TRENTON, N.J. – Nathaniel Anderson, deputy mayor of Willingboro Township, and Chrisone D. Anderson, a business associate, have been charged with orchestrating a fraudulent mortgage scheme, U.S. Attorney Philip R. Sellinger announced today. Both appeared before U.S. Magistrate Judge Tonianne J. Bongiovanni in Trenton federal court and were released on $50,000 unsecured bonds each.
From March 2015 to June 2017, the pair conspired to conduct a fraudulent short sale of Nathaniel Anderson’s property in Willingboro to Chrisone D. Anderson. They are accused of making false statements on mortgage documents, claiming the transaction was arm’s length, denying prior business relations, and misrepresenting their intentions regarding occupancy of the property.
The scheme led to a loss of over $120,000 for a government-sponsored enterprise and a mortgage lender, which discharged Nathaniel Anderson’s mortgage obligation and issued a new mortgage based on deceptive information. Additionally, Chrisone D. Anderson is charged with making false statements to an FBI agent in May 2022 about the sale.
They face charges of conspiracy to commit wire fraud affecting a financial institution, bank fraud, and making false statements on a loan application, each carrying a maximum penalty of 30 years in prison and fines up to $1 million. Chrisone D. Anderson’s charges for making false statements to a federal agent could result in up to five years in prison and $250,000 in fines for each count.