Jeremy Plagman, Kansas City, Missouri, plead guilty to a one-count indictment charging him in connection with a mortgage fraud scheme that also allegedly involved a mayorial candidate. Plagman initially entered a plea of not-guilty to the indictment that charged a total of 11 defendants in a mortgage fraud scheme.

Plagman was an appraiser, doing business as JET Appraisals, Lee’s Summit, Missouri. The indicment alleges that beginning in or about September 2006, and continuing through November 17, 2006, defendants conspired to obtain money and other benefits by the sale and purchase of a residence at an inflated price, and by obtaining mortgage loan proceeds from Fieldstone Mortgage Corporation and other mortgage lenders, and from Freedom Title Company, given in reliance on material false and fraudulent representations and promises, and by the concealment of material facts, for the personal financial and other benefit of the defendants. In his guilty plea, Plagman admitted that his role in the conspiracy was to provide an inflated appraisal for the property at 5034 Sunset Drive, Kansas City, Missouri, which was submitted to Fieldstone Mortgage by coconspirators to obtain loans to fund the purchase.