Rodney McGill and his wife Shalonda McGill, a Florida mortgage broker, have been sentenced to 20 and 10 years, respectively, and each was sentenced to 10 years probation, according to media reports. The couple is also responsible for jointly paying nearly $90,000 for investigative costs and almost $1.2 million in restitution fees. The McGills were convicted of running a mortgage fraud scheme that enticed victims to participate in a real estate investment “opportunity” but instead was an effort to rid the McGills of their mortgages.
Speicifcally, the McGills were sentenced to decades behind bars for engaging in an elaborate “flipping” fraud scheme in which the couple saddled investors in Martin and St. Lucie counties, Florida, with more than $1.15 million in fraudulent mortgage loans. In 2008, DIF and OFR investigators arrested Rodney McGill on charges of Racketeering, Mortgage Fraud and Grand Theft when it was discovered that he and his wife used their influence in the community to prey upon prospective investors.
As previously reported by Mortgage Fraud Blog, the McGills were convicted of mortgage fraud by a Martin County, Florida Jury, on July 23, 2009. During the seven day jury trial, it was proved that the McGills saddled investors with more than $1.15 million in mortgage loans by “flipping” properties in Martin and St. Lucie Counties and then selling the homes using fraudulent loan applications.
Additional investigations by DIF and OFR recently revealed that McGill continued to prey on innocent people despite being behind bars. In late December 2008, McGill allegedly made contact with a new victim to discuss financial assistance to refinance a church: the victim was led to believe that she would invest $40,000 with the promise of a $50,000 repayment within 10 days or less. The victim was unaware that McGill was talking to her from the Martin County Jail because he used a third party to make the phone calls. Because of his continued criminal activity, Rodney McGill was charged with Grand Theft on September 8, 2009, in an action unrelated to the sentencing.
“The McGills used their position in the community to take advantage of people who trusted them – and now they are paying the price,” said Florida CFO Alex Sink. “It is also shocking that Pastor McGill would continue his illegal activity from inside jail, and I commend our investigators’ continued work to expose this mortgage fraud.”
Anyone with new information about the McGill case is asked to contact DIF Detective Ted Padich at (561) 837-5635.