2 Charged in Mortgage Fraud Scheme

admin —  August 17, 2009 — Leave a comment

Wildor Washington, Sr., 64, Kansas City, Missouri, and Emma Jean Holmes, 52, Kansas City, Missouri, are charged with mortgage fraud. Both Washington and Holmes are charged with one count of conspiracy to commit wire and mail fraud, one count of wire fraud, one count of mail fraud, and one count of money laundering. In addition, Washington is charged with one count of making a false statement to a special agent of the Internal Revenue Service. The crimes are alleged to have occurred during July through September 2004 in Johnson County, Kansas.

According to the indictment, Washington conspired to defraud lenders by submitting false and fraudulent loan applications to obtain home loans for Emma Jean Holmes. The applications grossly overstated Holmes’ monthly income and falsely stated the property being purchased would be her primary residence when in fact she did not intend to live there. Washington and Holmes also falsely stated that she was providing the down payment. The alleged crimes occurred in connection with the purchase of a house in the 7900 block of 155th Place in Overland Park, Kansas, and a house in the 15700 block of Birch Street in Overland Park, Kansas.

Upon conviction, the alleged crimes carry the following penalties:

  • Conspiracy: A maximum penalty of 5 years in federal prison and a fine up to $250,000.
  • Wire fraud: A maximum penalty of 20 years and a fine up to $250,000.
  • Mail fraud: A maximum penalty of 20 years and a fine up to $250,000.
  • Money laundering: A maximum penalty of 20 years and a fine up to $500,000.
  • Making a false statement to an investigator: A maximum penalty of 5 years and a fine up to $250,000.

The Internal Revenue Service investigated. Assistant U.S. Attorney Chris Oakley and Assistant U.S. Attorney Marietta Parker are prosecuting.

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