John D. Cash, aka Baba Ankh, aka Dr. Typhon.Ra, 45, formerly of Markham, Illinois, was arrested in Atlanta last week by federal authorities. The government seeks to extradite Cash to Chicago, Illinois where he has been indicted on 11 counts including wire fraud, mail fraud and bankruptcy fraud in connection with allegations that he ran a “foreclosure avoidance scheme.”
Cash claimed to represent Lake Shore Group Fund Inc. and advertised that he could stop foreclosures and that homeowners would own their homes outright within two years. According to the indictment, Cash claimed that he leveraged legal loopholes or deficiencies in mortgage documents in order to stop lenders from foreclosing and to reduce or eliminate the debt. For this service, Cash allegedly charged $3,500 plus monthly payments equal to the homeowner’s mortgage payment amount.
According to the indictment, Cash would file petitions for Chapter 13 bankruptcy relief on behalf of the homeowners, sometimes without their knowledge and sometimes on multiple occasions. These proceedings would temporarily stay the foreclosure.
Cash is alleged to have defrauded at least 30 people of approximately $200,000 from February 2002 to October 2004.


Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.