STRAW BUYER PLEADS GUILTY TO MORTGAGE FRAUD

By
Education & Training TN LIC# 290452 (retired)

Kevin Scott Wiebe Knowingly Submitted False Documents in Exchange for $5,000

U.S. Attorney’s Office March 14, 2012
  • Western District of Virginia (540) 857-2250
 
 

LYNCHBURG, VA—A local man who knowingly submitted false mortgage documents as part of a broader fraud pled guilty this morning in the United States District Court for the Western District of Virginia in Lynchburg to related charges.

Kevin Scott Wiebe, 28, of Lynchburg, Virginia, waived his right to be indicted and pled guilty to a one-count information charging him with misprision of a felony pertaining to bank fraud by obtaining a mortgage loan by submitting false information in loan documents.

“Mortgage fraud is a persistent problem that afflicts all regions of this country. Those of us who work in the Department of Justice are using every tool we have to prevent, prosecute, and punish these crimes,” United States Attorney Timothy J. Heaphy said today. “This office is committed to prosecuting mortgage fraud and pursuing justice and restitution for its victims.”

According to evidence presented by Assistant United States Attorney Charlene Day, Wiebe worked for Timothy Brooks and Adam Spruill as an office manager. Brooks and Spruill have previously pled guilty to operating a scheme to find credit worthy individuals, or straw buyers, to apply for property loans and/or construction loans. The straw buyers were instructed to falsify loan applications to purchase lots and to obtain construction loans.

Wiebe, knowing his actions were illegal, was a straw buyer for Brooks and Spruill and received a $5,000 “good faith” payment for obtaining a loan. In his loan documents, Wiebe falsified his monthly income, created and produced his own verification for rent, falsified his employment, and inflated his bank account information.

At sentencing, Wiebe faces a maximum possible penalty of three years in federal prison and/or a fine of up to $250,000.

The investigation of the case was conducted by the Federal Bureau of Investigation, the United States Postal Inspection Service, and the Internal Revenue Service. Assistant United States Attorneys Charlene Day and C. Patrick Hogeboom III are prosecuting the case for the United States.

source: FBI
Posted by



David Saks


 Earth


Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 

 

 


The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until c
onvicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site..
6. Http://activerain.trulia.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a licensed real estate broker in the State of Tennessee affiliated as an independent contractor with The Real Estate Mart Of Tennessee, Inc. 4040 North Watkins, Suite 4, Memphis,Tennessee 38127 Phone(901)357-4663.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

David and Tex “Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell.”

David Saks

Real Estate Crimes

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Tennessee Shelby County Memphis
Groups:
Realtors®
Crime
Tags:
real estate fraud

Spam prevention
Show All Comments
Rainmaker
447,867
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

What happened to the good old days when strawmen used to confine their activities to being characters in logical fallacies?

Mar 15, 2012 08:24 AM #1
Show All Comments
Rainmaker
1,447,069

David Saks

Wage War Against Real Estate Fraud !
*
*
*
Spam prevention

Additional Information