Friday, September 14, 2007

Texas Man Convicted In Flipping Scam; Gets 25 Years

The Houston Chronicle reports:
  • A Sugar Land man who was convicted in what prosecutors say was a mortgage fraud scam was sentenced to 25 years in prison Thursday. Jurors on Tuesday convicted Fredrick Jordan Batts, 63, of engaging in criminal activity, a first-degree felony. He faced up to life in prison. Prosecutors said he was the head of a scheme involving the sale of 20 homes in Harris County and other Texas counties for more than $5 million over a six-month period in 2005.
Others charged in the scam are:
  • Viet Ba Nguyen and Mohammad Asaduddin (both pleaded guilty and received deferred adjudication),
  • Keith Lionell Wiltz (pleaded guilty, gets 8 years),
  • Cistie Johnnie Dixon, Meheret Mammo Woldie, Doris Chen Wang, and James Harold Evans Jr. (cases are pending).

For more, see Sugar Land man sentenced in mortgage fraud case (no longer available online).