Three Cop Plea In Tennessee Straw Buyer Mortgage Scam Involving 22 Luxury Homes

In Nashville, Tennessee, The City Paper reports:

• Miles Jackson Black and Jeffrey Dunn Hathcock pleaded guilty [last week] in federal court to conspiracy to commit wire fraud and bank fraud, the Office of U.S. Attorney for the Middle District of Tennessee announced Tuesday. According to testimony at the plea hearing, Stafford, Black and Harold Hathcock — a third defendant scheduled for trial Sept. 16 — engaged in a mortgage fraud scheme that involved the purchase of approximately 22 luxury homes in Hendersonville and Gallatin by unqualified straw buyers.

• All of these mortgage loans ended in default and foreclosure, resulting in losses to mortgage lenders after foreclosure totaling approximately $ 2,214,700, the U.S. attorney’s office said.

For more, see Sumner County men plead guilty in mortgage fraud scheme.