Edward William Farley of Hoschton, Ga., was sentenced by United States District Judge Timothy C. Batten Sr. to serve 25 years in federal prison on charges of bank fraud and conspiracy involving mortgage fraud, a real estate investment Ponzi scheme with more than 100 victims, a check-kiting scheme and bankruptcy fraud. Walter Julius Hermann of Dunwoody, Ga., was also sentenced by Judge Batten to serve over two years in federal prison on charge of bank fraud involving real estate appraisals he submitted in the Farley mortgage fraud scheme.Read more

Edward William Farley of Hoschton, Ga., has pleaded guilty in federal district court to committing a mortgage fraud, a real estate investment “Ponzi” scam involving over 150 victims, a check-kiting scheme and a bankruptcy fraud. According to Acting United States Attorney Sally Quillian Yates and the information presented in court: Farley, a former mortgage broker, operated through “Creative Home Search,” “Southern Land Partners,” “Georgia Land Group,” and “Global Mortgage” in Dunwoody and Norcross, Ga., to defraud mortgage lenRead more