Daryl W. Miller, St. Charles, Missouri, has been indicted on mail and wire fraud charges for selling two properties and then, after he no longer owned these properties, taking out a mortgage against one and selling the other for a second time.

According to the indictment, between June 2006 and March 2007, Miller owned commercial and residential properties in the St. Louis and St. Charles, Missouri areas. In July 2006, Miller deeded two properties, one in Maryland Heights and one in St. Charles, to the first purchaser. In August and December 2006,without disclosing that he had already sold these properties, Miller pledged one of the properties as collateral for a loan from NovaStar Mortgage, Inc., and sold the other for a second time to a purchaser who borrowed from Truman Bank to make the purchase.

Miller was indicted by a federal grand jury on two felony counts of wire fraud and one felony count of mail fraud. He has been arrested and has made his first appearance in federal court.

If convicted, each count carries a maximum penalty of 20 years in prison and/or fines up to $250,000.