Ex-NFL Lineman, Others, Charged In Mortgage Fraud Scheme

(orig. post 6-14-07; revised 6-19-07)
KHOU-TV Channel 11 in Houston, Texas is reporting that former Hoston Oiler defensive end Sean Jones has been indicted in a multimillion dollar mortgage fraud scheme, along with a number of others. The Channel 11 online report states:

• "Jones, Jerome Karam, 44, of Friendswood, TX, a real estate developer and licensed Texas lawyer, Tommy Jay Trammel, 44, and David Ranostaj, 40, both of Houston and former loan officers with Southwest Bank of Texas, Bank of Houston and Whitney National Bank, and Jay Westrick, 44, of Houston, a real estate appraiser, have been charged in a 12 count indictment for their alleged involvement in a mortgage fraud scheme that allegedly reached every aspect of a real estate loan: seller, buyer/borrower, loan officer, appraiser, escrow officer, and title company."

For all the details, see Former Houston Oiler accused in fraud case.

See also, Former NFL star Sean Jones indicted on fraud charges.

For copy of grand jury indictment, see USA vs. Karam, Jones, et al.