twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Mortgage Fraud News | Fraud Statistics | Fraud Index | Fraud Blog
Mortgage broker, originator and banker criminal cases. Real estate flipping and appraisal fraud. Mortgage fraud prevention, studies and analysis.

P R E S S   R E L E A S E


July 29, 2011

Troy Woman Pleads Guilty to Multiple Fraud Offenses

A Troy, Illinois woman pled guilty in U.S. District Court in East St. Louis on June 29, 2011, for her role in a conspiracy to defraud the government and evade the payment of federal income taxes, along with food stamp fraud and mortgage fraud, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today.

Chamethele McKinney, 36, who was indicted by a federal grand jury on February 24, 2011, pled guilty to setting up nominee bank accounts and providing false information on mortgage documents to shelter her husband's business income from a $952,706 IRS tax lien. The indictment alleged that Chamethele McKinney participated in opening third-party bank accounts that were used to divert assets from McKinney Hauling to pay personal expenses and conceal the funds from the IRS. McKinney also pled guilty to purchasing a home in Maryville, IL, solely in her own name by misrepresenting her income and employment status, when in truth and in fact the income used to pay for the home was diverted from her husband's construction business. The home was featured in a Belleville News-Democrat article dated October 28, 2007, entitled "The McKinneys of Autumn Oaks: Living in a Dream Home." McKinney also pled guilty to obtaining $5,295 in federal food stamps by misrepresenting her household income.

The crime of conspiracy to commit tax evasion is punishable by up to five years in prison, a $250,000 fine, and not more than three years of supervised release upon release from prison. The crime of loan application fraud is punishable by up to 30 years in prison, a $1,000,000 fine, and not more than five years of supervised release upon release from prison. The crime of making a false statement in connection with an application for federal food stamp benefits is punishable by up to five years in prison, a $250,000 fine, and not more than three years of supervised release upon release from prison. However, the United States Sentencing Guidelines, as well as numerous statutory and factual matters, must be applied to the case and considered by the court during sentencing. Sentencing has been scheduled for November 18, 2011.

The investigation was conducted by agents from the Internal Revenue Service, the Illinois Department of Health Care and Human Services, and the Federal Bureau of Investigation. The case is being prosecuted by Assistant United States Attorneys Liam Coonan and Steven D. Weinhoeft.

Source: United States Attorney's Office for the Southern District of Illinois

Local Mortgage Fraud news
News about local mortgage fraud.

Logout forgot

Mortgage Fraud Statistics
Government and private data on volume of mortgage fraud activity.

Mortgage Fraud Index
Dollar and index amount by quarter and state.

Mortgage Fraud Litigation
Lawsuits and settlements invoving mortgage fraud by a lender insider. From 2007 through first-quarter 2013

Mortgage Fraud News
News stories about fraud committed against home lenders.

Mortgage Fraud Blog
Actions in mortgage fraud criminal and civil cases.

local mortgage fraud

mortgage fraud links

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders