Kenneth Steward, 44, South Holland, Illinois, was arrested on federal charges alleging that he and six co-defendants participated in a $35 million mortgage fraud scheme involving more than 120 residential properties located primarily on the city’s south side. Steward who bought and sold homes and recruited others to act as residential purchasers, and his co-defendants allegedly
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Shamika M. Coleman, 33, Swansea, Illinois, was indicted for making a false statement on a loan or credit application, making a false statement during a renewal application for federal food stamp benefits, and making a false statement during a renewal for federal housing benefits.
The indictment alleges that Shamika M. Coleman under reported her income and bank deposits
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Francis Alan Schmitz, also known as “F. Alan Schmitz,”58, Long Grove, Illinois, was arrested on federal charges alleging that he fraudulently obtained a $2.85 million bank line of credit year resulting in a loss of approximately $2.4 million. The defendant, Francis Alan Schmitz, a former bank executive, allegedly provided false financial information in seeking bank funds
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