Vernon David Williams, 58, former mortgage broker, Kansas City, Missiouri plead guilty to conspiracy and fraud in connection with allegations that he conspired with Brent Michael Barber, real estate entrepreneur, Belton, Missouri, to defraud mortgage lending companies.

In the guilty plea, Williams admitted that he was an employee of mortgage brokerage companies in the Kansas City area and his co-defendant, Barber, was involved in the business of buying and selling real estate, and did business as KC Properties and KC Securities LLC.

Between July 24, 2004, and September 16, 2004, according to the guilty plea, Williams and Barber conspired together to obtain money from two different mortgage lending companies, by means of material false and fraudulent representations and promises, and by the concealment of material facts. Williams and Barber prepared and submitted false and fraudulent loan applications and supporting documentation to the lenders and caused the borrowers to sign the false loan applications.

Barber is named as a defendant in three separate indictments and has pleaded not guilty in all of them. Click here to view former stories on the Barber indictments