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Texas title company employee admits to orchestrating $350K wire fraud scheme

A 55-year-old McAllen resident has pleaded guilty to conspiracy to commit wire fraud, announced U.S. Attorney Alamdar S. Hamdani.Mayela Saby Cantu admitted she knowingly participated in a scheme that used falsified lien payoff statements, fraudulent warranty deeds and deceptive emails to mislead lenders, title companies and property buyers.From November 2020 until her arrest, Cantu defrauded buyers and lenders in multiple property transactions while working at Sierra Title in McAllen. Using her position of trust, she facilitated closings backed by falsified documents. In one notable case, she directed others to create a fraudulent email address resembling that of a legitimate lienholder.

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