Former PrimeLending Employee Charged with $1.7 Million Mortgage Fraud

CoinBasedThinking · 2026-01-30T19:12:50+00:00

Aquana Raffington, a former loan officer, faces serious fraud charges for mortgage-related scams totaling $1.7 million. She forged income documents to approve questionable loans, benefiting personally. The case resulted in a permanent ban from financial services, highlighting the need for stricter internal controls in lending.

CoinBasedThinking

2026-01-30 19:12:50

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Aquana Raffington, a former employee working in the lending sector, has been prosecuted by authorities on serious fraud charges related to mortgage loans. According to information from NS3.AI, court records reveal a sophisticated fraud scheme in credit activities, with damages amounting to $1.7 million.

How Income Document Falsification Was Conducted

Raffington used tactics to forge income certificates to legitimize unreasonable loans. Specifically, documents related to employment and income were falsified to increase the borrower’s repayment capacity in the loan application. This behavior directly violated PrimeLending’s internal regulations on verifying customers’ financial information.

In particular, these mortgage loans were created for several businesses directly linked to Raffington himself and family members. This clearly indicates that the purpose of the fraud was not to serve genuine customers but for personal gain.

Legal Consequences and Total Ban

After the truth was uncovered, Raffington faced severe legal repercussions. The mortgage fraud charges not only damaged his personal reputation but also negatively impacted the credibility of the entire lending company.

This case also resulted in a comprehensive ban—Raffington is prohibited from participating in any activities, services, or positions related to financial organizations. This ban is long-term, reflecting the seriousness of fraud behavior in the financial industry.

This event serves as a reminder that regulatory agencies and lending companies need to strengthen internal controls and document verification to prevent similar fraudulent activities in the future.

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