Lynn Truong, aka Linh Thi Truong, 40, of Clovis, has been sent to prison for 21 months for a conspiracy to defraud lenders while buying homes to use to grow marijuana, according to U.S. Attorney Benjamin Wagner.
In April Ms. Truong pleaded guilty to one count of conspiracy to commit mail fraud. In pleading guilty, she admitted that she had conspired with her mortgage broker, Monique Nguyen, aka Monique Dzu Le, 62, to defraud GreenPoint Mortgage Funding Inc. in order to obtain a $545,000 loan to purchase a residential property in Willits.
She overstated her income, misrepresented her job title, and made other false statements.
The house was converted into a marijuana cultivation operation. Mendocino County Sheriff’s deputies seized 856 marijuana plants from the Willits property, and grow lights and equipment from Ms. Truong’s residence in Clovis. Ms. Nguyen was convicted of mortgage fraud in this case.
“You took a mammoth risk and lost,” said U.S. District Judge Lawrence O’Neill in handing down the sentence.