NC Paralegal sentenced to prison for mortgage fraud.
NC Paralegal sentenced to prison and fined for her involvement in $6 million mortgage fraud. Cynthis Tiley Greer, of Clarendon, was a paralegal and notary at a unidentified Whiteville law firm. From roughly January 1998 until April 2004, the defendants and others devised a scheme to defraud home buyers, banks and other lenders to obtain money and property from home buyers and lenders, by materially false and fraudulent pretenses, the Justice Department said in October.
According to a Justice Department, Daniel Rooks, bought about four tracts of land in Whiteville, subdivided them, put trailers on them and sold them to low-income people in the area. Rooks lied about the cost of the property to the buyers, the payment amounts and his ability to secure loans, the Justice Department said. He would then take the buyers’ Social Security numbers and names, and turn them over to Williams, a mortgage broker, to finance the homes. Williams then falsified the loan applications and sent them for approval. When the first round of sales foreclosed because buyers couldn’t afford payments, Williams bought the properties and the scam started anew, the Justice Department said. Henry Clay Blake Jr., of Riegelwood was the appraiser involved in the scheme. They all received various sentences and probation.
by Wayne Faulkner: 343-2329
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Tags: Justice Dept., mortgage fraud, NC paralegal
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on Wednesday, January 6th, 2010 at 11:04 pm and is filed under Real Estate.
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