Missouri
Mortgage Fraud - Missouri
Monday, November 03, 2008
17 Indicted In Huge Scheme Involving 25 Properties
A real estate agent and two former loan officers in Lee’s Summit, Missouri, are among 17 defendants indicted by a federal grand jury for their roles in a $12.6 million mortgage fraud scheme that involved 25 residential properties in Lee’s Summit, Missouri, and Raymore, Missouri. The defendants include: Angela R. Clark, 40; James F. Simpson,...
Thursday, October 23, 2008
Broker Pleads Guilty In Home Loan Scam
Ronald E. Brown, Jr., 39, Kansas City, Missouri, has pleaded guilty to one count of conspiracy and one count of wire fraud for his role in a scheme to fraudulently obtain home loans, Acting U.S. Attorney Marietta Parker announced. In his plea, Brown admitted that from Feb. 6, 2003, through January 2004, he conspired with co-defendant Wildor...
Monday, October 06, 2008
Father, Son, Broker Indicted In Missouri Scam
William E. McKanry; his son, William C. McKanry and mortgage broker Paula Enders have been indicted on bank, wire and mail fraud charges involving the multimillion dollar sale of twelve properties. William C. McKanry owned, operated and managed USA Title, LLC; William C. McKanry and his father, William E. McKanry, owned, operated and managed USA...
Thursday, September 25, 2008
Zwego Gets 10 Years In Prison
Raymond Walter Zwego, Jr., 60, Kansas City, Missouri., was sentenced by U.S. Chief District Judge Fernando J. Gaitan, Jr., to 10 years in federal prison without parole. The court also ordered Zwego to pay $5,599,767 in restitution. The court also sentenced Zwego to three years in federal prison, to be served consecutively to the mortgage fraud...
Wednesday, September 24, 2008
Sentencing Continued For Kansas Man Involved in $25M Fraud
Lanny Ross, Leawood, Kansas, was set for sentencing on September 8, 2008. As previously reported by Mortgage Fraud Blog, Ross plead guilty earlier this year to one count of conspiracy for his role in a $25 million mortgage fraud scheme, although some of his codefendants are proceeding to trial. Ross filed an unopposed motion to continuing his...
Wednesday, September 17, 2008
Loan Officer Sentenced For $16M Mortgage Fraud Scheme
Monty J. Kinman, 27, Overland Park, Kansas, was sentenced by U.S. Chief District Judge Fernando J. Gaitan to two years and six months in federal prison without parole. The court also ordered Kinman to pay a $2,500 fine. Kinman was convicted at trial on November 7, 2007, for the mortgage fraud conspiracy as well as one count of wire fraud related...
Friday, September 12, 2008
Real Estate Investor Sentenced For $5M Mortgage Fraud Conspiracy
Eric Kendall Taylor, 37, Lee’s Summit, Missouri, was sentenced by U.S. District Judge Gary A. Fenner to five years and three months in federal prison without parole. The court also ordered Taylor to pay $1,418,844 in restitution. On August 25, 2006, Taylor pleaded guilty to conspiracy and to money laundering. Taylor was in the business of...
Friday, September 05, 2008
Title Officer Sentenced To 5 Years
Rick A. Peterson, 34, Lenexa, Kansas, was sentenced by U.S. Chief District Judge Fernando J. Gaitan on Thursday, August 28, 2008, to five years in federal prison without parole. The court also ordered Peterson to pay a $2,500 fine. On November 7, 2007, Peterson was convicted at trial for the mortgage fraud conspiracy as well as one count of wire...
Wednesday, August 27, 2008
Missouri Man Sentenced on Federal Bank Fraud Charges
John “Jack” Gorecki, St. Charles, Missouri, was sentenced to twenty-seven months in prison on bank fraud charges involving false loan applications submitted to financial institutions in the St. Louis area, United States Attorney Catherine L. Hanaway and St. Charles County Prosecuting Attorney Jack Banas announced. Gorecki owned several...
Thursday, July 17, 2008
Broker Gets 4 Years For Purchasing Homes Via Identity Theft
Kimberly M. Davis, 43, Lee’s Summit, Missouri, was sentenced by U.S. District Judge Dean Whipple to four years in federal prison without parole. The court also ordered Davis to pay $191,000 in restitution. As previously reported by Mortgage Fraud Blog, Davis pleaded guilty to a federal indictment charging her with using the names, Social Security...
Wednesday, July 16, 2008
Former President of First Bank Mortgage Indicted
Mark Turkcan, Kirkwood, Missouri, was charged in an 11 count indictment alleging fraudulent activities connected with his position at First Bank Mortgage, causing a loss of $35 million to a St. Louis Bank. According to the indictment, the losses began as early as 1987 when Turkcan, 55, was employed by Sheahan Financial, which, along with Clayton...
Tuesday, July 08, 2008
Mortgage Fraud Defendant Sentenced To Probation
Christopher Rakel, 29, St. Louis County, Missouri, has been sentenced to a term of 2 years probation, this term maybe terminated after 1 year if the defendant has complied with all conditions of probation. As previously reported by Mortgage Fraud Blog, Rakel pled guilty to fraud charges involving a far-ranging scheme to defraud banks and other...
Thursday, July 03, 2008
Missouri Announces Mortgage Fraud Indictments
In September 2006, James Sutton violated his probation from a 2005 sentence for mail fraud by purchasing more than 20 properties using his father’s social security number. As a result, Sutton pled guilty this spring to an additional felony charge of misuse of a social security number and was sentenced June 3, 2008 , to a term of 16 months in...
Thursday, June 12, 2008
Husband And Wife Plead Guilty To Identity Theft And Mortgage Fraud
Tyrone L. Davis , 40, and Stephanie E. Davis, 49, both of St. Joseph, Missouri, pleaded guilty before U.S. District Judge Dean Whipple to the charges contained in an October 3, 2007, federal indictment. The Davises are co-owners of Davis Custom Homes in St. Joseph, Missouri. Stephanie Davis also worked as a loan originator for Gateway Mortgage...
Tuesday, June 10, 2008
Missouri Man Pleads Guilty To Mortgaging Properties He Did Not Own
Daryl W. Miller, St. Charles, Missouri, pled guilty to one felony count of wire fraud for selling two properties and then, after he no longer owned these properties, taking out a mortgage against one and selling the other for a second time. The plea agreement currently remains under seal. According to the indictment, between June 2006 and March...
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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 
