Tuckers’ sentencing delayed
The couple who called themselves Cheri and Terry Tucker weren’t sentenced as expected this week.
Terrence George Tucker, 65, and Sonya Tucker, 65, operated Tucker Mortgage in Thousand Oaks and San Diego and also sold real estate. In March they pleaded guilty to bank fraud.
At the request of the defense, the sentencing was postponed until Mon., Nov. 30, said Thom Mrozek, a spokesperson with the U.S. attorney’s office.
Federal prosecutors say the Tuckers were involved in fraudulent loan applications. They’re expected to be sentenced on two counts of bank fraud, with each count carrying a maximum penalty of 30 years in federal prison.
A widow, one of dozens of their alleged victims, attended the hearing on Monday and said she was disappointed she didn’t get to hear the final sentencing.
She didn’t want to be identified but said she thought “Terry looked terrible, but Cheri had her nails done and was wearing a beautiful ring on her finger.”
In Sonya Tucker’s position statement on sentencing filed with the court, she requested with the help of her counsel that the court sentence her to no more than 24 months in jail.
The statement says that “defendant Tucker participated in our nation’s real estate pyramid scheme . . . though the plan failed and the economy collapsed.”
The statement also states: “Tucker, like so many others, was a participant in the recent reckless lending, borrowing and investing spree in which everyone utterly ignored whether the real estate market could continue its dramatic upward trend and whether a borrower could actually afford the mortgage.
“She like many others felt at the time that she was behaving within industry norms.”
In her written confession she wrote, “During the time that I was involved with this fraud scheme to facilitate the use of fraudulent information to assist clients in obtaining loans, Terrence (and) I used money obtained from the scheme to purchase several vehicles (and) real property . . . to travel to foreign countries . . .to buy expensive jewelry and for other living expenses.”
The Tuckers lived in an upscale home with a view in Thousand Oaks. They conducted some of their business deals there. The two wore matching clothes and expensive jewelry. They took cruises all over the world.
According to court documents, Terrence Tucker had a prior criminal history and started the scheme for which he’s being sentenced while he was on probation for a previous fraud conviction. Prosecutors allege that he misled his parole officer on how he was making his living and maintaining an elaborate lifestyle.
Prosecutors are asking for a “lengthy prison sentence” for each of the defendants.
Prosecutors said the offenses are serious because they involved a substantial amount of money stolen from many victims using a sophisticated scheme.



