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