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Woman Sentenced for Scamming Homeowners Facing Foreclosure

Stephanie Abbott —  October 30, 2019 — Leave a comment

Ruby Price, 74, Bonner Springs, Kansas was sentenced today to a year and a day in prison for swindling homeowners facing foreclosure with false promises to help them save their homes

Price was a managing partner of Arize Group, a company based in Overland Park, Kansas. http://www.mortgagefraudblog.com/?s=Ruby+Price

She and co-defendants took money from distressed homeowners by fraudulently promising to:

  • Lower their interest rates.
  • Lower their monthly payments
  • Help them obtain loan modifications.

Price pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud.

U.S. Attorney Stephen McAllister made the announcement.

McAllister commended the U.S. Department of Housing and Urban Development – Office of Inspector General, the Federal Housing Finance Agency – Office of Inspector General, the Johnson County District Attorney’s Office, Special Assistant U.S. Attorney Emilie Burdette and Assistant U.S. Attorney Jabari Wamble for their work on the case.

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Scam Targeting Homeowners Facing Foreclosure gets Women Convicted

Stephanie Abbott —  October 1, 2019 — Leave a comment

Sara Cordry, 69, Overland Park, Kansas, was found guilty on Monday of taking part in a scheme to swindle homeowners facing foreclosure with false promises to help them save their homes.

During trial, prosecutors presented evidence that Cordry conspired with co-defendants to take money from victims by fraudulently promising to:

  • Lower their interest rates.
  • Lower their monthly payments.
  • Help them obtain loan modifications.

Investigators identified more than 500 victims in 24 states who suffered a total loss of more than $1 million due to the scheme.

Co-defendants include:

  • Tyler Korn, 30, St. Ann, Missouri, who was sentenced to 51 months in federal prison.
  • Ruby Price, 74, Bonner Springs, Kansas, who is awaiting sentencing.
  • Amjad Daud, 35, Lutz, Florida, who failed to appear at court hearings. A warrant for his arrest has been issued.

Cordry’s sentencing is set for January 9, 2020. She could face up to 30 years in federal prison and a fine up to $1 million on each count.

U.S. Attorney Stephen McAllister made the announcement.

McAllister commended the U.S. Department of Housing and Urban Development – Office of Inspector General, the Federal Housing Finance Agency – Office of Inspector General, the Johnson County District Attorney’s Office, Special Assistant U.S. Attorney Emilie Burdette and Assistant U.S. Attorney Jabari Wamble for their work on the case.

 

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Guilty Pleas in Scam Targeting Homeowners Facing Foreclosure

Stephanie Abbott —  January 23, 2018 — Leave a comment

Tyler Korn, 28, St. Ann, Missouri, pleaded guilty Monday to charges he and his accomplices swindled homeowners facing foreclosure with false promises to help them save their homes.

In his plea, he admitted he and co-defendants used the address of a UPS store in Overland Park, Kansas, to form Reliant Home Financial Group, a company they operated out of the St. Louis, Missouri metro area.

The indictment alleges the defendants took money from victims and fraudulently promised to:

  • Lower their interest rates.
  • Lower their monthly payments.
  • Help them obtain loan modifications.

When victims received foreclosure notices, the defendants advised them not to worry about it.

Other defendants include:

Amjad Daoud, 33, Lutz, Florida, who is awaiting trial.

Ruby Price, 73, Bonner Springs, Kansas, who is awaiting sentencing.

Korn will be scheduled for sentencing later. He faces up to 20 years in federal prison and a fine up to $1 million on each count.

U.S. Attorney Tom Beall made the announcement.

Beall commended the U.S. Department of Housing and Urban Development – Office of Inspector General, the Federal Housing Finance Agency – Office of Inspector General, the Johnson County District Attorney’s Office, Special Assistant U.S. Attorney Emilie Burdette and Assistant U.S. Attorney Jabari Wamble for their work on the case.

 

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