If you do a Google search of “mortgage fraud” you get 938,000 hits. Wow!
Ricky L. Hamilton, 52, Grandview, Missouri, pled guilty to a scheme involving a Kansas City, Missouri, City Councilwoman Saundra McFadden-Weaver. Hamilton was among three co-defendants indicted by a federal grand jury for conspiracy and wire fraud for their role in a scheme to engage in mortgage fraud.
Michael James Brooker, 52, Fort Washington, Maryland, was sentenced to five years in prison followed by three years of supervised release for conspiracy to commit identity theft and obstruction of justice. The District Court Judge also ordered Brooker to pay restitution of $78,597.10.
These are the kinds of stories out there, and there are far too many, so be careful. Probably the best site for reading about mortgage fraud is mortgagefraudblog.com Be careful. It’s a jungle out there.
Last Updated on August 8, 2007 by Chuck Marunde
