Kym Salisha Saloman, 43, Richmond, Virginia, pled guilty to a criminal information charging wire fraud and aggravated identity theft. The charges against Saloman stem from her employment as a contract underwriter for GE Mortgage Contract Services, Inc. (GEMCSI). In early 2005, Saloman began working as a loan underwriter for mortgage lender Ivanhoe Financial, Inc.
In March 2005, Saloman orchestrated a fake mortgage loan transaction on her own residence located in the West End of Richmond, Virginia. Saloman used two sets of aliases, social security numbers and dates of birth, to act as both the buyer and the seller on the transaction. Saloman unlawfully used social security numbers on both ends of the transaction that belonged to other people. The unauthorized use of these numbers was the basis for her plea to aggravated identity theft. As a result of the scheme, Ivanhoe Financial wired $299,640.76 to Saloman as proceeds of the sale, believing her to be a legitimate seller of the property.
Once the transaction was detected by Ivanhoe Financial, Saloman attempted to fake her own death in an effort to escape liability. Employees at Ivanhoe received a call falsely indicating that Saloman had been involved in a serious car accident. In a subsequent call, the employees were falsely informed that Saloman had died from her injuries.
Saloman faces up to 20 years of imprisonment and a fine of up to $250,000 on the wire fraud count, as well as a mandatory, consecutive term of two years of imprisonment for aggravated identity theft when sentenced by United District Judge Richard L. Williams on August 23, 2006.
I first attempted to purchase a new home from a builder UDC, 1) they stated we could only purchase from them, a) then declined the loan based upon the claim that my wife had not worked long enough b) [later taking a business law class discovered that their claim was fraudulent were the victim of housing discrimination. We then purchased a used home [as is] from bank of america [$35,000 over market value. The initial loan was for 125% over that amount [ when I discuss withe the mortage company my intent of using the extra money to pay make advanced payments on my loan [the orginial we signed papers on was not processed. Instead after the 125% program was curtailed, then our loan was processed. It had no provision for, mitigation or others terms in case of foreclosure [basically and "Indian giver" loan], the loan was guaranteed by the VA at 8.5% when most loans were 6% or less. After loss of job and death in family we attempted to refinance loan, but house were upside down having loss the extra $ 35,000 we overpaid to begin with. 1) we discovered that the home was structurally damaged and were part of a lawsuit to recover damages, 2) the VA sent letters stating these options [to negotiate with lender ] were supposed to have been in the underwriting, which the second mortgage company denied existed. 3) , we were then the victims of foreclosure fraud
4) the housing association informed our neighbors that they guaranteed the their houses would go up in value after they got rid of us and our house 50 the lawyers for the housing association gave instruction on how to conceal the damages to the homes to new buyers so that would not have to disclose the defects.
sure enough after the forclosure went through the houses went up 500%, the VA was informed of the housing fraud, so was legal aid, etc, so was the court
I think I’m owed $550,000 times 2 and filed a suit with the international criminal court, where these issueses were addressed among others and that is what led to the housing bubble burst.
I demand my money, because, lenders, agents, brokers, lawyers, builders, banks etc, conspired to engage in money laundering at the expense of myself and family and neither law nor courts, nor courts or anyone else cuased any relief