Man Admits Straw Buyer Scam and Agrees to Forfeit $6.2M

Allison Tussey —  December 23, 2011 — 4 Comments

Justin Lindle Hatton, a Utah resident, the owner of a real estate investment and management company, Malibu Equity Group Inc, pleaded guilty to a straw buyer scam.  Hatton also agreed to forfeit $6.2 million in connection with his role in the scam.

As previously reported by Mortgage Fraud Blog, Hatton has been charged with making false statements to a financial institution, making and subscribing a false tax return and aiding and abetting.

According to the plea agreement, Hatton falsely representing his employment, income, and his willingness and ability to service and repay a construction loan and line of credit to First Utah Bank. After obtaining the loan through First Utah Bank, Hatton failed to make payments on the loans as the terms required and caused First Utah Bank to suffer significant losses on both loan.

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Allison Tussey

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4 responses to Man Admits Straw Buyer Scam and Agrees to Forfeit $6.2M

  1. I know this guy as well. Tried screwing me on a construction loan but luckily the bank and FBI caught the forged signatures which weren’t mine.

  2. I’ve seen this guy with friends. He is a con. He lies to EVERYONE about EVERYTHING. He just broke off a relationship with a friend because she had no idea what a sketchy background he had. He fools everyone. If you know him, you’ve been fooled. If your husband is a friend of his, there’s a good chance your husband has cheated on you with his skanky friends.

  3. I know that bank and they let it happen.

  4. I know this guy. He completely screwed over his wife in the process. This report is not surprising. Very much in line with his character.

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