Theodore Kurz, 70, New Orleans, Louisiana, pled guilty on September 12, 2019 to mortgage fraud.
According to court documents, Kurz obtained mortgages for three properties through the State of Louisiana, Division of Administration, Office of Community Development. He then forged mortgage cancellations that he filed with the Orleans Parish Clerk of Court to falsely make it appear that the loans had been satisfied. Kurz then obtained mortgages through a different lender, falsely claiming that there were no outstanding mortgages or liens on the properties.
Kurz faces 30 years of imprisonment, 5 years of supervised release and a $1,000,000 fine. Sentencing has been set for December 12, 2019.
The announcement was made by U.S. Attorney Peter G. Strasser.
U.S. Attorney Strasser praised the work of the Office of Inspector General for the U.S. Department of Housing and Urban Development in investigating this matter. The prosecution of this case is being handled by Assistant U. S. Attorney G. Dall Kammer, Supervisor of General Crimes.