Man Sentenced for Lying About Income and Occupancy in Loan Application

Allison Tussey —  December 18, 2013 — Leave a comment

Steven Pelz, 40, Wichita, Kansas, has been sentenced in a mortgage fraud case involving 6 other defendants.

The defendant was sentenced to two years federal probation. Pelz pleaded guilty to one count of wire fraud. In his plea, he admitted he was part of a scheme devised by co-defendant Manjur Alam to fraudulently obtain mortgage loans by falsifying loan applications and supporting documents.

On Aug. 22, 2007, Pelz caused First Home Loans to send a wire payment of $50,246 to Kansas Secured Title for the purchase of a property at 1044 S. Sedgwick, Wichita. On the loan application, Pelz and Alam made false statements including falsely representing Pelz’s income and falsely stating that Pelz planned to occupy the property.

Co-defendants are:

Manjur Alam, 46, Wichita, who pleaded guilty to one count of conspiracy to commit wire fraud and bank fraud, is set for sentencing Jan. 27.

Christopher Ginyard, 27, Wichita, who was sentenced to two years supervised release and $40,000.

Henry Pearson, Jr., 29, Wichita, who was sentenced to two years supervised release and $56,000 restitution.

Henry Pearson, Sr., Wichita, who was sentenced to two years supervised release and $55,180 restitution.

Bruce Dykes, 45, Wichita, who was sentenced to two years supervised release and $14,872 restitution.

Janice Young, 27, Wichita, who is awaiting sentencing.

U.S. Attorney Barry Grissom announced the sentence.

Grissom commended the Department of Housing and Urban Development, the Federal Housing Finance Agency – OIG, the Internal Revenue Service and Assistant U.S. Attorney Aaron Smith for their work on the case.

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Allison Tussey

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