Emzie Huletty, Jr., mortgage broker, Georgia, was sentenced to two years in prison and ordered to pay over $226,000 in restitution. Huletty was indicted in August 2005 on six counts of wire fraud and three counts of money laundering in connection with allegations that he submitted false documents in connection with mortgage loans. He pleaded guilty to one count of wire fraud and one count of money laundering on March 24, 2006.
According to the indictment, Huletty owned Truth Financial Services, a mortgage brokerage. From August 18, 2000 through January 8, 2002, Huletty would cause false repair or improvement invoices to be delivered to closing. The invoices indicated that work had been done or improvements made on the property and that a company affiliated with Huletty was owed funds for the repair work. In fact, no work had been performed at the properties. At closing, funds would be disbursed to the companies. Invoices were submitted in loans where Truth Financial Services was involved and in loans where it was not involved.
The companies which he owned or controlled and to which the checks were made payable were: H&H Property Management, a company formed to buy and sell real estate, and Vision Services Inc., aka Vision Home Improvement Services, a company formed to handle accounting for Huletty‘s businesses.
Properties referred to in the indictment:
1613 Cynthia Drive, Midwest City, Oklahoma
535 S.W. 25th Street, Okalahoma City, Oklahoma
1316 N.W. 81st Street, Oklahoma City, Oklahoma
803 Hoyt Avenue, Oklahoma City, Oklahoma
636 N.W. 111th Street, Oklahoma City, Oklahoma
10815 Sunset Boulevard, Oklahoma City, Oklahoma