Investor Alleges Fraud In Federal Lawsuit

Dunn, North Carolina's The Daily Record reports that a Virginia woman filed an amended lawsuit last month in a North Carolina Federal Court alleging that a group of 12 area citizens including an attorney, a builder, a paralegal and a loan officer engaged in a mortgage scam that cost her thousands of dollars. She accused the group of selling her homes for more than the properties' fair market value, buying homes in her name without her knowledge, and taking kickbacks.

Those being sued are: law firm Spence and Spence P.A., attorney Robert Spence, employee Sylvia Pickard, paralegal Patsy Narron, investors Mark Lowery and Spencer Jenkins, loan officer Annetha Dunn, builders Elizabeth and Eldon Standridge, builders Gregory and Elizabeth Johnson, Rodney Taylor, Carol Daniels, and Fremont Investment and Loan.

There are no criminal indictments to date in this case; the Attorney General's Office has reportedly been notified.

To read more, see Mortgage Scam Alleged In Federal Lawsuit.

To see the full details of the allegations as set forth in the Federal lawsuit, see Complaint - Higgins vs. Spence & Spence, P.A., et al.
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