Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

Realtor pleads guilty to mortgage scam after international man hunt

Realtor flees to Turkey, is extradited to the U.S.

Former Realtor, Diane Atari in Ashburn, Virginia pleaded guilty to a $50 million mortgage and credit scam after years of a heated international man hunt. Court documents reveal that her plea was for grand larceny and several felony counts of making false statements to obtain credit and will be sentenced in February of 2012. Atari owned and operated ACR Consulting Co. and Atari Management Co. and was originally indicted on the charges on July 13, 2009, shortly after she fled to Turkey where she was arrested three months later with the help of Interpol. Atari spent over a year in a Turkish jail and was extradited in February, 2010.

“The investigation was not an easy one,” Captain Ken Pratt of the Loudoun County Sheriff’s Office told the Loudoun Times in February. “It deals with forensic audits and an attention to detail that goes beyond normal fraud and white collar crime investigations.”

Making false statements to obtain credit

Atari fixed her clients’ credit as well as reported their incomes as substantially higher than they really were so that they would qualify for homes they never would have otherwise, which the prosecutors claim ultimately led to losses of over $50 million in defaulted mortgages. Court documents also show that Atari personally obtained over $1 million in commissions from the scheme.

Although in February this year, she told the court, “It’s been distorted and fabricated,” her lawyer today said in a statement, “Diane Atari has today acknowledged the mistakes she made years ago. After reflecting on those mistakes and what she has learned from them, during the past several months she has fully cooperated with authorities and has agreed to assist a local Community Services Board in a program aimed at helping offenders readjust to society upon their release to help prevent recidivism.”

Advertisement. Scroll to continue reading.
Written By

Marti Trewe reports on business and technology news, chasing his passion for helping entrepreneurs and small businesses to stay well informed in the fast paced 140-character world. Marti rarely sleeps and thrives on reader news tips, especially about startups and big moves in leadership.



  1. Stan Brody

    October 13, 2011 at 7:22 am

    This article told us next to nothing about the scheme… HOW did she change credit? White out!… How did she prove income…were the loans all stated income… in essence, what could have, should have been an insiteful article told us little…

  2. Ms.

    October 13, 2011 at 9:06 am

    In order for her to assist a local Community Services Board in a program aimed at helping offenders readjust to society upon their release to help prevent recidivism, wouldn't she have to first get out of jail and become successful in order to tell others how to do it?

    She was ALREADY a convicted felon when she committed this crime. So what does she know about preventing recidivism?

    She is nothing but a career criminal, along with her bike thief son, her mother who conspires with all of her children and grandchildren to assist with their crimes and her deadbeat dad brother. And that is not even including her ex-husband's family.
    It doesn't even say how many felony counts she plead guilty to. One? Two? Five? Ten?

Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.



Real Estate Technology

(TECH NEWS) It turns out that Internet of Things, like smart bulbs in homes, are not secure and give up your info - here...

Real Estate Marketing

(MARKETING) Your fancy, self-animating website might be making people violently ill, even if it is insanely beautiful. Sorry...

Real Estate Marketing

(MARKETING) Conduit is a CRM that does more than CRM, it analyzes your networking data to help you see how to improve your relationships.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.


The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.