Cleveland-Area Straw Buyer Among 8 Indicted In Alleged Cuyahoga Mortgage Scam

In Cuyahoga County, Ohio, The News Herald reports:

• A Wickliffe man is one of eight people indicted this week for mortgage offenses involving seven houses located in Cleveland, Cleveland Heights, Lyndhurst, Moreland Hills and Pepper Pike. The homes totaled approximately $3 million in fraudulent loans. Roy Williams Jr., 59, is scheduled to be arraigned Nov. 4 in Cuyahoga County Common Pleas Court for his alleged role in the scheme. According to the indictment, Williams was a “straw buyer” who falsified his assets, income and bank account information.

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• Williams has been charged with engaging in a pattern of corrupt activity, conspiracy, theft by deception, telecommunications fraud, securing records by deception, forgery and receiving stolen property.

For more, see Wickliffe man indicted in mortgage fraud scheme.

See also, Cuyahoga County Prosecutor press release: Eight Individuals, Six Companies Indicted for Mortgage Fraud.