A Houston-area man who used a child’s Social Security number to secure funds in an alleged $10 million mortgage fraud scheme has pleaded guilty.

Prosecutors in Houston say 39-year-old Adrian Levale Cole pleaded guilty Tuesday to committing wire fraud and false representation of a Social Security number.

Sentencing is Sept. 23 for Cole, who faces up to 20 years in prison. Two co-defendants face trial in July.

Investigators say Cole, who was indicted last June, used several business names to fraudulently secure mortgage loans.

Details on the minor, whose Social Security number turned up on a loan application to create a line of credit, were not released.

Investigators say the mortgage fraud scheme ran from mid-2003 until July 2006.

http://www.businessweek.com/ap/financialnews/D9GL3HGG0.htm

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