5 Defendants Charged with Fraud Involving Brotherly Investment Group

admin —  February 12, 2009 — 2 Comments

5 Defendants have been charged in 4 separate Indictments with defrauding lenders on mortgage applications and documentation for properties in Virginia, Maryland and the District of Columbia.

 

Terrence White has been charged in an information with a single count of mail fraud. The Information alleges that White and others paid straw buyers $10,000 per property to purchase homes. One of those straw buyers was co-defendant S.W. S.W. purchased four properties for White and others, including houses at 1429 W. Lombard Street, Baltimore, Maryland; 34 Q and 32 Q Street, Washington, DC; and 119 Bates Street NW, Washington, DC.

White and his co-conspirators T.R. and O.A. allegedly created fraudulent invoices to claim that their company Brotherly Investment Group performed “renovations” on the S.W. properties. Using these false documents, White and his co-conspirators were was able to be “re-paid” at closing for the renovations that they claimed they had already done.

 

Sabrina Weinberg has entered a guilty plea to a single count of mail fraud. According to the Information and the statement of facts in the Plea Agreement:

In early 2006, K.M., T.R., and others approached Weinberg about being a straw purchaser for several properties. T.R. and others paid Weinberg $10,000 for each home purchase with the expectation of another $10,000 to be paid to Weinberg once the property was sold. As part of the scheme, T.R. and T.W. used their company, Brother Investment Group, to create false invoices claiming that they did over $400,000 in “renovations” on the purchase properties.

On October 11, 2006, Weinberg received a $400,000 loan for a property at 8010 Aberdeen Road, Bethesda, Maryland, knowing the loan application contained materially false information about her income assets. Weinberg signed loan documents for this property that were mailed on October 11, 2006 from Elite Title, Batlimore Maryland to Ampro Mortgage, Atlanta, Georgia.

Weinberg also received loan for other properties in the scheme, including 1429 W. Lombard Street, Baltimore, Maryland; 5901 Wilson Lane, Bethesda, Maryland; 1035 Newton Street, NE, Washington, DC; 119 Bates Street NW, Washington, DC; 34 Q and 32 Q Street, Washington, DC. Some of these properties have gone into foreclosure.

 

Kara McIntosh has been charged in a 7 count indictment with 3 counts of mail fraud and 4 counts of wire fraud. Alleged in the Indictment:

McIntosh and others knowingly assist straw buyers in purchasing properties by creating fraudulent mortgage applications and mortgage documents. It was further part of the scheme that McIntosh used false information to support the mortgage applications. For example, on several mortgage documents, McIntosh listed straw buyer S.W.‘s income to boer $15,500 per month when McIntosh, knew that S.W. did not have such income. There were other misrepresentations about the total properties S.W. owned and the resources to maintain mortgages totaling $4,692,836. Finally, McIntosh created false documents concerning S.W.‘s assets and marital status, and false power of attorney documents for S.W.‘s husband in order to facilitate the homer mortgage.

Mcintosh worked with T.R. and T.W. to have their company, Brotherly Investment Group, create false invoices claiming hundreds of thousands of dollars for “renovations” on the purchased properties. McIntosh and other knew that such renovations never occurred, and the documentation saying such work occured was fraudulent.

McIntosh is charged with knowingly and willfully causing a deposit to a private carrier a false and fraudulent mortgage loan application for properties at 8010 Aberdeen Road, Bethesda, Maryland; 5901 Wilson Lane, Bethesda, Maryland; 119 Bates Street NW, Washington, DC; 34 Q and 32 Q Street, Washington, DC; 1035 Newton Street, NE, Washington, DC; 1429 W. Lombard Street, Baltimore, Maryland.

 

Osman Sharrieff Al-Bari (“Osman“) and Jamilah Al-Bari (“Jamilah“) have been charged in an 11 count indictment with mail fraud and wire fraud. Alleged in the Indictment:

Osman and others paid straw buyers $10,000 per property to pruchase homes. One of those straw buyers was co-defendant S.W. S.W. purchased four properties for Osman and others, including houses at 1429 W. Lombard Street, Baltimore, Maryland; 34 Q and 32 Q Street, Washington, DC; and 119 Bates Street NW, Washington, DC. Osman and his co-conspirators T.W. and T.R. created fraudulent invoices to claim that their company Brotherly Investment Group performed “renovations” on the S.W. properties. Using these false documents, Osman and his co-conspirators were was able to be “re-paid” at closing for the renovations that they claimed they had already done.

Osman, Jamilah and others had the straw buyers list false asset information claiming large account balances at various banks, including M&T Bank. Jamilah abused her position as a Business Banking Liaison at M&T Bank and created several false documents to verify assets for straw buyers, when she and others knew that such straw buyers did not have such assets. Jamilah would send false verification letters on M&T Bank letterhead to banks and mortgage lenders to facilitate the fraud scheme.

Osman and Jamilah are alleged to have been involving in fraudulent transactions for properties: 152 N. Potomac Street, Baltimore, Maryland; 34 N. Milton Street, Baltimore, Maryland; 146 N. Potomac Street, Baltimore, Maryland; 148 N. Potomac Street, Baltimore, Maryland; 127 N. Potomac Street, Baltimore, Maryland; 11516 Little Bay Harbor Way, Spotsylvania, Virginia; 11207 Fawn Lake Parkway, Spotsylvania, Virginia; 34 Q and 32 Q Street, Washington, DC;119 Bates Street NW, Washington, DC and 1429 W. Lombard Street, Baltimore, Maryland.

 

Brotherly Investment Group made news recently when Timothy Reed, leader of a mortgage fraud scheme involving Brotherly Investment Group, plead guilty to a 1 count information.

All charges are merely allegations, and the defendants are presumed innocent unless and until proven guilty

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2 responses to 5 Defendants Charged with Fraud Involving Brotherly Investment Group

  1. I worked for Sabrina as a nanny! I knew something was up when she started telling me about buying all these homes, I left ASAP and never looked back until…this is the first I’ve heard of any of this.

  2. The name of the company alone would garner my suspicion.

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