Michigan Man Charged In Deed Theft Of Elderly Co-Owners' Half Interest In Home

In Dearborn, Michigan, the Dearborn Press and Guide reports:

• Wayne County Prosecutor Kym L. Worthy charged John Matouk, 41, of Grosse Pointe Woods in connection with a case involving forgery, uttering and publishing, and false pretences over $20,000 [last week].

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• A release from Worthy's office indicated Matouk owned a half interest in property [...] in Dearborn with an elderly Oakland County couple. In February 2004, Matouk allegedly forged a quitclaim deed from the couple that fraudulently conveyed the entire property to his company LM Investments of Dearborn, LLC. Once the deed was executed, Matouk [...] allegedly obtained a mortgage on behalf of LM Investments of Dearborn in the amount of $650,000. He placed the proceeds of the mortgage in a bank account and appropriated the money for his own use. In September 2007 the couple discovered the fraudulent scheme and reported it to the authorities.

For the story, see Man charged in Dearborn land swindle case.

For story upsdate (10-27-08), see Man takes plea in real estate case.

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