While on probation from a 2006 conviction for conspiracy to defraud HUD, Manjur Alam implemented another scheme to defraud mortgage-lending institutions. Between 2006 and 2008, he recruited and organized unqualified buyers to submit loan applications that included false representations, and submitted supporting documentation for the applicants that included false verifications of rent and false letters of credit. The buyers defaulted on the loans and the lenders eventually sold the properties for less than the original loan amounts. Continue Reading…
Archives For Kansas
Brian W. Harrison, 56, Great Bend, Kansas, a former loan officer for a bank in Great Bend, was sentenced to six months in prison followed by six months home detention for bank fraud. Harrison falsified credit and loan applications, promissory notes and security agreements without proper authority.
Brian W. Harrison, 56, Great Bend, Kansas, a former loan officer for a bank in Great Bend, pleaded guilty to a federal charge of bank fraud admitting that he falsified credit and loan applications, promissory notes and security agreements on behalf of a purported debtor without the debtor’s proper authority.
Matthew R. Shurts, 42, Beloit, Kansas, pleaded guilty to defrauding a bank for misrepresenting the extent of his collateral.
Manjur Alam, 47, Wichita, Kansas, was sentenced to six years in federal prison for a mortgage fraud scheme wherein he submitted false verification of rent and submitted a false letters of credit to lenders for nominal buyers.
Timothy P. Fitzgerald, 56, Leawood, Kansas, pleaded guilty in federal court to taking part in a fraud scheme wherein he falsified asset information to obtain a loan, which ultimately cost the Bank of Blue Valley more than $877,000.
Michael W. Yancey, 55, Olathe, Kansas, pleaded guilty to conspiring to make false statements on a loan application while he was working as a senior vice president of a bank in Overland Park, Kansas.
Trent K. LeDoux, 40, Holton, Kansas, a former Kansas state legislator, pleaded guilty to defrauding Farmers and Merchants Bank, Colby, Kansas, of more than $465,000, some of which he deposited in his campaign account.
Steven Pelz, 40, Wichita, Kansas, has been sentenced in a mortgage fraud case involving 6 other defendants.
Four defendants have been sentenced in a mortgage fraud case: Christopher Ginyard, 27, Wichita, Kansas, two years supervised release and $40,000 restitution; Henry Pearson, Jr., 29, Wichita, two years supervised release and $56,000 restitution; Henry Pearson, Sr., Wichita, two years supervised release and $55,180 restitution; and Bruce Dykes, 45, Wichita, two years supervised release and $14,872 restitution.