Ohio Prosecutors Indict Franklin County Trio In Flipping Scam

The Columbus Dispatch reports that an indictment was unsealed in state court last week charging Mohamed A. "Mike" Mohamed (who acted as the buyer), Jeremy K. Virgin (who prepared the inflated appraisals), and Karen Axline (who was a clerk for a title agency who used forged documents to help Mohamed buy the property), with theft, forgery, money laundering and falsifying loan applications for their roles in an alleged flipping mortgage fraud scam. An organized-crime task force of Columbus police, prosecutors and the Ohio Attorney General's office brought the charges. For the details, see 3 indicted in mortgage scheme (Suspicions aroused by buyers who offered much more than some houses' asking prices).
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