David Saks: TWO FROM CALIFORNIA INDICTED FOR $8.5 MILLION MORTGAGE FRAUD IN MISSOURI

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TWO FROM CALIFORNIA INDICTED FOR $8.5 MILLION MORTGAGE FRAUD IN MISSOURI

2 Californians Indicted for Missouri Mortgage Fraud Scheme

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Robert Charles Ramirez, 37, Salinas, California, and William Troy Goings, 36, Sacramento, California, were charged in a 20-count indictment returned by a federal grand jury in Kansas City, Missouri, for their alleged roles in a mortgage fraud scheme that defrauded a Missouri bank of more than $8.5 million.

 

The indictment alleges that Ramirez and Goings defrauded American Sterling Bank, Sugar Creek, Missouri, in a mortgage fraud scheme that lasted from Oct. 11, 2006, to Jan. 18, 2007. American Sterling Bank was closed on April 17, 2009.

According to the indictment, Ramirez and Goings acted as finders for a California mortgage broker who owned Capital Pro Lending. They recruited borrowers and prepared loan applications for those borrowers. Ramirez and Goings allegedly submitted fraudulent loan applications and supporting documents that contained false information about the borrowers' income, assets and liabilities, and credit history.

American Sterling Bank approved loans totaling $8,587,893 for 19 properties in California, the indictment says. Ramirez allegedly received approximately $211,523; Goings received an unknown amount.

In addition to the conspiracy, Ramirez and Goings are charged together in 19 counts of bank fraud.

Beth Phillips, United States Attorney for the Western District of Missouri, announced the indictments.

Phillips cautioned that the charges contained in this indictment are simply accusations, and not evidence of guilt. Evidence supporting the charges must be presented to a federal trial jury, whose duty is to determine guilt or innocence.

This case is being prosecuted by Senior Litigation Counsel Linda Parker Marshall. It was investigated by the FBI and the FDIC, Office of Inspector General.

Courtesy Mortgage Fraud Blog




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Comment balloon 0 commentsDavid Saks • October 26 2011 12:43PM

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