Participants Sentenced For Roles In Reverse Mortgage Scam Conspiracy That Targeted Elderly Victims

From the Office of the U.S. Attorney (Atlanta, Georgia):

• A group of mortgage fraud conspirators have been sentenced to prison [...] in federal district court on multiple charges relating to a “reverse mortgage” scheme targeting the elderly.



• KELSEY TORREY HULL, 39, of Lithonia, Georgia; JONATHAN ALFRED KIMPSON, 28, of Lithonia, Georgia; JAMES MICHAEL GREEN, 44, of Lilburn, Georgia; HERBERT BUSH, 31, of Atlanta, Georgia; WILBUR “SONNY” LETAK, 44, of Atlanta, Georgia; KEVIN CLAUDE BARNETT, 28, of Atlanta, Georgia; were all sentenced for their roles in the scheme.(1)



• United States Attorney Sally Quillian Yates said, “HUD’s Home Equity Conversion Program was designed to enable seniors to buy a home or to stay in a home at a time in their lives when it may be very difficult for them to obtain a conventional loan. These defendants took money out of the hands of the elderly and then put them in houses worth only a fraction of the amounts represented. This case represents yet another variation of mortgage fraud we are combatting through investigation and prosecution.

For the U.S. Attorney press release, see Fraudsters Sentenced To Prison For "Reverse Mortgage" Scheme.

(1) The sentencing fallout follows:

• HULL was sentenced to 151 months in prison to be followed by 6 months of home confinement and 5 years of supervised release,
• KIMPSON was sentenced to 102 months in prison to be followed by 6 months of home confinement and 5 years of supervised release,
• GREEN was sentenced to 37 months in prison to be followed by 6 months of home confinement and 5 years of supervised release,
• BUSH was sentenced to 37 months in prison to be followed by 6 months of home confinement and 5 years of supervised release,
• LETAK was sentenced to 30 months in prison to be followed by 6 months of home confinement and 5 years of supervised release,
• BARNETT was sentenced to five years of probation.

The defendants pleaded guilty to the charges in separate hearings between June 2010 and August 2011. Another co-defendant in the case, GIA JOY GLASSE-HARRIS, 28, of Atlanta, Georgia, was sentenced on November 3, 2011 to 2 years, 7 months in prison and 6 months of home confinement to be followed by 3 years of supervised release, and was ordered to pay $174,000 in restitution.