48-year old Lorita Frazier of Westminster, Maryland, and a clerk at the U.S. Postal Service at the Randallstown, Maryland post office, was sentenced by U.S. District Judge Richard D. Bennett to three years in prison, followed by 10 months of home detention with electronic monitoring as part of five years of supervised release.

The federal jury convicted her last June 18, 2009 of embezzling postal funds, bank fraud and wire fraud in connection with making fraudulent loan applications with a forfeiture judgement of $621,695.86.

She was responsible for consolidating the cash from all window clerks.  She embezzled approximately $74,000 by taking money from intended bank deposits and issuing postal money orders to herself without paying for them. Frazier applied for loans from a credit union in Baltimore and a mortgage lender, falsely claiming on the loan applications monthly income ranging from $2,228 to $8,727 from a day care center. The credit union and mortgage lender relied on the false loan applications and false documentation in approving a loan from the credit union of $56,670.50 to purchase a 2004 Porsche; another loan from the credit union of $100,152.45 to purchase a 2004 Porsche Turbo; and a loan from the mortgage lender to refinance Frazier’s mortgage to $504,000.