Overview
- A Texas federal court also ordered Hockridge to pay nearly $64 million in restitution.
- The Justice Department says Blueacorn fabricated payroll, tax and bank records and used a paid "VIPPP" channel that coached borrowers to submit false information.
- A 2022 congressional report found the company sidelined vetting, charged illegal success fees, prioritized volume over accuracy, and included internal messages urging deletions.
- Hockridge was convicted by a jury in June of conspiracy to commit wire fraud; co-founder Nathan Reis pleaded guilty in August and awaits sentencing.
- She is expected to surrender on December 30 to Federal Prison Camp Bryan in Texas, according to prior reporting.