Missouri
Mortgage Fraud - Missouri
Thursday, June 16, 2005
Barber Ordered to Jail Pending Trial
Judge Found Terms of Release Violated
Brent Barber, Belton, Missouri will spend the remainder of his time awaiting trial in a jail cell. Although Barber was free on bail with three separate indictments pending, On May 20, 2005, Chief U.S. Magistrate Judge John Maughmer ordered Barber into custody for violating the terms of his release. As a condition of his release on bond, Barber...
Tuesday, June 07, 2005
Former Ameriquest Employee Pleads Guilty to Mortgage Fraud
Calvert Admits to Defrauding Employer and Borrowers
Chauncey Joseph Calvert, 34, Kansas City, Missouri, a former employee of Ameriquest Mortgage, pleaded guilty in connection with his role in a conspiracy to defraud Ameriquest and victim investors of more than $4 million. The indictment was returned by a federal grand jury on Aug. 13, 2004.
Calvert was an account executive at Ameriquest...
Monday, June 06, 2005
Three Missouri Men Plead Guilty in $6.3M Mortgage Fraud
False Information Submitted to Obtain Investor Loans
Three Missouri men plead guilty in connection with a mortgage fraud scheme involving loans of over $6.3M whereby they obtained loans for property ‘investors’ based on falsified information and documentation. Pleading guilty were: Jonathan Jennings, 33, Lee’s Summit, Missouri Nathan Brinkle, 30, Kansas City, Missouri Adam Kerr, 34, mortgage...
Friday, May 20, 2005
St. Louis Builder Convicted of Fraud
Thomas Diverted Funds Paid for Construction of Homes
After a 14-day trial, a St. Louis, Missouri federal jury found Jeffrey Thomas guilty of four counts of mail fraud, one count of wire fraud, two counts of money laundering and one count of bank fraud in connection with allegations arising from his construction of luxury homes. Thomas owned, operated or directed businesses for the construction...
Owner of Phoenix Title Indicted
Thurman Allegedly Diverted Almost $4M From Escrow Accounts
Phoenix Title (St. Charles, Missouri) owner James Andrew Thurman was indicted on eight counts of wire fraud and one count of bank fraud charges in connection with a $3.9 million mortgage fraud scheme. Phoenix Title shut down in April. 2005. The indictment alleges that, between March 2002 and January 2005, Thurman fraudulently transferred about...
Monday, May 02, 2005
Kansas City Appraiser Pleads Guilty in Massive Fraud Scheme
Thomas Involved in Multiple Schemes
A Kansas City, Missouri, man pleaded guilty in federal court to his role in a conspiracy to defraud home buyers and mortgage lenders of millions of dollars. Phillip D. Thomas, 49, appraiser, Kansas City, Missouri waived his right to a grand jury and pleaded guilty to three-count information, admitting to his role in a mortgage fraud conspiracy. ...
Friday, April 29, 2005
Charges Dropped Against Landwer
Money from Real Estate Transaction Returned
Charges were dropped against Charles Landwer Jr., 42, Bartlett, Missouri. Landwer was charged with theft and financial exploitation of an elderly person in connection with allegations that he failed to return $170,000 in real estate proceeds to a 77-year-old man. However, the money was forwarded to the man and the South Elgin bank that...
Monday, April 25, 2005
Mortgage Appraisal and Down Payment Scheme Results in Three Guilty Pleas
US DOJ - Press Release
Click here to read the Indictment
Click here to read the Plea Agreement of Carl Long
Click here to read the Plea Agreement of Mitchell Medlin
Click here to read the Plea Agreement of Anthony Long
Three Kansas City metropolitan men pleaded guilty in federal court to devising and executing a scheme to defraud home-buyers and mortgage lenders of millions of dollars. Anthony Long, 34, Blue Springs, Missouri, his father, Carl Edward Long, 55, Oak Grove, Missouri and Mitchell David Medlin, 43, Lee’s Summit, Missouri pleaded guilty to a federal...
Fraud Conviction Results in Suspension of Head Start Branch Director
Loscher on Administrative Leave While Agency Reviews Conviction
The executive director of the Overland, Missouri Branch of Head Start was been placed on administrative leave while agency officials investigation her conviction for fraud. In November 2004, Brenda S. Loscher pleaded guilty in Colorado in connection with allegations she defrauded her former mother-in-law of over $150,000 in 1999 in connection...
Tuesday, April 12, 2005
Sentence Imposed in St. Louis Mortgage Fraud Scheme
Schulte Sentenced to Prison and Ordered to Pay Restitution to Lenders
Charles R. Schulte, 57, St. Louis, Missouri, was sentenced to serve 19 months in federal prison followed by 3 years of supervised release and was ordered to pay $1,176,098.80 in restitution to 19 different lenders. Schulte plead guilty to one count of wire fraud on March 17, 2004. Click here to view a copy of the Judgment that breaks down the...
Tuesday, March 22, 2005
FHA Crackdown on False Social Security Numbers used for Mortgages
Illegal Immigrants can be Indicted or Deported
According to an article in Dos Mundos, illegal immigrants in Kansas City, Missouri who have used false social security numbers or employer identification numbers in order to qualify for federally backed mortgages are being indicted and deported. The federal attention is attributed to laws enacted in response to 9/11 require require financial...
Monday, March 07, 2005
Feds Investigate Capital Title Collapse
Escrow Shortfall Estimate $12M
The FBI and Postal Service are investigating the collapse of Capital Title Co. and interviewing former employees. The investigation by the Missouri Department of Insurance that began in December is continuing. First American Title Insurance Co. released new figures showing that escrow account shortages may reach $12 million, twice the projected...
Thursday, March 03, 2005
Drug Traffickers Engage in Mortgage Fraud
Long Prison Sentence in Missouri Drug Ring
Reginald Dinez Johnson, a/k/a Cedric Miller, 35, St. Louis, Missouri was sentenced to 24 years and 4 months on drug and fraud charges. His co-defendants, Carl Alexander, 39, Black Jack, Missouri, Terry Brown, 36, Brandon, St. Louis, Missouri, Edward Quentin Anderson, 36, St. Louis, Missouri and Patricia Alexander-Butler, 58, St. Louis, Missouri...
Friday, February 18, 2005
Appraiser Pleads Guilty in Connection with Mortgage Fraud
Peggy Jo Snodgrass Inflated Appraisals
Peggy Jo Snodgrass, 39, appraiser, Raytown, Missouri pleaded guilty to charges in connection with submission of fraudulent appraisals to lenders. Snodgrass admitted to causing mortgage companies to approve 75 loans totaling approximately $4.3M between June and November of 2000.
Monday, February 14, 2005
Three Indicted in Kansas City, Missouri Mortgage Fraud
New Charges Levied against Brent Michael Barber in Third Indictment
Brent Michael Barber has been charged with mortgage fraud for the third time in less than twelve months. The new indictment includes 66 felony counts of conspiracy and fraud. Also named were Robert Dale Beckley and Roderick Neil Criss. The indictment seeks forfeiture of approximately $4M in cash and real estate. Click here to view the...
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Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of 
