Eric Kendall Taylor, 35, Lee's Summit , Missouri and his mother, Doris Taylor, 58, Kansas City, Missouri, were indicted in connection with an alleged mortgage scheme that resulted in 23 fraudulent loans totaling more that $5M. The scheme allegedly operated in Kansas City and Lee’s Summit, Missouri from the summer of 1999 through September 23, 2005. The 20 count grand jury indictment includes charges of conspiracy, scheme to defraud and fraud.

According to the indictment, Eric Taylor was in the business of investing in real estate in the Kansas City and Lee’s Summit areas of Missouri. Doris Taylor was a real estate broker, doing business as Doris J. Taylor Realty and she also invested in residential properties in Kansas City and Lee’s Summit, Missouri.

According to the indictment, the defendants would acquire residential properties after foreclosure at reduced prices and then solicit and induce individuals to purchase the real estate and obtain mortgages as straw borrowers. The defendants also purchased properties and obtained mortgage loans in their own names. The defendants caused inflated appraisals to be prepared and Eric Taylor allegedly prepared and submitted all manner of false supporting documents.

According to the indictment, Eric Taylor purchased false social security numbers, payroll stubs, employer identification numbers, W-2 forms, etc. from an individual identified in the indictment only as R.W. R.W. is also alleged to have agreed to verify false employment information. Eric Taylor is also alleged to have used the fictitious business names, T & M Management, T & M Enterprise and W & W Enterprise, to create false employment and income information, verification and documentation

Eric Taylor is further alleged to have created false second mortgages to C and K Co, a company that was under his control. He would then have loan proceeds disbursed to himself by representing that C & K Co. held mortgage liens on the properties.

The properties identified in the indictment are:

1904 E. 61st Terrace, Kansas City, Missouri

2448 Brooklyn, Kansas City, Missouri

6908 Brooklyn, Kansas City, Missouri

4016 South Benton, Kansas City, Missouri

3027 E. 32nd Street, Kansas City, Missouri

2903 SW 13th Street, Lee’s Summit, Missouri

109 E. Dartmouth, Kansas City, Missouri

3616 Wyandotte Street, Kansas City, Missouri

134 NE Wood Glen Lane, Lee’s Summit, Missouri

1900 E. 61st Terrace, Kansas City, Missouri

134 NE Wood Glen Lane, Lee’s Summit, Missouri

3827 Harrison, Kansas City, Missouri

2408 SW Winterview Circle, Lee’s Summit, Missouri