Police Officer Charged for Mortgage Fraud

admin —  June 4, 2009 — Leave a comment

Hidayatullah Ali Khalil, Elk Grove, California, has been charged in a complaint with making false statements to a financial institution, wire fraud and engaging in transactions with laundered proceeds.

According to the Complaint, Khalil has been employed as a Elk Grove police officer since 2006, before which he was employed as Deputy Sheriff with the Santa Cruz County Sheriff’s Department. Between May and September 2005, Khalil purchased 10353 Jillson Way, Elk Grove, California and 111 Paseo Drive, Watsonville, California, both of which were listed as his primary residence on loan applications.  Additionally, each of Khalil’s loan applications indicated that he earned $6,000 in monthly income from EZ Towing, a company Khalil has claimed to own and operate.  Khalil went on to refinance each of the purchased properties on two separate occasions, within months of the original closings.  Large sums of equity were withdrawn from both homes during all four of the refinancing instances.  By 2008, each property had gone into foreclosure.

In the complaint, Khalil is interviewed in his Elk Grove home in May 2009, by Special Agent Christopher Patrick of the IRS-CI.  In the interview, Khalil admitted to having purchased the Jillson Way property, but that he never lived in the home.  Khalil also admitted in the interview that he purchased the Paseo Drive property a full year before he obtained the Jillson Way property.  Khalil admitted he reviewed both loan applications and signed both stating that the information contained in the applications was true and correct.  Khalil further stated that he started a business known as EZ Towing, but that it failed and generated essentially no income.

The public is reminded that the complaint is merely an accusation and that the defendant is presumed innocent unless and until proven guilty.

Be Sociable, Share!


Posts Google+

No Comments

Be the first to start the conversation.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>