College to host STEM forum June 7
Prince George's Community College will host a free technology and engineering business forum from 8:30 a.m. to 12:30 p.m. June 7 at the college’s Largo Student Center, 301 Largo Road.
The event will focus on the science, technology, engineering and math business community and its challenges in the county and region, according to a college statement.
Mortgage scheme defendant gets 29 months
Carol Nelson, CFO of POS Dream Homes, an arm of Metro Dream Homes of Laurel, was sentenced by U.S. District Court Judge Roger W. Titus to 29 months in prison followed by three years of supervised release for money-laundering in connection with her participation in a massive mortgage fraud scheme, federal prosecutors announced. Nelson also was ordered to pay $34.3 million in restitution.
Nelson, 53, of Washington, D.C., is the final defendant to be sentenced in the case. The company promised homeowners that in return for $50,000, plus an administrative fee of up to $5,000, it would pay off their mortgage in five to seven years. Executives told homeowners that the money would be invested in automated teller machines and other ventures to generate the money needed to make the mortgage payments.
Instead, the defendants used the money to draw salaries of up $200,000; pay their own mortgages; employ chauffeurs and maintain a fleet of luxury cars; and attend the 2007 NBA All-Star game and 2007 Super Bowl, staying in luxury accommodations, according to prosecutors.
All told, more than 1,000 homeowners were swindled of $78 million, prosecutors said.
Nelson was hired in December 2006 after Dream Homes added a second program called POS Dream Homes that offered a similar setup and ensured the programs covered Washington, D.C., Virginia, North Carolina, New York, Delaware, Florida, Georgia and California. She was promoted to CFO in March 2007.
Capitol Heights apartments get $3.5M renovation
UIP Property Management of Washington, D.C., reported that it completed a $3.5 million renovation of its 231-unit Hillside Heights Apartments complex at 5200 Marlboro Pike, Capitol Heights.
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