Tennessee Announces Results of Operation Stolen Dreams

Allison Tussey —  July 7, 2010 — 1 Comment

Operation Stolen Dreams cases in the Western District of Tennessee included:

United States vs. Chuckwunenye Amaefule

Amaefule, 27, was sentenced to 27 months in prison and ordered to pay $260,000 in restitution on June 1, 2010 after pleading guilty to a two count wire and mail fraud Information. According to the Information,

Operation Stolen Dreams cases in the Western District of Tennessee included:

United States vs. Chuckwunenye Amaefule

Amaefule, 27, was sentenced to 27 months in prison and ordered to pay $260,000 in restitution on June 1, 2010 after pleading guilty to a two count wire and mail fraud Information. According to the Information, Amaefule was a loan officer at Sun Mortgage in Memphis, TN, and was in the practice of buying residential property and then selling the same property for a significantly inflated amount shortly thereafter to straw buyers.

Between May and July 2008, Amaefule devised a scheme to obtain money by false pretenses from mortgage lenders by buying a particular property with a fictitious straw buyer’s name. Amaefule obtained the stolen identity information of an individual and then without that individual’s knowledge, Amaefule opened a bank account using the individual’s personal identifiers. Amaefule also obtained a fraudulent Tennessee Driver’s license using the individual’s information and created a Verification of Bank Deposit Form to falsely reflect an inflated amount on deposit in the bank account. Amaefule would then use this information to assist his fictitious straw buyer in obtaining a loan and then distribute the proceeds to himself.

The U.S. Postal Inspection Service and the Economic Crimes Division of Memphis Police Department investigated the case. This case was prosecuted by Assistant United States Attorney  Stephen Hall.

United States vs. Cheryl Jordan

Jordan, 60, pled guilty on April 28, 2010 to one count of an Information charging her with wire fraud. According to the Information and the facts set forth at Jordan’s plea hearing, Jordan was a real estate agent employed by Crye-Leike. Seeking to purchase a new home but without sufficient income to purchase the home she wanted, Jordan devised a scheme to obtain money by false pretenses from Magna Bank by submitting fraudulent tax documents stating incomes substantially higher than her actual incomes. After initially lying to investigators about the tax documents, Jordan later confessed that the documents were fraudulent and were prepared by a friend based on fraudulent information she provided to him.

Relying on the false documents submitted in Jordan‘s loan application, Magna Bank provided a mortgage loan. Shortly after the closing, Magna Bank became aware of the fraud, called the loan due because of the fraud, and ultimately had to foreclose upon the house. Jordan will be sentenced on July 29, 2010.

The Federal Bureau of Investigation investigated the case.  This case was prosecuted by Assistant United States Attorney John Fabian.

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Allison Tussey

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One response to Tennessee Announces Results of Operation Stolen Dreams

  1. My question is regarding property sold by my parents in TN. It closed today. There was some suspicious behavior prior to the closing – including a person who viewed the property prior to closing who said he was the “supposed buyer” and asked to view the property, 3 times. The same person attemped to have an apprasial by scheduling a showing prior to closing. My suspicions were confirmed when I discovered our “cash” buyer knew the other man and had a contract with him to purchase at a much higher price. Our buyer was represented by his 70+ year old mother realtor who knows something of what he is doing but says she has nothing to do with it.
    Is there any way I can find out what is going on and if these “buyers” are commiting fraud?

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