Father, Daughter, Wife Indicted in Mortgage Fraud Conspiracy

admin —  July 22, 2009 — 1 Comment

ClaymonButch” Trammell, 59, Manvel, Texas; Michelle Trammell, 37, Katy, Texas; and Jeannettea Williams, 54, Manvel, Texas, are charged in an 11-count indictment for their alleged involvement in a scheme to defraud residential mortgage lenders out of loans totaling more than $2.5 million in connection with purchase money home loans. The three were arrested without incident by FBI agents at their residences. Claymon Trammell operated real estate and home repair companies in the Houston area. Michelle Trammell, Claymon Trammell’s daughter, operated as a mortgage broker while Jeannettea Williams, Claymon Trammell’s wife, operated as a real estate agent.

According to allegations in the indictment, the defendants paid individuals to use their names and credit on loan applications to buy residential properties and submitted fraudulent home repair and other invoices to pay themselves from the loan proceeds. Michelle Trammell allegedly filled out loan applications for the straw buyers and provided lenders with false information about borrowers’ employment, income, assets and intent to occupy the properties. Jeannettea Williams notarized borrower occupancy affidavits that borrowers intended to occupy the properties as primary residences, even though she and Claymon Trammell occupied two of the properties, according to the indictment.

Indictment involves activities relating to 5 properties:

6111 Canyon Creek Lane, Conroe, Texas

28702 Diamond Creek Drive, Magnolia, Texas

4310 Peninsula Place, Missouri City, Texas

13702 Crosslyn Lane, Cypress, Texas

9611 Chatfield, Houston, Texas

The Indictment also provides notice to each defendant of the intent of the United States to forfeit their interest in the $2.5 million they allegedly obtained as a result of the mortgage fraud scheme.

United States Attorney Tim Johnson announced the indictment.

The maximum penalty, upon conviction, for conspiracy and wire fraud affecting a financial institution is 30 years in prison and a $1 million fine.

The three defendants are expected to make their initial appearance today at 2:00 p.m. before United States Magistrate Judge Calvin Botley.

This case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Belinda Beek.

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One response to Father, Daughter, Wife Indicted in Mortgage Fraud Conspiracy

  1. Hang the cons. . .No need for scum like this to see daylight.

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