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Silver Spring Man Indicted in $1.7 Million Mortgage Fraud Scheme | Crime

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Silver Spring Man Indicted in $1.7 Million Mortgage Fraud Scheme
Crime

Greenbelt, Maryland - A federal grand jury has indicted Wayne James Carter, 47, of Silver Spring, Maryland, on wire and mail fraud charges in connection with a $1.7 million mortgage fraud scheme. Carter had his initial appearance at the U.S. District Court in Greenbelt, Maryland.

According to the 13 count indictment, Carter allegedly made false statements on loan documents as to his monthly income, outstanding judgments against him and lawsuits to which he was a party.  Carter is also believed to have represented that he was not responsible to pay child support, when in fact he was obligated to pay child support.  The indictment alleges that based on Carter’s false statements, lenders approved loans on five properties, totaling $1,794,675.80, which is the amount the government seeks to forfeit as the proceeds of the scheme.

Carter faces a maximum sentence of 20  years in prison and a fine of $250,000 on each count of mail and wire fraud.

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