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40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas. The 16-count indictment was returned by a federal grand jury on March 10, 2010, and includes one count of conspiracy to commit mail and wire fraud, 12 counts of mail fraud, and three counts of money laundering.

The 40 defendants, from Texas, Florida, Massachusetts, Tennessee, and Georgia, are charged as follows:

  • John Barry, conspiracy, mail fraud, money laundering
  • Allyson Barry, conspiracy
  • Joy Beckner, conspiracy, mail fraud
  • Sheri Brower, conspiracy, mail fraud
  • Julie Hanley, conspiracy, mail fraud
  • Elaine Powers, conspiracy, mail fraud
  • Michelle Strickland, conspiracy
  • Shannon Jensen, conspiracy
  • Frank Field, conspiracy, mail fraud
  • Rita Hunter, conspiracy
  • Andrea Tannahill, conspiracy, mail fraud
  • Azza Bassiouny, conspiracy
  • Tim Dreslinski, conspiracy
  • Jared Gowans, conspiracy
  • Chris Howard, conspiracy, mail fraud
  • Kamilla Kirch, conspiracy
  • Patty Peery, conspiracy
  • Allison Ridgeway, conspiracy
  • Liz Smittle, conspiracy, mail fraud
  • Daniel Ayers, conspiracy, mail fraud
  • Debbie Fernie, conspiracy
  • Anthony Flores, conspiracy, mail fraud
  • Elizabeth Altizer, conspiracy, mail fraud
  • Pamela Ford, conspiracy, mail fraud
  • Joshua Melton, conspiracy
  • William Doug Mitchell, conspiracy, mail fraud
  • William Barry, conspiracy
  • Christopher Feagan, conspiracy, mail fraud
  • Debbie Friedman, conspiracy
  • Patrick Johnson, conspiracy
  • Travis Jones, conspiracy
  • Delisa Kearney, conspiracy, mail fraud, money laundering
  • Francis Kearney, conspiracy, mail fraud
  • Barbara Muzeni, conspiracy, mail fraud
  • David Muzeni, conspiracy, mail fraud, money laundering
  • Kathleen Muzeni, conspiracy
  • Brett Relander, conspiracy
  • David Sacco, conspiracy
  • Ellen Summers, conspiracy, mail fraud, money laundering
  • Clarence White, conspiracy

According to the indictment, beginning in 2004, John Barry, 41, Windemere, Florida, owned and operated, TKI Group, Inc. and JAB Consulting, businesses out of Florida through which he solicited real estate agents, property finders, mortgage brokers, title company attorneys or escrow officers, property appraisers, and straw buyers to facilitate this scheme. The purpose of the scheme was to defraud lending institutions by convincing them to approve mortgage loans for residential properties for which the property values had been fraudulently inflated.

The indictment specifically lists 114 residential properties located in Texas:

  • 1221 San Saba Court, Allen, Texas
  • 4500 Springhill Estates Drive, Allen, Texas
  • 518 Gunnison Drive, Arlington, Texas
  • 2513 Rolling Oaks, Cedar Hill, Texas
  • 500 Green Ridge Drive, Coppell, Texas
  • 3109 Blue Jay Drive, Corinth, Texas
  • 16551 Cypress Bridge Drive, Cypress, Texas
  • 7329 Elmridge Drive, Dallas, Texas
  • 5812 Encore Drive, Dallas, Texas
  • 14420 Overview Circle, Dallas, Texas
  • 7415 Spring Valley Road, Dallas, Texas
  • 4352 Voss Hills Place, Dallas, Texas
  • 5804 Willow Wood Lane, Dallas, Texas
  • 5212 Balmoral Lane, Flower Moun, Texas
  • 4609 Hampshire Drive, Flower Mound, Texas
  • 4704 Mariner Court, Flower Mound, Texas
  • 3100 Oak Crest Drive, Flower Mound, Texas
  • 4708 Seafarer Court, Flower Mound, Texas
  • 4716 Seafarer Court, Flower Mound, Texas
  • 8624 Canyon Crest, Fort Worth, Texas
  • 8417 Crosswind Drive, Fort Worth, Texas
  • 12261 Fairway Meadows Drive, Fort Worth, Texas
  • 12264 Fairway Meadows Drive, Fort Worth, Texas
  • 12300 Fairway Meadows Drive, Fort Worth, Texas
  • 12333 Fairway Meadows Drive, Fort Worth, Texas
  • 12336 Fairway Meadows Drive, Fort Worth, Texas
  • 12340 Fairway Meadows Drive, Fort Worth, Texas
  • 8812 Greenhaven Drive, Fort Worth, Texas
  • 9400 Harbour View Lane, Fort Worth, Texas
  • 12509 Indian Creek Drive, Fort Worth, Texas
  • 3940 Lakewood Heights Court, Fort Worth, Texas
  • 8644 Overland Drive, Fort Worth, Texas
  • 6100 Troon Road, Fort Worth, Texas
  • 2513 Wabash Avenue, Fort Worth, Texas
  • 8316 Waterfront Court, Fort Worth, Texas
  • 8533 Waterfront Court, Fort Worth, Texas
  • 3933 Westway Terrace, Fort Worth, Texas
  • 12008 Alexandria Drive, Frisco, Texas
  • 4 Englewood Court, Frisco, Texas
  • 1 La Costa Court, Frisco, Texas
  • 2370 Sleepy Hollow Trail, Frisco, Texas
  • 3814 Fairway, Granbury, Texas
  • 1717 Bison Meadows Lane, Heath, Texas
  • 210 Cedar Tree Lane, Heath, Texas
  • 524 Mariah Bay, Heath, Texas
  • 549 Mariah Bay, Heath, Texas
  • 2 Shepards Way, Heath, Texas
  • 900 Shadow Ridge Drive, Highland Village, Texas
  • 3305 Shadow Wood Circle, Highland Village, Texas
  • 801 Tree Haven Court, Highland Village, Texas
  • 17402 Cedar Placid Lane, Houston, Texas
  • 414 North Wilcrest Drive, Houston, Texas
  • 2148 Ravenwood Drive, Keller, Texas
  • 8700 Weston Lane, Lantana, Texas
  • 1873 Tucson Drive, Lewisville, Texas
  • 6004 Pinnacle Circle, Little Elm, Texas
  • 9403 Wayne Avenue, Lubbock, Texas
  • 11114 Autumn Mist Cove, Magnolia, Texas
  • 38122 Wind Song Trace, Magnolia, Texas
  • 6804 Boulder Lake Road, Mckinney, Texas
  • 2121 Brenham Drive, Mckinney, Texas
  • 5904 Cypress Court, Mckinney, Texas
  • 6908 Echo Canyon Drive, Mckinney, Texas
  • 6917 Echo Canyon Drive, Mckinney, Texas
  • 1509 Edgewood Drive, Mckinney, Texas
  • 5806 Edgewood Drive, Mckinney, Texas
  • 1612 Hastings Bluff, Mckinney, Texas
  • 812 Hills Creek Drive, Mckinney, Texas
  • 817 Hills Creek Drive, Mckinney, Texas
  • 822 Hills Creek Drive, Mckinney, Texas
  • 823 Hills Creek Drive, Mckinney, Texas
  • 900 Hills Creek Drive, Mckinney, Texas
  • 909 Hills Creek Drive, Mckinney, Texas
  • 911 Hills Creek Drive, Mckinney, Texas
  • 918 Hills Creek Drive, Mckinney, Texas
  • 931 Hills Creek Drive, Mckinney, Texas
  • 1207 Hills Creek Drive, Mckinney, Texas
  • 12200 Hills Creek Drive, Mckinney, Texas
  • 4905 Jamestown Lane, Mckinney, Texas
  • 7204 Millard Pond, Mckinney, Texas
  • 509 Old Course Circle, Mckinney, Texas
  • 7012 Old York Road, Mckinney, Texas
  • 7019 Old York Road, Mckinney, Texas
  • 7002 Oxford Court, Mckinney, Texas
  • 823 Parkwood Court, Mckinney, Texas
  • 826 Parkwood Court, Mckinney, Texas
  • 2105 Pebblebeach Place, Mckinney, Texas
  • 7111 Round Hill Road, Mckinney, Texas
  • 1208 Saddlebrook Drive, Mckinney, Texas
  • 12528 Saratoga Springs, Mckinney, Texas
  • 1917 Savannah Drive, Mckinney, Texas
  • 2021 Savannah Drive, Mckinney, Texas
  • 1112 Shady Oaks Circle, Mckinney, Texas
  • 5701 Spring Hill Drive, Mckinney, Texas
  • 5917 Spring Hill Drive, Mckinney, Texas
  • 2603 Sunny Meadows, Mckinney, Texas
  • 1991 Sunset Trail, Mckinney, Texas
  • 1603 Timber Edge Drive, Mckinney, Texas
  • 7003 Wellington Point Road, Mckinney, Texas
  • 7103 Wellington Point Road, Mckinney, Texas
  • 7110 Wellington Point Road, Mckinney, Texas
  • 508 Willow Springs Drive, Mckinney, Texas
  • 2012 Winchester Street, Mckinney, Texas
  • 1000 Windsor Creek, Mckinney, Texas
  • 4301 Kingsbury Drive, Plano, Texas
  • 3708 Watercrest Drive, Plano, Texas
  • 403 Hilltop, Roanoke, Texas
  • 930 Parkview Lane, Southlake, Texas
  • 6330 Borg Breakpoint Drive, Spring, Texas
  • 21014 Florette Lane, Spring, Texas
  • 78 Northgate Drive, The Woodlands, Texas
  • 86 Sunlit Grove Street, The Woodlands, Texas
  • 10135 Valley Drive South, Willis, Texas

In announcing the indictment, U.S. Attorney John M. Bales specifically noted the breadth of the financial scheme, “This indictment brings to light a criminal scheme that is quite breathtaking in its scope and beyond disturbing as far as the boldness of the fraud. The agents have done a remarkable job putting together this investigation and we look forward to presenting all of the evidence in court. Hopefully, others involved in mortgage fraud will be taking notice-we will be relentless in discovering, exposing and holding accountable those who have committed similar crimes.”

If convicted, the defendants face up to 20 years in federal prison for the conspiracy charge, up to 20 years in federal prison for each count of mail fraud charge, and up to 10 years in federal prison for each count of money laundering.

“Mortgage fraud creates so much harm to individuals, businesses and our economy, but today’s indictment is a strong reminder how serious our system considers this criminal activity,” said Erick Martinez, Assistant Special Agent in Charge, IRS-Criminal Investigation, Dallas, Texas Field office. “Those who line their pockets with profits from these schemes should know they will not go undetected and will be held accountable.”

“Evidence collected by the FBI to support today’s indictments proves that financial crime conspiracies, particularly mortgage fraud, still threaten our economic stability,” said Robert E. Casey, Jr., Special Agent in Charge of the FBI Office in Dallas. “This investigation illustrates the North Texas law enforcement community’s commitment to root out those who perpetrate mortgage fraud. Although increased prosecutions alone will not solve the mortgage crisis, we hope these prosecutions will help deter future fraud.”

This case is being investigated by the FBI and the Internal Revenue Service and is being prosecuted by Assistant U.S. Attorney Shamoil Shipchandler.

This law enforcement action is part of President Barack Obama’s Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.

An indictment is not evidence of guilt. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.