Colorado AG indicts three in Denver-area mortgage fraud case – NMP Skip to main content

Colorado AG indicts three in Denver-area mortgage fraud case

Feb 24, 2010

Colorado Attorney General John Suthers announced that the Statewide Grand Jury has indicted Marcus Williams, Kimberly Anderson and Scott Peters on suspicion of running an elaborate mortgage fraud scheme under the auspices of Blackhawk Property Management. According to the 23-count indictment, Williams, Anderson and Peters diverted money from home sellers or funding companies to Blackhawk Property Management, which functioned as a shell company. During the deals, the suspects allegedly falsified loan applications to deceive lenders; used false inspections to divert money into the company’s coffers; and, manipulated closing documents to skim money off real estate purchases. “Since becoming attorney general, my office has made investigating and prosecuting mortgage fraud cases one of our top priorities,” Suthers said. “Mortgage fraud harms everyone involved in real estate transactions—lenders, buyers and sellers—by disrupting the home loan market, making credit less available and stealing from Coloradans looking to sell their homes. This indictment confirms that law enforcement will vigorously pursue mortgage fraud cases.” According to the indictment, Williams, Anderson and Peters’ criminal enterprise engaged in mortgage fraud from April 2006 through September 2008. Each defendant faces at least three felony charges. Williams is suspected of violating the Colorado Organized Crime Control Act, a class-two felony. The Office of the Attorney General will prosecute Williams, Anderson and Peters in Denver County District Court.  For more information, visit www.coloradoattorneygeneral.gov.
About the author
Published
Feb 24, 2010
Insuring The Risk To Lenders At Closing

Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses

CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place