Six charged in $2M+ loan schemes targeting banks, colleges - FOX 35 News Orlando

Six charged in $2M+ loan schemes targeting banks, colleges

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CHICAGO (Sun-Times Media Wire) -

Six Chicago-area residents are charged with trying to get more than $2.7 million in loans by submitting fraudulent applications to various banks, mortgage lenders, community colleges and government agencies, federal prosecutors announced Thursday.

Anthony Trice, 34, of Chicago; Jerrod L. Weathersby, 36, of Harvey; and Noreen B. Mian, 34, of Chicago, are charged with scheming between 2006 and 2011 to obtain more than $2.1 million in mortgage loans for 14 properties in Chicago, Burnham and Park Forest, according to a statement from the U.S. Attorney’s office.

Trice, president of the now-defunct Fifty One 06 Property Management and Acquisitions, Inc,, along wtih Weathersby and Mian allegedly prepared and submitted false documents and lied to lenders about the buyers’ qualifications for the loans, according to an indictment.

Between 2010 and 2012, Trice and Weathersby, along with Warren K. Taylor, 35, and David N. Edwards, 37, both of Chicago, allegedly obtained about $135,000 by submitting at least 40 fradulent applications for admission and federal student aid from Harper College, Elgin Community College and Joliet Junior College, according to proseucutors.

Authorities also accuse Trice and Weathersby of participating in a credit card scheme between 2006 and 2008, according to the statement.

Trice faces six counts of mail fraud, five counts of wire fraud, three counts of bank fraud, and one count each of making false statements on loan applications, student loan fraud, and aggravated identity theft, according to the statement.

Weathersby, a director and vice president of the defunct company, faces one count each of wire fraud and aggravated identity theft. Mian, then a loan officer for Exclusive Bancorp, Inc. in Lincolnwood, faces two counts of wire fraud and one count of making false loan application statements.

Taylor was charged with four counts of mail fraud and one count each of aggravated identity theft and student loan fraud. Mian was charged with two counts of wire fraud and one count of making false loan application statements, and Edwards was charged with one count each of mail fraud and student loan fraud, authorities said.

Authorities are seeking the forfeiture of more than $2.41 million from Trice, Taylor, Mian and Edwards. All five defendants are scheduled to be arraigned on a later date in federal court.

In a separate indictment, Derrek L. Campbell II, 34, of Chicago, was charged with two counts of making false loan application statements and one count each of wire fraud and student loan fraud, according to the statement.

Campbell allegedly obtained more than $300,000 through false statements to mortgage lenders between 2009 and 2013. The inditment seeks forfeiture of $302,420.

Campbell was arrested Thursday and was scheduled to be arraigned in federal court.

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