Tandy Hairston pleaded guilty to four felony counts of wire fraud and one felony count of conspiracy to commit mail and wire fraud and was sentenced to 64 months in prison and ordered to pay restitution of $2,424,857. Hairston owned and operated The Loan Store, dba Mid-Town Mortgage from 1998 to 2001 as a mortgage broker and mortgage bank. During that time, he made $21 million in loans using some form of fraud and caused losses of more than $2.5 million. Hairston also submitted false information to qualify for warehouse lines.
Mortgage and Fraud and the Law, Oh My!
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Hairston, St. Louis, MO
Thursday, July 08 2004 06:12
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2 comments
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Monday, May 05 2008 08:33
posted by Lasik
love the site
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Friday, March 07 2008 11:40
posted by travel to St Louis
hi , great post !
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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.
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