By Neal Putnam
Teresa Rose, 57, a Ramona real estate agent, will be sentenced Jan. 3 after receiving a delay in U.S. District Court in San Diego. She pleaded guilty to conspiracy to commit wire fraud and money laundering in 2012.
The sentencing for Rose has been delayed several times before Judge John Houston. She remains free on $50,000 bond. Her guilty pleas represented actions that occurred in 2006 to 2007.
Rose and three others were charged with carrying out a mortgage loan fraud by recruiting investors via ads to purchase homes in Ramona and elsewhere as straw buyers who were promised $10,000.
Her attorney, Michael Lipman, said earlier that Rose was duped by a co-defendant. Lipman said she didn’t receive any illegal profits, and that she pleaded guilty “based on limited conduct that occurred in the 2006 to 2007 time period involving nine transactions in Ramona.”
Rose faces a maximum term of five years in federal prison, but could get probation if she pays restitution.