Arizona Feds Get 38 Count Indictment Against Alleged Mortgage Fraud Ring

The Arizona Republic is reporting that a 38 count indictment was handed up by a Phoenix federal grand jury charging twelve people with conspiracy, money laundering and fraud for their roles in an alleged mortgage fraud ring stretching from Arizona to Nevada to California.

The defendants are accused of using phony incomes, Social Security numbers, bank accounts and assets to get loans for upscale homes and luxury cars, defrauding lenders out of $8 million in the process. Those indicted are:

• Lutrell Maurice Sharpe, 39, (the alleged ringleader) , Charles Dozzell, 63, of California, and Arizona residents Alonzo Love, 33; Breanna Carmela Davis, 25; Misti Lenoir-Stewart, 28; and Autumn-Leigh Bruce, 24; Nevada residents Micah Bowens, 38; Jennifer Sue Sellers, 29; Marcus V. Dozzell, 33; Gina Marie Greco, 37; and Kristy Lynn Murdock, 28.

According to one official familiar with the case, the case began about 18 months ago with a tip about people borrowing huge amounts of money for homes and cars even though they had no jobs. For more, see Suspects indicted in loan scheme (12, including ex-con, tied to ring in 3 states).

For story update, see Mortgage Fraud Leaders Sentenced To Prison.