Tuesday, November 20, 2007

Two Sentenced For Selling Elderly Couple's Home Out From Under Them

In Louisville, Kentucky, The Courier-Journal reports:
  • Two of the four people involved in a scheme to sell a Cherokee Triangle home they did not own have been sentenced in U.S. District Court. Freddie Johnson, 39, and Marilyn Rainey, 60, both of Chicago, had pleaded guilty to aggravated identity theft and mail fraud in connection with two fraudulent loans on the home of Russell and Sally Riggs ... last November. The group managed to sell the Riggses' home -- without the couple's knowledge -- twice within a week. The Riggses have lived in the century-old home since 1966. Johnson was sentenced to more than six years in prison, and Rainey received more than two years in prison, according to U.S. Attorney David Huber's office.

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  • Russell Riggs, who is retired from a large law firm, and his wife were able to clear up the property's deed with the help of a few legal associates who contacted him after the story was in the local media.

For more, see 2 sentenced in home-selling scheme.