"Preet Bharara, the U.S. attorney for the Southern District of New York, announced that Cheddi Goberdhan, a real estate attorney, pled guilty before U.S. District Judge Shira Scheindlin in Manhattan federal court to a seven-count Indictment charging him with conspiracy to commit bank and wire fraud, and six counts of bank fraud, in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans. Goberdhan made hundreds of thousands of dollars in illicit profits from the scheme, in which he worked closely with corrupt loan officers of GuyAmerican Funding, a mortgage brokerage firm in Queens, New York. Goberdhan is the ninth defendant convicted of participating in this mortgage fraud scheme."

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