Colorado AG Indicts Three In Alleged Fraud Scheme Designed To Rip Off Home Sellers, Lenders

From the Office of the Colorado Attorney General:

• Colorado Attorney General John Suthers announced [] that the Statewide Grand Jury has indicted Marcus Williams [], Kimberly Anderson [] and Scott Peters [] on suspicion of running an elaborate mortgage-fraud scheme under the auspices of Blackhawk Property Management. According to the 23-count indictment, Williams, Anderson and Peters diverted money from home sellers or funding companies to Blackhawk Property Management, which functioned as a shell company. During the deals, the suspects allegedly falsified loan applications to deceive lenders; used false inspections to divert money into the company’s coffers; and, manipulated closing documents to skim money off real estate purchases.

For the Colorado AG press release, see Attorney General announced indictment of three Coloradans involved in a complex, Denver-area mortgage fraud enterprise.