Harold Joe Hicks, a church pastor, has been indicted by a Denver, Colorado Grand Jury. The 16-count indictment accuses Hicks of stealing tens of thousands of dollars through a mortgage fraud scheme. Hicks is charged with 8 counts of theft (F3 and F4) and 8 counts of forgery (F5).
The indictment alleges that Hicks, using surrogate buyers, facilitated the submission of mortgage loan applications with false information to secure loans at a lower interest rate. The indictment alleges that lenders lost at least $80,000 on loans for 8 properties that were based on applications with false information.
The indictment was returned December 17, 2008 and has been filed with the Court. An arrest warrant has now been issued for Hicks.
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.