Thursday, May 25, 2006
Federal Escapee Sentenced in Georgia Mortgage Fraud
Wayne Sherrod Milton, 32, Stone Mountain, GA, was sentenced to 20 years and one month in federal prison followed by 3 years of supervised release and ordered to pay $319,856 in restitution. Milton plead guilty on October 21, 2005 to charges of escape from federal prison, conspiracy to commit mortgage fraud, grant fraud and aggravated assault on a Deputy US Marshal.
United States Attorney David E. Nahmias said, “This defendant is a dangerous con man and he deserves to be locked up for many years. This case is aggravated by many factors, including the continued mortgage fraud committed by a defendant already serving a mortgage fraud sentence, his escape from federal custody to commit additional crimes, and his aggravated assault on the Deputy US Marshal trying to arrest him. Also disturbing is the fact that this defendant, who pretended to hold a Bachelors of Theology and a Doctorate of Divinity from Georgia universities and pastored several churches, preyed upon those churches and other faith-based organizations in seven states by fraudulently collecting fees they could not afford to loose.”
According to United States Attorney Nahmias and the information presented in court: Milton unlawfully left the federal facility where he was serving time for mortgage fraud to attempt other crimes, including over $20 million in new mortgage fraud involving dozens of residential properties and a church.
According to the indictment on March 22, 2004, Milton caused a coconspirator to incorporate and obtain business licenses for a number of companies including Heritage Holding Corporation and Heritage International Business Group, Inc, with name change to Alpha Holding Corporation, Aaccess Real Estate Properties, LLC, Aaccess Financial Services LLC, Aaccess Insurance Agency, LLC, American Gospel Foundation, Inc., American Gospel Music Network, LLC, Apple Nail Publishing Company, Milton Holding Company, LLC and Pound 4 Pound Modeling Agency, Inc.
Aaccess Real Esate Properties (AREP), one of Milton‘s companies, offered up to $100,000 per yea to ‘rent the credit’ of real estate investors, representing that AREP was one of the nation’s fastest growing property investment companies which put up closing funds for its investor/borrows and managed the properties purchased until they were resold at a profit.
The indictment details one scenario where Milton has numerous telephone calls with a potential victim, offering the person between $30,000 and $50,000 at closing with Milton‘s company to manage the property and make all the mortgage payments until the property was sold with additional profit to the borrower. Milton told the potential borrower, who had income of $3,400 per month, that he qualified for the following loans, according to the indictment:
3900 Merriweather Wds, Alpharetta, Georgia $1,400,000
3906 Paces Ferry Road, Atlanta, Georgia $1,250,000
3234 Andrews Ct, Atlanta, Georgia $1,100,000
3211 Andrews Ct, Atlanta, Georgia $1,100,000
3189 Andrews Ct, Atlanta, Georgia $1,100,000
2192 Broadfield Run, Duluth, Georgia $1,700,000
615 Simmons St., Atlanta, Georgia $159,000
Lots in Antioch Heights, Macon, Georgia $42,000
According to the indictment, Milton attempted to obtain mortgages on the following properties in the name of this potential borrower, with documents bearing his forged signature:
1310 Bernard Street, Atlanta, Georgia
3249 & 3257 Renault Drive, Atlanta, Georgia
399 Belgrade Drive, Atlanta, Georgia
1873 Thompson Street, East Point, Georgia
273 Barfield Avenue, Atlanta, Georgia
1000 Jefferson Street, East Point, Georgia
441 Holderness Street, Atlanta, Georgia
571 Magnolia Street, Atlanta, Georgia
2021 Woodham Way, Atlanta, Georgia
301 Wadley Street, Atlanta, Georgia
2217 Gunstock Drive, Stone Mountain, Georgia
5027 Brownville Road, Power Springs, Georgia
1062 Camilla, Atlanta, Georgia
2358 St. James, Atlanta, Georgia
710 Emily Pl, Atlanta, Georgia
2377 Greenway, Decatur, Georgia
1348 Eason, Atlanta, Georgia
1805 Charleston, Atlanta, Georgia
3669 Clevmont Way, Fulton County, Georgia
2235 Burroughs Avenue, Atlanta, Georgia
671 Rose Street, Atlanta, Georgia
Milton also is alleged to have created pay stubs falsely reflecting that at least four potential borrowers were employed by Center of Faith Church in Decatur, Georgia to allow the potential borrowers to qualify for mortgage loans, including for a loan at 304 Primo Court, Ellenwood, Georgia.
He is further accused of having submitted a proposal to purchase a church at 3936 Rainbow Drive, Decatur, Georgia for $1.6 Million and to have obtained a credit approval letter from Citizens Mortgage Corp for a $2 million mortgage loan on the property based on false qualifying information.
While a federal fugitive, Milton also traveled around Georgia and to other states to defraud churches and other faith-based organizations in Florida, Alabama, North Carolina, South Carolina, Connecticut, and Illinois by promising to deliver over $200 million in grant funding in exchange for “administrative fees.” Milton “delivered” a number of $25 million counterfeit cashiers checks, while using the money collected from the charitable organizations for personal use including travel with his girlfriend to attend the Stella Awards in California.
When located by the US Marshal Service in Pelham, Georgia, Milton tried to run over a Deputy U.S. Marshal with his car while fleeing at speeds up to 100 mph through downtown Pelham, around farmyards, down dirt roads and across a cotton field where he was finally apprehended.
mortgage fraud
Incredible, Rachel ! Milton wins the “Bogus Slimeball of the Century” award !
Posted by on 03/24 at 08:21 PM
Wayne Milton ada Abundant Life Misistries in Albany Ga in 1997-2000
I win a court order as he was bilking people (senior) out of their money and was on TV n the Albany Ga area. I have not received any money to this date. the court judment was 3,051 dollars.. Hope I can fnd him somda and take care of HIM. LOL I hope he rots in prison.
Posted by on 06/08 at 12:46 PM
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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 
