Wayne James Carter, 47, Silver Spring, Maryland, has been federally indicted on charges of wire and mail fraud in connection with a $1.7 million mortgage fraud scheme. The indictment was returned on July 28, 2010, and unsealed in October, 2010. Carter had his initial appearance in U.S. District Court in Greenbelt, Maryland.
According to the 13 count indictment, Carter allegedly made false statements on loan documents as to his monthly income, outstanding judgments against him and lawsuits to which he was a party. Carter is also alleged to have represented that he was not obligated to pay child support, when in fact he was obligated to pay child support. The indictment alleges that based on Carter‘s false statements, lenders approved loans on five properties, totaling $1,794,675.80, which is the amount the government seeks to forfeit as the proceeds of the scheme.
Carter faces a maximum sentence of 20 years in prison and a fine of $250,000 on each count of mail and wire fraud.
An indictment is not a finding of guilt. An individual charged by indictment is presumed innocent unless and until proven guilty at some later criminal proceedings.
The indictment was announced by United States Attorney for the District of Maryland Rod J. Rosenstein and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
The Maryland Mortgage Fraud Task Force was established to unify the agencies that regulate and investigate mortgage fraud and promote the early detection, identification, prevention and prosecution of mortgage fraud schemes. This case, as well as other cases brought by members of the Task Force, demonstrates the commitment of law enforcement agencies to protect consumers from fraud and promote the integrity of the credit markets.