5 comments

• Comment Link Wednesday, June 13 2007 13:22 posted by k.ducey

  columbo: I hear you!
  
  I appreciate the kind words as well.
  
  I have nothing to worry about. I have plenty of support & a great attorney.
  
  It sucks that it's gonna cost me in order to pull me out of something that I should have never been pulled into.
• Comment Link Saturday, June 09 2007 05:10 posted by columbo

  k.ducey-and for that I'm sorry you're being judged and your business affected. It's gonna be a bumpy ride. The industry is looking for small-time martyrs at this point to avoid and delay the prosecution of the REAL criminals-the gov't.
  
  You see, since your business and that of hundreds if not thousands like you as well has tanked due to fallout and frivolous prosecutions, FHA recently has reported a massive increase in their loan applications and are considering 100% loans...
  
  Isn't this what got us where we're at NOW?
• Comment Link Friday, June 08 2007 02:08 posted by k. ducey

  “Real estate fraud and conspiracy to commit it make investigation time consuming and difficult."
  
  Yeah this is because they really can't be sure who to point the finger at.
  
  Columbo: The charges stem from a loan I originated back in 2005. I received two checks for $2000 each ($4000 total) from the escrow company in regard to this loan. After they terminated the escrow agent , near the end of 2005, they found inconsistencies in many of the escrow agent's files, apparently also in this particular loan I received the checks on. The borrower said the checks were unauthorized and they came after me. I hadn't heard anything about this particular loan until about a month ago. As I said, I'm fully innocent, the title company is expected to do a better job of overlooking it's files and employees rather than allow false accusations like mine to occur.
  
  and you're absolutely right, this crap running in the local newspaper is like a death sentence regardless if I'm exonerated or not. People are already judging me and I doubt I'll be able to originate many if any loans again.
• Comment Link Thursday, June 07 2007 20:25 posted by columbo

  So you were paid commission out of a fraudulently used account over a period of 2 years.
  
  This account being discovered after the individual was terminated... and an arrest warrant was issued for you and "more to come" ...?
  
  Now that's pretty heavy...
  
  SO if that's the case, is every LO/Bank officer/broker/etc going to have arrest warrants issued when someone else misuses their authority at a title co?
  
  The mere mention of mortgage fraud or "there was an arrest warrant issued for.." in some towns can be the absolute death of an impeccable career...
  
  It is imperative that local, state and federal authorities work in conjuntion with each other before passing judgment on the innocent and honest persons that are left to clean up the mess of these fools anyway...
• Comment Link Thursday, June 07 2007 13:22 posted by k. ducey

  I'm innocent. When the facts are presented, I will be fully exonerated.
  
  If the checks I received were erroneous I would imagine the title company would contact me directly and let me know. But these checks were disbursed over 2 years ago and now I'm being accused of stealing them. Ridiculous. I was part of no scheme, just an honest guy trying to make an honest living.
  
  Yes I surrendered myself and then the warrant was recalled and I was released on my own recognizance. They only tell you want they want to tell you.