SAN FRANCISCO
A former Modesto mortgage banker has pleaded guilty to 122 felony counts of fraud and money laundering.
Tony Daniloo also admitted he and his wife preyed on low-income and minority clients with poor credit.
The 32-year-old Turklock resident accepted a plea deal yesterday that will send him to federal prison for 10 years.
He and wife were arrested in 2004 for forging documents at DreamLife Financial to qualify Modesto-area clients for loans they wouldn't otherwise have received.
He must repay one-point-three million dollars to victims as part of a plea deal he struck with state prosecutors.
His wife, 31-year-old Nansi Daniloo, does not face federal charges and recently settled state charges by repaying victims and doing community service.
http://www.kesq.com/Global/story.asp?S=5779991&nav=9qrx
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