dorado Hills, saying his wife would use the money to expand her business. Instead, he used the cash to buy cars in Afghanistan, according to the press release.
Wahidullah Khalil, 27, also made separate deposits of $9,800 to dodge reporting requirements, the press release states. That money and money from the co-defendents was used to buy a house in Folsom, which the trio will be required to forfeit to the U.S. government.
"In addition, Ali Khalil and Amanullah Khalil will be required to pay restitution to the defrauded lenders," the press release states. "That restitution is expected to be approximately $300,000 for Ali Khalil and approximately $486,000 for Amanullah Khalil."
The trio will be sentenced on Nov. 2.
--
Sign up for the free Elk Grove Patch newsletter | Like Elk Grove Patch on Facebook | Follow @ElkGrovePatch on Twitter | Blog for Elk Grove Patch
