A Mount Holly woman has been convicted of bank fraud conspiracy for her role in a fake car loan scheme, according to the U.S. Department of Justice.

Kimberlie L. Flemings, 49, was found guilty of conspiracy to commit wire and bank fraud, wire fraud affecting financial institutions and multiple counts of financial institution fraud.

Two of her co-conspirators, Stanley Reginald Barron, 38, and Brian Lyles, 46, previously plead guilty to conspiracy to commit wire and bank fraud. They waiting to be sentenced.

According to evidence presented at trial, Flemings and her accomplices submitted dozens of fraudulent personal loan and automobile applications in their names, and in the names of the at least 30 others they recruited to partake in the scheme.

The co-conspirators created fake automobile dealerships and set up bank accounts, websites and addresses associated with these dealerships to perpetuate the fraud.

These applications were submitted to at least 19 banks and credit unions. As a result of the fraudulent applications, the co-conspirators received more than $1 million in loan proceeds.

They deposited the fraudulently-obtained checks from financial institutions into accounts Barron controlled. Flemings received a portion of the proceeds.

According to court records, a majority of the loans defaulted, resulting in losses to the financial institutions.

Flemings was released on bond and awaits sentencing. Each of the charges she was convicted of carries a maximum sentence of 30 years in prison and a $1 million fine.

Her sentencing date has not yet been set.