A former California Realtor was sentenced to 3 years in prison on Monday for her role in a mortgage fraud scheme, according to the United States Department of Justice (USDOJ).

Dianna Woods, 60, of Citrus Heights, was a licensed real estate salesperson in the Sacremento area who worked at a real estate firm called VLD Realty, doing business as Trade House USA. The company was a residential real estate developer that built and sold developments in Sacramento, Carmichael, and Copperopolis.

When the real estate market started to crash from 2006 through 2008, VLD Realty devised fraudulent marketing schemes to boost business, such as offering cash incentives to prospective buyers in the form of paying the down payment or giving the buyers money after the transaction, which was never disclosed to the lenders and is considered fraud.

Woods got in on the fraud with two purchases of her own using fraudulent loan applications and undisclosed kickbacks. She also assisted another buyer in committing loan fraud for the purchase of two properties in the same developments.

Woods was sentenced by Senior U.S. District Judge William B. Shubb, for four counts of making false statements on loan applications, the announcement was made by U.S. Attorney Phillip A. Talbert.

This case was the product of an investigation by the Federal Bureau of Investigation and Internal Revenue Service-Criminal Investigation. Assistant U.S. Attorneys Shelley Weger and Todd Pickles prosecuted the case.