Tuesday, April 15, 2008
Man Indicted For Mortgaging And Selling Properties He Did Not Own
Daryl W. Miller, St. Charles, Missouri, has been indicted on mail and wire fraud charges 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.
According to the indictment, between June 2006 and March 2007, Miller owned commercial and residential properties in the St. Louis and St. Charles, Missouri areas. In July 2006, Miller deeded two properties, one in Maryland Heights and one in St. Charles, to the first purchaser. In August and December 2006,without disclosing that he had already sold these properties, Miller pledged one of the properties as collateral for a loan from NovaStar Mortgage, Inc., and sold the other for a second time to a purchaser who borrowed from Truman Bank to make the purchase.
Miller was indicted by a federal grand jury on two felony counts of wire fraud and one felony count of mail fraud. He has been arrested and has made his first appearance in federal court.
If convicted, each count carries a maximum penalty of 20 years in prison and/or fines up to $250,000.
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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