Reputed Mobster's Wife Admits Mortgage Scheme

Tuesday, Sep 17, 2013  |  Updated 7:00 PM EDT
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Reputed Mobster's Wife Admits Mortgage Scheme

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The wife of a reputed Philadelphia mob figure has pleaded guilty in New Jersey to charges that she conspired to defraud a mortgage lender in order to buy a $715,000 house.

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Lisa Marie Scarfo faces up to five years in prison when she's sentenced Jan. 10. She entered her plea Tuesday in U.S. District Court in Camden.

Scarfo's was engaged to Nicodemo Scarfo Jr. when the conspiracy occurred in January 2008. She admitted working with him and others to secure a $500,000 mortgage from a bank to purchase the Egg Harbor Township home.

After the scheme was shut down by federal law enforcement in May 2008, the Scarfos were unable to pay the mortgage and the house ultimately went into foreclosure. It was sold by the bank in 2010.

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