Probe Into Alleged Atlanta-Area Loan Modification Scammer Expands Into Missouri As St. Louis Pastor Loses Church, Day Care, Home To Foreclosure

In St. Louis, Missouri, KMOV-TV Channel 4 reports:

• A businessman who offers customers help with their mortgages, but fails to get the job done is under investigation by police in Dekalb County Georgia - and officials there say the investigation is expanding to more states, including Missouri.

• Rev. Glen Allen of North County called Fred Lee in early 2010 looking to rework the loan on his church, home, and daycare. Allen says he paid Lee's company nearly $9,000, but still lost everything to foreclosure on September 8th. "Fred Lee has cost me my life," said Allen. Allen says he met Lee at a large African American church in St. Louis, but declined to name the church. He says Allen was offering loan modifications to church members. Allen also said he should not pay his mortgage while the loan was being reworked.

• In Georgia DeKalb County, police say they are investigating up to 150 similiar stories, and so far they haven't located one customer who's had a successful loan modificiation with Fred Lee.(1) Lee's offices were raided by Dekalb County Police in early October. [...] If you have have dealth with Fred Lee let us know about your experience. Email Investigative Reporter Chris Nagus at cnagus@kmov.com.

For the story, see Businessman offers help with mortgages, fails to get job done.

(1) See DeKalb Cops, Feds Raid Suspected Loan Modification Scam Operation; Walk Off With Four Car Loads Of Records, Dozens Of Computers for more on Fred Lee.