Monday, July 02, 2007

Virginia Man Indicted in $1 Million Mortgage Fraud Scheme

Anthony T. Harrelson, 29, of Midlothian, Virginia, was indicted by a federal grand jury on nine counts of bank fraud and one count of money laundering arising from two separate schemes to defraud federally-insured financial institutions. 

According to court documents, in the first scheme beginning in September 2006, it is alleged that Harrelson used the equity in his $270,000 residence in Midlothian, Virginia, to secure home equity loans from eight separate federally-insured financial institutions.  In each loan application, Harrelson failed to disclose that he was applying for multiple lines of credit from other financial institutions.  At the closing on each loan, Harrelson certified that there were no other liens or encumbrances upon the property.

As a result of this scheme, Harrelson obtained equity lines of credit from each financial institution in amounts ranging from $115,000 to $165,000.  After the loans closed, Harrelson deposited cashier’s checks from each financial institution into a money market account at the Bank of Richmond, for a total deposit of $1,002,516.64.

The alleged total intended losses as a result of this scheme involving People’s Bank, BB&T, First Citizens Bank, Provident Bank, Union Bank and Trust, Central Virginia Bank, Bank of America, Wachovia Bank, and Millenium Bank were approximately $1,137,516.04.

The indictment also alleges that in May 10, 2007, Harrelson caused the filing of a fraudulent gift deed in Chesterfield County, Virginia, which purported to gift real property located in Midlothian, Virginia, to himself.  It is alleged that the owner of the property did not know and did not gift deed his real property to Harrelson.  In addition, the gift deed bore the notarization of a notary public, whose name does not appear in the Commonwealth’s registry of notary publics.

mortgage fraud

1. I’m really happy to see that some people are getting punished for defrauding people. It’s amazing how prolific fraud is in this industry. I left my last company because they were flat out lying to people about what type of loan program they were getting into. Amazingly, people still signed the documents when they didn’t match what the person thought he/she was getting. Sometimes they’d call the office and the Loan Officer’s would tell them to just disregard any discrepancies, that they would be resolved later. I’m in Irvine, California and have seen this happening everywhere.

   My only concern is these small-time crooks, of which there are thousands, are too small for the government to fry. I guess we’ll see what happens.

   John Crenshaw

   Posted by  on  07/02  at  12:33 PM

2. Oh, he is going to fry. I know this person and the wife he left in the process. He is where he belongs. He is the greediest, most arrogent person I have ever met. This person failed to appear for his court date and commited numerous other crimes not even listed here. I’ve heard through the grapevine that he will be sentenced sometime mid-November. Can’t wait to hear the outcome. Hope to stay posted.

   Posted by  on  09/26  at  02:23 PM

3. I understand Mr. Crenshaw’s concern, and and am pleased to report that Mr. Harrelson was convicted to 66 months in Federal Prison in Butner NC and 4 years probation under his parents roof on March 7, 2008. After attempting to plead insanity the sentencing scheduled in November was continued until this time. It’s really is a shame the statutory maximum for at least one of the counts could not have been exercised. While the term is a disappointment, at least he is where he belongs and can not defraud others… at least for now…

   Posted by  on  03/12  at  01:14 PM

4. I knew anthony. never liked him. no one did. We all put up with him. When I heard about this it didnt susprize me. Glad to hear he didnt get away with it! but once again. he’s daddy will be taking care of him. Like he aways has and will.

   Posted by  on  06/13  at  10:09 AM

5. Does anyone know the latest on this particular case?

   Posted by  on  01/12  at  10:16 AM

6. Like Father, Like son.  How bout them apples Gene?

   Posted by  on  03/26  at  07:10 AM

7. YO GENE!!!!  Lumpit!

   Posted by  on  03/26  at  07:14 AM

8. does anyone know how I can get in touch with Gene?  My wife Janine always liked him, & we’re full time swingers now that I got chased out of the caster business(there was nobody left for me to sue!).

   Posted by  on  03/26  at  07:44 AM

9. I just heard this, & it breaks my heart.  Anthony & I were lovers for 5 years(me: Catcher, Anthony: Pitcher) & I always wondered why he stopped returning my phone calls & video messages(XXX).  Do you think I could buy his customer list, cheap?

   Posted by  on  03/26  at  07:49 AM

10. well greg I am sure he will be taken care of where he is and he probable won’t be the pusher.

    Posted by  on  04/15  at  03:22 PM

11. How bout them apples you white trash of a family!!

    Posted by  on  07/11  at  04:52 AM

Post a Comment Name: Email: Location: Smileys Remember my personal information Notify me of follow-up comments? Submit the word you see below: The trackback URL for this entry is: Trackbacks: Previous entry: Search posts: Advanced Search --> Enter your Email Preview | Powered by FeedBlitz

Today's News

Some Sources require Registration.   Marco Island Man Arrested in Ohio on Grand Theft Charge Naples News A man who claimed he was a broker is accused of bilking a long-time family friend out of more than $130,000. Failed Mortgage Firm Trustee Allowed $50,000 in Fees Union Leader U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CL&M Inc. Bend Oregon Event to Help Homeowners Prevent Foreclosures Oregon.Gov As part of an ongoing effort to help homeowners avoid foreclosure, state agencies are organizing a foreclosure-prevention event in Bend on Saturday, March 27, 2010. Shelbyville Man Gets 2-Year Sentence For Loan Fraud Chattanoogan.Com Prosecutor Gary Humble said the lost was approximately $2.3 million in the mortgage fraud involving hundreds of homes in the Shelbyville area. Lend America, VP Ashley Banned from FHA Housing Wire Michael Ashley, the embattled former vice president of Federal Housing Administration (FHA)-backed mortgage originator Lend America, and the company he worked for, were permanently banned from doing business in the industry last week. Countrywide Tries to Pin Blame on Insurer Court House News Countrywide Home Loans demands $111 million from Triad Guaranty Insurance, claiming Triad is trying to blame mortgage lenders for the insurer's role in the housing bubble and collapse. Investors Say They Were Swindled in Property Scheme Fox 13 Now Utah Division of Consumer Protection is joining forces with a few investors who claim they have been cheated by an agency called "Utah Mini Ranches. Greenfield Man Accused of Housing Scam The Republic A former real estate agent conned at least eight people by renting them properties actually owned by a federal agency and then running off with their deposits, prosecutors said. Appraisal Institute Opposes Obama Administration's Plan for Homeowner 'Short Sales' PR News Wire Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage "short sales" of homes. Ownership Rights to Get Another Look TBO.Com State lawmakers may beef up protections of property owners' rights by rewriting a law this spring that is at the center of a case of alleged fraud in Pasco County. Previous Articles

TRIAL COVERAGE

Trial coverage provided by Anne Mitchell, Crazy Fish Realty. Follow Anne on Twitter. Thursday, February 18, 2010 F. Jeffrey Miller Trial - 1 Convicted, 3 Acquitted The jury deliberated for approximately 3 days after receiving their jury instructions. They asked one question: Does ‘common sense' allow us to deduce what the banks may or may not been influenced by in order to make a loan? Judge Julie Robinson responded by admonishing the jurors to read all of the instructions. The jury presented its' verdict... Read More... Thursday, February 18, 2010 F. Jeffrey Miller Trial Continued Testimony As reported by Anne Mitchell, who viewed the trial: Angela Parenza worked for Jeff Miller as the office manager for 7 or 8 years beginning in 1998. Parenza was indicted along with Miller and pled guilty to conspiracy to commit bank fraud and money laundering. Parenza testified that Miller or his contractors allegedly preferred to build all the... Read More... Wednesday, February 10, 2010 F. Jeffrey Miller Trial Coverage Continued - Witness Testimony Steve Middleton Testimony - Coverage Provided by Anne Mitchell The Government continued in its cross examination of Steve Middleton. He was shown several HUD-1 statements involving sales of homes located in Overland Park, KS, and Olathe, KS. The HUD statements each allegedly showed line items of payments to (James) Moser & Associates, LLC's... Read More... Monday, February 01, 2010 F. Jeffrey Miller Trial Coverage - Continued Witness Examination According to Anne Mitchell, who is present in court for the trial: Next Witness: Kelly Sanford Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in... Read More... Wednesday, January 27, 2010 F. Jeffrey Miller Trial - Prosecution Witnesses Continued According to Anne Mitchell, who is viewing the trial: January 13, 2010 Witness: Rick Hayes Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John... Read More... More Trial Coverage

What's Your Opinion?

ORDER NOW!!

Blog Roll

All Foreclosure Information and Resources Housing Storm Calculated Risk Mortgage Lender Implode-O-Meter Home Gain Blog Rain City Guide Real Estate Tomato Blood Hound Blog Appraiser Active Fraud, Phishing and Financial Misdeeds The Collar - US News and World Report Georgia Bankruptcy Blog Fighting Fraud Newsday Real LI Matrix