Sixth Defendant Falls In Maryland-Based Equity Stripping Foreclosure Rescue Scheme; Worked As Loan Processor, Acted As Straw Buyer

From the U.S. Attorney's Office for the District of Maryland:

• Chandra Jones, age 31, of Lanham, Maryland, pleaded guilty today to conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, announced United States Attorney for the District of Maryland Rod J. Rosenstein.

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• As a result of this scheme, the total loss attributable to Chandra Jones, including the estimated losses to the mortgage lenders, is $4,189,283.86. [...] Chandra Jones, the daughter of co-defendants Jennifer and Clifford McCall, is the sixth defendant to plead guilty in the Metropolitan Money Store mortgage fraud scheme.(1)

For the U.S. Attorney's press release, see Vice President Of Financial Services Firm Pleads Guilty In Metropolitan Money Store Fraud Scheme (Responsible for Over $4 Million in Losses Under the Scheme).

Go here and Go here for other posts on the alleged Metropolitan Money Store foreclosure rescue scam.

(1) Jennifer McCall, age 47, of Ft. Washington, Maryland, a chief executive officer of Metropolitan Money Store and owner of JC and JC Investments LLC; Katisha Fordham, age 35, of Washington, D.C.,a loan processor at the Metropolitan Money Store; Richard Allison, age 37, of Camp Springs, Maryland, an attorney and employee of the U.S. Census Bureau; Clifford McCall, age 47, of Lanham, Maryland, president of Burroughs & Smythe Financial Services, Inc., based in Lanham and a director of the Fordham & Fordham Investment Group, Ltd., a foreclosure consulting and credit servicing business based in Lanham and Greenbelt, Maryland and Carlisha Dixon, age 31, of Hyattsville, Maryland, vice president and a director of Burroughs & Smythe Financial Services, Inc.; each pleaded guilty to the conspiracy and are facing a maximum sentencing of 30 years in prison. JoyJackson