Former local NY political leader pleads guilty
Prosecutors say a former suburban New York political leader has pleaded guilty in a residential mortgage fraud scheme. WAMC's Dave Lucas reports.
Westchester County District Attorney Janet DiFiore says former North Castle GOP Republican Chairwoman Loronda Murphy pleaded guilty to the felony charges on Tuesday.
Murphy and a co-defendant operated a mortgage closing company in Armonk, N.Y. in 2009.
Prosecutors say they ran what amounted to a Ponzi scheme.
Murphy, who now lives in Greenwich, Conn., faces up to 25 years in prison when she's sentenced on Jan. 8.
Real estate attorney Scott Forcino, of New Rochelle, N.Y., pleaded guilty to a misdemeanor.
Copyright 2012 The Associated Press.