A Bucks County couple were convicted Tuesday in federal court of a $14.6 million mortgage-fraud scheme targeting homeowners facing foreclosure, prosecutors said.
Edward G. and Jacqueline McCusker of New Hope face lengthy prison sentences, prosecutors said. The couple, both 47, also face large fines and possible forfeiture of the proceeds from their fraud.
The McCuskers operated Axxium Mortgage Inc. They worked with codefendants Jeffrey A. Bennett and Stephen G. Doherty, both lawyers, who have pleaded guilty and await sentencing. Codefendant John Bariana also has pleaded guilty and is awaiting sentencing.