Two Plead Guilty In Augusta Area "Cash Back" Fraud

Robert C. Thigpen and Erich J. Haskell pleaded guilty in an Augusta, Georgia Federal Court yesterday to a "cash back" scheme where HUD money was obtained and diverted to themselves and third party buyer Vance Johnson. The money was earmarked for repairs that were never done.

Reportedly, Augusta attorney William O. Key Jr. was in on the arrangement and served as the closing attorney on the fraudulent transactions. Mortgage fraud charges against him are currently pending.

To read more, see Two plead guilty to mortgage fraud, reported by The Augusta Chronicle.
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