4 Indicted For Scheme To Defraud Mortgage Lender

admin —  March 9, 2009 — Leave a comment

Alfredia Machell Proctor, 31, Riverview, Floida, Michelle McKay, 45, Fort Myers, Florida, Patricia Gray, 66, Fort Myers, Florida, and Roy Denson, 38, Fort Myers, Florida, were indicted on charges of bank fraud and wire fraud. If convicted, each faces a maximum penalty of 30 years in federal prison. All four defendants were arrested and made their initial appearances in federal court in Ft. Myers. A $75,000 signature bond was set for each defendant.

According to the indictment, the defendants participated in a scheme to defraud IndyMac Bank by submitting a false mortgage application. Proctor, who worked for a mortgage company as a loan originator, prepared the false application. The application was designed so that McKay, who was buying a home at 237 Eugenia Avenue, Fort Myers, from Gray, could fraudulently obtain a loan for the full purchase price of the house. The mortgage application fraudulently inflated the purchase price of the house. It also fraudulently claimed that Denson was giving McKay gift money to be used as a down payment for the loan. As a result of the scheme, IndyMac Bank loaned McKay approximately $94,000 that she would not otherwise have been qualified to receive.

An indictment is merely a formal charge that a defendant has committed a violation of the federal criminal laws, and every defendant is presumed innocent until, and unless, proven guilty.

This case was investigated by the Florida Department of Law Enforcement, and it will be prosecuted by Assistant United States Attorneys Jesus M. Casas and David L.

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