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

NationalMortgageProfessional.com
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.
Published
Feb 24, 2010
Forum Calls For More Inclusive Access to Homeownership

FHFA, policy experts, and journalists join NAR-Urban Institute discussion on accessibility and affordability challenges.

Regulation and Compliance
May 23, 2022
CRA Impact May Not Be As Profound As Feared

CFPB Director Rohit Chopra tells MBA conference changes shouldn’t be difficult

Regulation and Compliance
May 17, 2022
A UDAAP Expansion

The CFPB’s new memo about consumer complaints

Regulation and Compliance
May 17, 2022
Builders, Lenders Praise Biden Plan To Improve Housing Supply

'Housing Supply Action Plan' seeks to improve affordability by increasing housing inventory over the next five years.

Regulation and Compliance
May 17, 2022
Trigger Leads Could Be Outlawed In Mortgage Industry

N.Y. congressman says selling the information increases risk of fraud, ID theft.

Regulation and Compliance
May 17, 2022
Georgia Governor Signs New Mortgage Licensing Law

Lessens impact on hiring of out-of-state employees with criminal records

Regulation and Compliance
May 10, 2022