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 Washington, Jr., and others to obtain home loans by fraudulently submitting false information to lenders.
In his plea, Brown admitted the crimes occurred while he owned Brown Insurance Agency and worked as an insurance broker in the Kansas City metropolitan area. Brown admitted he knowingly provided conspirators with false proof of insurance documents that were submitted to lenders. He also accepted premium payments from property owners for policies he never provided to them.
In one case in 2003, Brown participated in the purchase of a house in the 11100 block of 78th Street, Kansas City, Missouri. The conspirators prepared false claims that B&L Custom Development, one of the companies in which Washington had an interest, had performed renovation work on the house. As a result, B&L received a check for $27,952 in payment for renovation work that had not been performed as claimed.
In another case in 2003, Brown participated in making false claims that B&L Custom Development did renovation work on a house in the 44000 block of Virginia, Kansas City, Missouri. As a result, B&L received a check for $29,500 in payment for renovation work that had not been performed as claimed.
Wildor Washington Jr. is set for jury trial March 3, 2009.
Brown is set for sentencing Jan. 27, 2009. He faces a maximum penalty of 5 years in federal prison and a fine up to $250,000 on the conspiracy charge; and a maximum penalty of 20 years and a fine up to $250,000 on the wire fraud charge. Internal Revenue Service - Criminal Investigation Division, the US Secret Service and the Johnson County Sheriff’s Department worked on the case. Acting U.S. Attorney Marietta Parker is prosecuting.
mortgage fraud
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
F. Jeffrey Miller Update - October 20, 2009
A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.
Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied.
Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.
The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.
Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.
The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.
Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.
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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 
