South Jersey Upfront Fee Foreclosure Rescue Operator Facing Felony Charges

In Mount Holly, New Jersey, the Burlington County Times reports:

• A judge ruled yesterday that a Mount Laurel businessman will face separate trials on charges that he stole $105,000 from customers and that he fraudulently obtained $250,000 from insurance and risk-management companies. Peter Rogers, 64, of St. David Drive committed the crimes as president of Express Consolidation Refinance & Mortgage Consultation Inc. of Cinnaminson and Moorestown, prosecutors said.

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• As president of Express Consolidation, Rogers contacted individuals whose properties were in foreclosure and offered to help them save their homes through renegotiating, refinancing and reassignment of mortgages, prosecutors said. Rogers was paid between $400 and $3,700 by each homeowner but did not do any work, prosecutors said. As a result, the victims either lost their homes or declared bankruptcy, prosecutors said.
  Fifty-five of the 77 victims were Burlington County residents, prosecutors said.

• Rogers will face charges of theft by deception, forgery and securing execution of documents by deception in the trial involving the alleged theft from his customers.

The case is being handled by the Burlington County Prosecutor's Office in Mount Holly.

For more, see Judge says businessman will face two trials (Of the 77 alleged victims, 36 lost their homes, 28 declared bankruptcy, one turned his property over to Rogers and a few were able to save their homes).

See also, Two trials ordered in Mount Laurel fraud case.

Go here for story updates on this case.