Lodi woman indicted in mortgage scheme that resulted in $5.5 million in foreclosures

"A Lodi woman faces federal charges of mail fraud, conspiracy and making false statements in a mortgage scheme that resulted in $5.5 million worth of home foreclosures.

Tracy Painter, 50, was released on $100,000 bond posted Tuesday afternoon by her parents, according to federal court records.

She was one of 10 people indicted last week by a federal grand jury. The indictment was unsealed Tuesday and announced Wednesday by the U.S. Attorney's Office in Sacramento."