South Carolina Man Indicted For Defrauding Down Payment Assistance Program

admin —  July 27, 2009 — Leave a comment

Randal Antoine, 36, Columbia, South Carolina was named in a nine-count federal Indictment charging fraud and identity theft. The Indictment alleges that Antoine devised a scheme to defraud AmeriDream, Inc., a company that provided down payment assistance to first-time home buyers. The alleged scheme involved Antoine, posing as a mortgage loan originator, applying to Ameridream for funds on behalf of his purported clients. In some cases, Antoine used stolen identities and social security numbers of midlands residents to apply for the funding. Authorities contend that between February and September 2008, he falsely represented to Ameridream that 38 different loan closings would be taking place, causing AmeriDream to transfer approximately $328,000.00 to Antoine.

If convicted on all counts, Antoine faces a maximum possible penalty of 81 years in prison and a fine of $1,500,000.00.

The case was investigated by agents of the United States Secret Service and is assigned to Assistant United States Attorney Nathan S. Williams of the Columbia office for prosecution.

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