3 Indicted for Multi-Faceted Mortgage Fraud Enterprise

admin —  February 26, 2010 — 1 Comment

Marcus Williams, 42, Kimberly Anderson, 39, and Scott Peters, 46, Colorado have been charged on suspicion of running an elaborate mortgage-fraud scheme under the auspices of Blackhawk Property Management.

According to the 23-count indictment, Williams, Anderson and Peters diverted money from home sellers or funding companies to Blackhawk Property Management, which functioned as a shell company. During the deals, the suspects allegedly falsified loan applications to deceive lenders; used false inspections to divert money into the company’s coffers; and, manipulated closing documents to skim money off real estate purchases.

Since becoming attorney general, my office has made investigating and prosecuting mortgage fraud cases one of our top priorities,” Colorado Attorney General John Suthers  said. “Mortgage fraud harms everyone involved in real estate transactions – lenders, buyers and sellers – by disrupting the home loan market, making credit less available and stealing from Coloradans looking to sell their homes. This indictment confirms that law enforcement will vigorously pursue mortgage fraud cases.”

According to the indictment, Williams, Anderson and Peters’ criminal enterprise engaged in mortgage fraud from April 2006 through September 2008. Each defendant faces at least three felony charges. Williams is suspected of violating the Colorado Organized Crime Control Act, a class-two felony.

Colorado Attorney General John Suthers made the announcement.

The Office of the Attorney General will prosecute Williams, Anderson and Peters in Denver County District Court.

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One response to 3 Indicted for Multi-Faceted Mortgage Fraud Enterprise

  1. Will any of the defendants face restitution of the money stolen along with sentencing?

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