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Oklahoma woman sentenced in $4.7M mortgage fraud

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TRENTON, N.J. (AP) — Federal prosecutors say an Oklahoma woman who admitted running a mortgage fraud scheme in New Jersey that generated $4.7 million in fraudulent loans has been sentenced to four years in prison.

Thirty-six-year-old Taya Romano will also have to serve three years of supervised release once she's freed from prison and make restitution.

A former resident of Ridgewood, Romano pleaded guilty in January 2011 to a federal charge of mail fraud affecting a financial institution.

Prosecutors say that between 2008 and 2009, Romano conspired with her then-husband to solicit and obtain money from two sets of family friends in New Jersey.

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