A former Bank of America employee Clarista Bramble, 59, from Randolph, Massachusetts was pled guilty of fraud in federal court for creating false documents to secure approval of mortgage applications.

During the time Bramble was a bank employee from December 2006 to July 2007, she created false bank documents reporting fictitious balances for accounts of people applying for loans from various mortgage lending companies. In return, Bramble received cash payments and other financial benefits from those who are engaged in the scheme.

Bramble faces up to 20 years of imprisonment, followed by 3 years of supervised release and a $250, 000 fine on each count. Judge Tauro scheduled sentencing for March 17, 2010

The case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service, with the assistance of Bank of America. It is being prosecuted by Assistant U.S. Attorneys Victor A. Wild and Ryan M. DiSantis of Ortiz’s Economic Crimes Unit.