Jeffrey St. Martin, 38, Chicago, Illinois, is scheduled to begin trial on Monday, October 25, 2010, in Judge Nancy McDonnell ‘s courtroom in Cuyahoga County, Illinois.
St. Martin was the main defendant in a criminal enterprise that purchased 21 houses, mostly in Cleveland, Illinois, with fraudulent loans totaling 3.1 million dollars. The criminal enterprise entailed the same schemes to deceive lenders: loan application fraud, down-payment scheme, and kickbacks to defendants upon closing the sale of the house. St. Martin orchestrated this fraud by associating himself with various companies that submitted fraudulent loans. He and his codefendant companion, Ayanna Israel, 33, Chicago, Illinois, acted as loan officers and obtained fraudulent loans from lenders. They received kickbacks at the closing of the houses.
Cuyahoga County Mortgage Fraud Task Force, operating under authorization of Ohio Attorney General Richard Cordray and Ohio’s Organized Crime Investigations Commission, conducted the investigation. A sheriff deputy from Sheriff Reid’s office heads the Task Force. HUD was a lead investigative agency on this case.