Colorado Feds Get Indictment In Alleged $4.5 Million Mortgage Fraud

The Rocky Mountain News reports that James S. Taylor, of Aurora, Colorado, has been indicted by a federal grand jury in Denver on 12 counts of bank fraud, fraud by wire, radio or TV, and money laundering. The charges against Taylor, made by the grand jury in February, involves the alleged fraudulent obtaining of over $4.5 million in residential home loans in Aurora, Littleton and Lakewood. According to the indictment, the following lenders were defrauded:

• First Franklin Financial Long Beach Mortgage Co., Fort Worth Mortgage, First National Bank of Arizona, Accredited Home Loans, Countrywide Home Loans, Express Capital Lending and Fremont Investment & Loan.

For the rest of the story, see Aurora man indicted in real estate fraud.

For indictment details, see Indictment - U.S.A. vs. Taylor.