David Saks: TITLE OFFICERS INDICTED FOR DOCUMENT FRAUD

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

TITLE OFFICERS INDICTED FOR DOCUMENT FRAUD

First Robo-Signing Indictment Handed Down

Gary Trafford and Gerri Sheppard, both title officers, are the subject of a 606 count indictment for allegedly directing and supervising a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County, Nevada, Recorder's Office between 2005 and 2008. 

According to the indictment, defendant Gary Trafford, a California resident, is charged with 102 counts of offering false instruments for recording (category C felony); false certification on certain instruments (category D felony); and notarization of the signature of a person not in the presence of a notary public (a gross misdemeanor). 

The indictment charges defendant Gerri Sheppard, also a California resident, with 100 counts of offering false instruments for recording (category C felony); false certification on certain instruments (category D felony); and notarization of the signature of a person not in the presence of a notary public (a gross misdemeanor). 

The indictment alleges that both defendants directed the fraudulent notarization and filing of documents which were used to initiate foreclosure on local homeowners. 

The State alleges that these documents, referred to as Notices of Default, or "NODs", were prepared locally. 

The State alleges that the defendants directed employees under their supervision, to forge their names on foreclosure documents, then notarize the signatures they just forged, thereby fraudulently attesting that the defendants actually signed the documents, which was untrue and in violation of State law.  The defendants then allegedly directed the employees under their supervision to file the fraudulent documents with the Clark County Recorder's office, to be used to start foreclosures on homes throughout the County. 

The indictment alleges that these crimes were done in secret in order to avoid detection. The fraudulent NODs were allegedly forged locally to allow them to be filed at the Clark County Recorder's office on the same day they were prepared. 

District Court Judge Jennifer Togliatti has set bail in the amount of $500,000 for Sheppard and $500,000 for Trafford.  The case has been assigned to Department 5 District Court Judge Carolyn Ellsworth who will preside over the case.

Anyone who has information regarding this case is asked to contact the Attorney General's Office at 702-486-3777 in Las Vegas or 775-684-1180 in Carson City.

The Office of the Nevada Attorney General announced the indictment.

"The grand jury found probable cause that there was a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County Recorder's Office between 2005 and 2008,"said Chief Deputy Attorney General John Kelleher.

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Courtesy Mortgage Fraud Blog




David Saks



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Comment balloon 6 commentsDavid Saks • November 23 2011 01:54AM

Comments

amazing? Some people will never learn but hopefully these events will lead others to make better decisions

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) about 8 years ago

Well I wonder if the people at the top will get busted too, or just the mid level lackeys who needed work.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) about 8 years ago

David, with so much fraud, I'm wondering if the perp side will ever get the message that they can't win.

Posted by David Saks ((retired)) about 8 years ago

Time will tell, Gene. This looks like a pretty nasty case. Happy holidays....

Posted by David Saks ((retired)) about 8 years ago

why do people test the system? It is just a matter of time before the law catches up with them.

Posted by Ron T. Weems Jr., Managing the details one home at a time. (Weems Property Group | KW North Sound) about 8 years ago

Amazing that they are actually doing something about robo-signers. What pathetic individuals.

Posted by Pamela Seley, Residential Real Estate Agent serving SW RivCo CA (West Coast Realty Division) about 8 years ago

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