Ricky L. Hamilton, 52, Grandview, Missouri, pled guilty to a scheme involving a Kansas City, Missouri, City Councilwoman Saundra McFadden-Weaver. Hamilton was among three co-defendants indicted by a federal grand jury for conspiracy and wire fraud for their role in a scheme to engage in mortgage fraud.
As previously reported by Mortgage Fraud Blog, Saundra A. McFadden-Weaver, 47, Emanuel M. Kind, 51, both of Kansas City, Missouri, and Hamilton were charged in a seven-count indictment returned by a federal grand jury in Kansas City. McFadden-Weaver was a member of the Kansas City Council. Hamilton was a mortgage broker at Trinity Mortgage.
The indictment alleges that McFadden-Weaver, Kind and Hamilton participated in a conspiracy to defraud mortgage lenders. The co-defendants agreed that McFadden-Weaver would obtain a loan to purchase a home at 301 S.E. Hackamore, Lee’s Summit, Missouri, where Kind would reside and pay the mortgage and other expenses. McFadden-Weaver sought to obtain loans in excess of the listed sale price of the property in order to use the excess funds to rehabilitate a property at 2518 Benton Blvd., Kansas City, Missouri.
Hamilton agreed to broker the loan for McFadden-Weaver knowing that she did not intend to live in the Lee’s Summit residence and would have no responsibility for the property.
As part of the conspiracy, co-conspirators prepared material false and fraudulent and misleading loan applications and documents in support of the loan applications, which were submitted to MILA, a mortgage lending company with its principal office in Mountlake Terrace, Washington. MILA approved the loans, based upon that false information, including Settlement Statements, Occupancy Declarations, and other supporting documents.
Ricky L. Hamilton is a big criminal who commit the crime of fraudulent. But now he is in the custody of police. Government should give him a strict decision as prison of fourteen years.
___________________________________
jerry