Missouri
Mortgage Fraud - Missouri
Thursday, November 08, 2007
Shields and Her Husband Acquitted
Katheryn Shields, former Jackson County Executive, and her husband, Phillip Cardarella were acquitted following a two week trial. The verdict forms for Shields and Cardarella indicate they were found not guilty of count 1, conspiracy to commit wire fraud, and count 12, wire fraud. As previously reported by Mortgage Fraud Blog, Shields and her husband were among those indicted by a federal grand jury for conspiracy and wire fraud for their role in a scheme to engage in mortgage fraud. A day after being indicted, Katheryn Shields filed …
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Tuesday, November 06, 2007
Missouri Broker Indicted for Defrauding Lenders
Christopher Rakel, 29, St. Louis County, Missouri, was charged in a two-count indictment alleging a far-ranging scheme to defraud banks and other mortgage lenders and money laundering. According to the indictment, Rakel, a mortgage broker with Tri-State Mortgage, facilitated the purchase of dozens of fraudulent real estate transactions, primarily in South St. Louis, Missouri, during 2005 and 2006. Rakel would prepare fraudulent loan applications and other documents to assist buyers in obtaining millions of dollars in financing they could not otherwise obtain. The indictment alleges the mortgage fraud scheme involved dozens …
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Friday, November 02, 2007
Mortgage Fraud Conspiracy Ring Leader Pleads Guilty
Raymond Walter Zwego, Jr., 59, Kansas City, Missouri, pled guilty to all of the charges contained in a January 4, 2007, federal indictment. Zwego owns and operates Xpress Car Sales, Xpress Car Rental, North Mission Investments, Cobalt Blue, LLC, and Indigo Blue in North Kansas City. Zwego admitted that, from early September through November 17, 2006, he participated in a conspiracy to defraud Fieldstone Mortgage Corporation. Zwego, the organizer and leader of the mortgage fraud scheme, also pleaded guilty to 11 counts of wire fraud. Zwego admitted that …
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Tuesday, September 25, 2007
2 Plead Guilty to Federal Mortgage Fraud Charges
Floyd Irons and John Mineo, Jr., a Missouri restaurant operator, pled guilty to wire and mail fraud charges in connection with a million dollar mortgage fraud scheme.
“These defendants both allowed greed to tarnish successful and noteworthy careers. Now, they are facing lengthy prison sentences and the prospect of spending many years paying back this ill-gotten money,” said U.S. Attorney Catherine Hanaway. Both defendants have agreed to cooperate in this ongoing investigation. As part of his plea agreement, Irons has agreed to provide complete and truthful information and assistance to the …
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Tuesday, August 21, 2007
Jury finds Ex-City Councilwoman Guilty
Saundra McFadden-Weaver was convicted by a federal jury in Kansas City, Missouri, of conspiracy and wire fraud for her role in a $400,000 mortgage fraud scheme. As previously reported by Mortgage Fraud Blog, The indictment alleges that McFadden-Weaver, Emmanuel Kind and Ricky Hamilton participated in a conspiracy to defraud mortgage lenders. The co-defendants agreed that McFadden-Weaver would obtain a loan to purchase a home at 301 S.E. Hackamore, Lee’s Summit, Missouri, where Kind would reside and pay the mortgage and other expenses. McFadden-Weaver sought to obtain loans …
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Thursday, August 16, 2007
Loan Officer Indicted for $25M Missouri Fraud Scheme
Judy Brumble, loan officer and ostensible real estate agent, was charged in a superceding indictment for her role in a 25 million dollar mortgage fraud scheme. Brumble is now the 9th defendant in the pending action. Those already indicted on May 17, 2006, include:
F. Jeffrey Miller, Real Estate Developer in Lee’s Summit, Missouri;
Steve Middleton, real estate agent;
Todd Earnshaw, loan officer/real estate agent;
Brian Rouse, loan officer:
Angela Parenza, co-conspirator;
Elizabeth Hessel, co-conspirator;
…
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Tuesday, August 14, 2007
Mortgage Fraud Trial Begins In Missouri
Trial began in the highly-publicized case involving Saundra McFadden-Weaver, ex-Kansas City, Missouri, councilwoman. The opening statements centered around the defendant’s misrepresentation as to occupancy of the Lee Summit, Missouri, residence and McFadden-Weaver‘s general state of mind during the 2005 loan transaction. As previously reported by Mortgage Fraud Blog, The indictment alleges that McFadden-Weaver, Emmanuel Kind and Ricky Hamilton participated in a conspiracy to defraud mortgage lenders. The co-defendants agreed that McFadden-Weaver would obtain a loan to purchase a home at 301 S.E. Hackamore, Lee’s Summit, Missouri, where Kind …
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Wednesday, August 08, 2007
Missouri Man Pleads Guilty to Mortgage Fraud Scheme
Ricky L. Hamilton, 52, Grandview, Missouri, pled guilty to a scheme involving a Kansas City, Missouri, City Councilwoman Saundra McFadden-Weaver. Hamilton was among three co-defendants indicted by a federal grand jury for conspiracy and wire fraud for their role in a scheme to engage in mortgage fraud. As previously reported by Mortgage Fraud Blog, Saundra A. McFadden-Weaver, 47, Emanuel M. Kind, 51, both of Kansas City, Missouri, and Hamilton were charged in a seven-count indictment returned by a federal grand jury in Kansas City. McFadden-Weaver was a …
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Monday, July 30, 2007
Missouri Mortgage Broker Indicted for Fraud
Kimberly M. Davis, 42, Lee’s Summit, Missouri, was charged in a 14-count indictment returned by a federal grand jury in Kansas City, Missouri. The federal indictment alleges that Davis used the names, Social Security numbers and birth dates of three separate victims, without their permission, to purchase two homes in Lee’s Summit. Davis is charged with eight counts of wire fraud, one count of mail fraud and five counts of aggravated identity theft. According to the Indictment, Davis worked as a mortgage broker at firms in Liberty and Gladstone, Missouri, from November …
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Friday, July 27, 2007
Missouri Woman Pleads Guilty to Mortgage Fraud
Ida Mathis, 52, Kansas City, Missouri, pled guilty to charges contained in a federal indictment admitting that she and co-defendant Larry D. Wills, 50, who resides with her, defrauded New Century Mortgage by submitting several fraudulent documents with a $472,500 loan application to purchase property at 100 W. Bannister Road, Kansas City, Missouri. Wills pled guilty to the same charges earlier this year. Mathis represented to New Century Mortgage that she was employed by WB Enterprises, of which Wills is the sole owner and employee, and that her salary …
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Thursday, June 28, 2007
Another Defendant Pleads Guilty in Notorious Mortgage Fraud Case
Michael Rodd, 53, a real estate agent doing business as Heartland of America, Inc., Olathe, Kansas, plead guilty to conspiracy for his role in a mortgage fraud scheme most notably known to include the sale of former Jackson County, Missouri, Executive Katheryn Shields‘ house. By entering into the plea agreement, Rodd admits that he knowingly committed the offense, and is in fact guilty of the offense. The parties agreed that the facts constituting the offense are as follows: Beginning about early September 2006, and continuing through on or about November 17, 2006, …
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Tuesday, May 22, 2007
Two More Plead Guilty to Mortgage Fraud
James E. Coleman, 59, and James R. Rhoades, 48, Kansas City, Missouri, pleaded guilty in separate appearances to a federal indictment. The January 2007 indictment charges Coleman and Rhoades for their part in a mortgage fraud scheme in which each of the defendants conspired and agreed to obtain and retain (for personal use) money from Fieldstone Mortgage Corporation and Freedom Title Company by means of material false pretenses, misrepresentations and concealment of material facts. Coleman and Rhoades assisted in the preparation and submission of the fraudulent loan application and supporting …
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Wednesday, May 16, 2007
Appraiser Pleads Guilty to Missouri Mortgage Fraud
Jeremy Plagman, Kansas City, Missouri, plead guilty to a one-count indictment charging him in connection with a mortgage fraud scheme that also allegedly involved a mayorial candidate. Plagman initially entered a plea of not-guilty to the indictment that charged a total of 11 defendants in a mortgage fraud scheme.
Plagman was an appraiser, doing business as JET Appraisals, Lee’s Summit, Missouri. The indicment alleges that beginning in or about September 2006, and continuing through November 17, 2006, defendants conspired to obtain money and other benefits by the sale …
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Monday, May 14, 2007
Man Sentenced In $17.5 Million Mortgage Fraud Scheme
Jeffrey Tyler Wine, 28, Kansas City, MO, was sentenced in U.S. District Court to five years in federal prison without parole. The court also ordered Wine to pay $4,946,748 in restitution. The business owner was sentenced for a $17.5 million mortgage fraud scheme that involved 280 residential properties. Last year, Wine pleaded guilty to mortgage fraud conspiracy and money laundering. The defendant admitted that from November 2001 to May 2005, he conspired with others to defraud mortgage lenders by inducing them to loan victim-investors $17,558,440 to purchase 280 residential properties. Wine was in the …
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Thursday, May 10, 2007
Jury Convicts Broker For Fraudulent Scheme
Jason E. Branch, Sr., 42, Grandview, MO, was found guilty by a jury of conspiracy to commit mail fraud and wire fraud along with additional counts of mail fraud and money laundering. Branch was indicted on July 20, 2006. Branch solicited investors through sales seminars in Kansas City, Florida and Georgia, as well as through the Internet and by using independent mortgage companies or financial brokers to assist in the sale of loan products. Branch also solicited potential investors to one or more loan or investment products he offered, depending upon the …
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
