Archives For North Carolina

Five of the eleven defendants charged in connection with a scheme involving straw buyers and the development of Seven Falls, a golf course and luxury residential community in Henderson County, North Carolina, have been sentenced to prison.

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James Tyson, Jr., 34, Charlotte, North Carolina, was sentenced by Senior U.S. District Judge Graham C. Mullen to 30 years in prison, Carrie Tyson, 61, Winterville, North Carolina, was sentenced to 18 years in prison, Victoria Hunt, 36, Rockville, Maryland, received 8 years in prison, and Vonetta Tyson Barnes, 41, Mililani, Hawaii, 30 days in prison, for their roles in mortgage and investment fraud schemes codenamed “Operation Wax House”.

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Shawn Davis, 44, Huntersville, North Carolina. and Darren Eugene Littles, 47, Charlotte, North Carolina, were sentenced to prison by U.S. District Judge Robert J. Conrad, Jr. for their role in a scheme involving more than $1 million in fraudulent loans.

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Michael T. Rand, 52, Sandy Springs, Georgia, was sentenced by U.S. District Judge Robert J. Conrad, Jr. to 120 months in prison and to three years of supervised release on conspiracy and obstruction of justice charges in connection with federal investigation into a seven-year accounting/sales fraud conspiracy at Beazer Homes USA, Inc.

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John Reid Perkins, 45, Charlotte, North Carolina, was sentenced by U.S. District Judge Max O. Cogburn, Jr. to serve 64 months in prison followed by three years of supervised release on securities fraud conspiracy charges and for violating the terms of his supervised release stemming from a previous federal conviction.

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Four defendants were sentenced on February 4, 2015, by U.S. District Judge Richard L. Voorhees for their involvement in a consumer and mortgage fraud conspiracy which resulted in multi-million dollar losses for consumers and federal agencies. Continue Reading…

Five defendants were sentenced in January 2015, for their roles in a mortgage fraud scheme involving straw buyers, kickbacks and bank bribery. Of the 91 individuals charged in Operation Wax House, eighty-nine defendants have either pleaded guilty or have been convicted following trial. The two remaining defendants are international fugitives.

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Michelle V. Mallard, 47, Charlotte, North Carolina, was sentenced by Chief U.S. District Judge Frank D. Whitney to serve ten years in prison followed by two years of supervised release on mortgage fraud and related charges. Mallard was one of 91 defendants charged in Operation Wax House.

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Jarrod Beddingfield, 38, Waxhaw, North Carolina, a former online mortgage broker employee, and Steve Rosene, 43, Newport Beach, California, Beddingfield‘s California-based mortgage broker conspirator, were sentenced by U.S. District Judge Robert J. Conrad, Jr. for their roles involving computer theft of mortgage leads from a nation-wide online mortgage broker. Continue Reading…

John Wayne Perry, Jr., 33, Charlotte, North Carolina, pleaded guilty on Monday, December 1, 2014, for his role as a promoter in a $75 million mortgage fraud racketeering conspiracy.

This conviction is the latest in Operation Wax House, an investigation which began in 2007 and has netted 91 defendants to date. Eighty-nine defendants charged have either pleaded guilty or have been convicted following a trial. Two remaining defendants are international fugitives. Continue Reading…