Five Chicago Straw Buyers Charged In Mortgage Fraud

Daily Southtown reports that, in a Chicago, Illinois mortgage fraud investigation that resulted in charging reputed Gangster Disciples gang member Terry Faulkner with real estate ripoffs about six months ago, additional charges have been brought against five of his associates on Wednesday for fraud involving about $1.4 million of South Side home sales. The five were allegedly recruited by Faulkner as straw buyers to buy eight houses from him through the use of bogus loan applications and inflated property appraisals.

The five men charged include Keith Manning, Dartanyen Davis, and Christopher Faulkner, all convicted felons and reportedly also Faulkner's colleagues in the Gangster Disciples Gang. Also charged were Andre Blount and Elbert Simmons III. All were charged with loan fraud and forgery.

For more, see Police: Gang caught in real estate fraud (Cops 'follow the money' to five arrests).
.