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Real estate agent in mortgage fraud scam pleads guilty

Sunday - 10/16/2011, 11:09am  ET

Michelle Basch,

ASHBURN, Va. - A real estate agent accused in a mortgage scam involving more than 100 clients, now admits she made "mistakes."

Diane Frederick Atari, of Ashburn, Va., has pleaded guilty to charges of making false statements to obtain credit, as well as grand larceny.

She was indicted in 2009 on charges of falsely boosting clients credit scores so they could qualify for mortgages they couldn't afford.

After the indictment, Atari fled to Turkey, but was arrested there and extradited back to the U.S.

Investigators say Atari made more than $1 million from the scheme, and more than $50 million was lost on the bad mortgages.

The Loudoun Times reports after the plea, Atari's attorney released a statement saying his client has: "acknowledged the mistakes she made years ago."

Sentencing is set for February.

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