Cambridge Woman Pleads Guilty To Bank Fraud - 47 ABC - Delmarva's Choice

Cambridge Woman Pleads Guilty To Bank Fraud

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BALTIMORE, Md. - A Cambridge woman, is facing up to 30 years behind bars, after pleading guilty to bank fraud.

On Tuesday, 59-year-old Jill Dail, pleaded guilty to bank fraud in connection to a scheme where she, along with her brother, Jeffery Dail, took out mortgage loans in family member's names, and then used the money for themselves. According to the plea agreement, Jill Dail was a loan settlement processor in the mortgage department at a bank in Salisbury, until June 2007 when the bank was downsized.

After that the bank manager reportedly still paid Dail out of his own funds, and gave her full access to bank premises, computer system and loan files, while she apparently continued to represent herself as a bank employee in her dealings with title companies and other businesses.

In the agreement Dail admits that from January 2006 through August 2009, both Dails applied for mortgage loans using the names of family members, and used the proceeds of the loans for their personal benefit. They would forge the signature of the family members, and bank officials on loan applications, getting the loan distributed at settlement, all without the knowledge of the person who's name and property was used on the application. The balance of loan funds still unpaid is approximately $357,150.

Jill Dail now faces a maximum of 30 years in prison, and a $250,000 fine. She is scheduled to be sentenced on April 3, 2014 at 9:30 AM. 49-year-old Jeffrey Dail, of Cambridge, pleaded guilty on December 5th, 2013, and faces the same sentence. He is scheduled to be sentenced on February 21st at 12:00 PM.

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