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Massive Fraud in One City
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May 19, 2009
Three men and a woman have been accused of running a multimillion-dollar mortgage fraud scheme involving about 300 homes in one city.
Roger Dwight Ritch, 52, William Thomas McMahan, 52, Jonathan B. Henderson, 39, and Carrie Camerson Galvin Snow, 40, have been charged with bank fraud and money laundering in the $30 million alleged mortgage fraud scheme.
The defendants allegedly prepared false loan applications and falsified down payment, employment and income information in order to secure mortgage loans for homes being sold by American Value Homes.
Read story at Yahoo Finance
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