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Home > Blogs > Dayton Courts: Legal and crime news > Archives > 2009 > May > 12 > Entry
Two more plead guilty in mortgage fraud case
DAYTON — A Dayton father and son pleaded guilty Monday, May 11, to federal charges in connection with an extensive mortgage fraud scheme that affected 210 residential properties, including 205 in Montgomery County.
Edward McGee, 74, pleaded guilty to conspiracy to commit money laundering. Kenneth O. McGee, 49, pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud and money laundering, and one count of conspiracy to commit money laundering. The two appeared before U.S. District Judge Michael A. Barrett.
So far, five people have pleaded guilty to charges in the scheme, which investigators said took place between March 2002 and June 2008. All five are awaiting sentencing.
In court, both McGees admitted that they were part of the conspiracy that operated and controlled various mortgage and title insurance-related businesses and corporations. Each man admitted that he had helped arrange, facilitate and manipulate documents associated with real estate sales and closings in order to fraudulently obtain excess mortgage loan proceeds from the sale of residential properties.
Julian M. Hickman, 31, formerly of Centerville and now living in East Cleveland, pleaded guilty on December 15 to conspiracy and tax charges.
Robert Mitchell, 42, of Vandalia, pleaded guilty on March 11 to one count of conspiracy to commit mail fraud, wire fraud and money laundering, and one count of conspiracy to commit money laundering.
Kamal J. Gregory, 34, of Centerville, pleaded guilty April 14 to one count of conspiracy to commit mail fraud, wire fraud and money laundering, and one count of conspiracy to commit money laundering.
Charges are still pending against Jessica A. Zbacnik of Monroe.
The conspirators used various business name including “Commercial Property Advisor Group”, “Diamond Venture Capital Group”, “Gem City Professional Services”, “First Union Appraisals”, “JMH Real Estate”, “E & A Investments”, “E & A Contractors”, “K M Investments”, “Midwest Alliance Commercial”, “K & M Auto Sales LLC”, “All-City Title Agency, Inc.”, “Partners Land Title”, and “NETCO.”
The U.S. Attorney’s Office said that Partners Land Title and NETCO were not willingly involved in any wrongdoing in the scam. The defendants who pleaded guilty Tuesday improperly used the companies in some of their transactions, said spokesman Fred Alverson.
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Comments
By genetics
May 12, 2009 2:33 PM | Link to this
Looks like genetics played a huge role in this scumbag scenario. One scumbag begets another. Hope you 2 can sleep well at night…..in federal prison.By P David
May 12, 2009 7:37 PM | Link to this
You may want to wear your jockstrap backwards when you enter your new 5’ x 7’ condo.By TheScoopyDoop.com
May 13, 2009 11:18 AM | Link to this
Stay Tuned!! www.TheScoopyDoop.comBy PK
May 13, 2009 1:12 PM | Link to this
My brother in law were duped by these fellas and his life has been a living hell every since.They are finally getting what they deserveBy bobby
May 14, 2009 11:58 AM | Link to this
Lou, Why does the paper allow for comments on white collar crime, but makes no provision for comments on other ciminal behavior?By Househunter
May 20, 2009 2:33 PM | Link to this
I’m watching this case closely, they both should do serious time in singsing. They destroyed my property value. 74 yrs. old so what a thief is a thiefBy Elder Fraud Investigator
May 21, 2009 8:45 AM | Link to this
I spoke to the AG’s office about a similar problem involving one of my clients, where his grandson used his identity, to purchase property thru his own mortgage brokerage, inflating the price by using his mother’s appraisal company, and funds from a shell corporation laundering money in Cincy, then defaulted on not one but 2 mortgages against the property, but walked away with all proceeds from the 2nd, and stuck the bank with a $300K mortgage on a house his mom listed in her real estate firm for 230K, once the bank forclosed…. (and it’s not their first time) and so far no charges have been filed, hope they are next (it’s been nearly 2 yrs) He did eventually get evicted from his fancy Centerville office for not paying rent, but that’s just another free ride he took on someone else’s dime….