User Login    
 + Register
News : Livingston County woman sentenced on real estate fraud charges
Posted by John on 2012/9/3 11:10:00 (659 reads) News by the same author

A woman has been sentenced in federal court for real estate fraud in the Kansas City area. Thirty-three year old Angela Allen of Mooresville was sentenced to 10 months in federal prison without parole. On October 18, 2011, Mrs. Allen pleaded guilty to wire fraud in the attempted purchase of a home, as charged in a Sept. 30, 2010, indictment.


In May 2010, while her Olathe, Kansas home loan was in default, Mrs. Allen and her husband successfully listed their home for sale. Mrs. Allen and her husband owed more on the loan than the sale price, so an in attempt to avoid having to bring money to closing to sell the home, Mrs. Allen provided a false payoff statement to the title company closing the loan. When the title company discovered the fraud before the sale was finalized and Mrs. Allen did not bring the required funds for the sale, the sale was cancelled.

In June 2010, Mrs. Allen purchased two new Lexus vehicles, paying for them with personal checks drawn on her Chillicothe bank. Her account contained insufficient funds to cover the checks. She strung the bank along for weeks with promises and excuses, saying she was expecting a wire transfer of about $500,000 and giving numerous excuses why the money had not yet arrived. The checks were ultimately covered by a family member.

In July 2010, Mrs. Allen’s family purchased a home for her and her husband in Mooresville, which cost $435,000 and was titled in the names of Mrs. Allen and her husband free and clear of any encumbrance.

In August 2010, Mrs. Allen entered into a contract to purchase a home for $3 million cash in Parkville. She provided a personal check in the amount of $100,000, drawn on her account at a Chillicothe bank, which contained insufficient funds to cover the checks. She also provided a fraudulent proof of funds letter, purportedly from a bank in the Cayman Islands, which said she and her husband had immediate access to and availability of more than $4 million. Mrs. Allen had a friend make telephone calls pretending to be an account representative, falsely confirming that she had the Cayman Islands account with funds on deposit in the bank. Mrs. Allen also sent a fraudulent financial statement, representing that she and her husband had $40 million in two Cayman Islands accounts. As the closing date approached and arrived, Mrs. Allen gave a series of excuses why the title company closing the sale did not receive either the $100,000 or the $3 million. Although the Allen's closed on the buyer’s side of the purchase, the sellers learned of the fraud before they closed on the sale, and the sale did not go through.

This case was prosecuted by Assistant U.S. Attorney Linda Parker Marshall and was investigated by the FBI.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2014/12/20 7:00:00 - NCMC Women Open Florida Swing With 81-55 Loss
2014/12/20 6:55:42 - Sporting KC To Open 2015 Season Against Nemesis New York
2014/12/20 6:47:35 - Mizzou Starting Receiver To Miss Citrus Bowl
2014/12/20 6:40:58 - Trenton Gets Low Seeds For Ultra-Competitive Lawson Invitational Tournament
2014/12/20 6:34:29 - NCMC Holiday Hoops Begins With Wellington-Napoleon Sweep
2014/12/20 6:27:53 - Winston Boys Go Overtime To Win HDC Tournament Title
2014/12/19 17:20:11 - KC Royals Sign Starting Pitcher Edinson Volquez
2014/12/19 17:20:00 - Medlen In, Giavotella Out In Kansas City
2014/12/19 17:16:45 - California JUCO Player Verbals To Mizzou
2014/12/19 17:09:57 - Chillicothe Man Involved In I-435 Multi-Vehicle Accident
2014/12/19 17:04:42 - Thursday Accident Near Newtown Injures Area Women
2014/12/19 17:00:52 - Moore Files For Chillicothe Councilman-At-Large
2014/12/19 16:56:56 - Trial for Trenton Man Accused Of Murder Begins In January
2014/12/19 16:50:42 - Princeton Medical Clinic Adds X-Rays
2014/12/19 16:46:25 - Unionville Man Wins Patrol Trooper Award
2014/12/19 16:41:05 - Friday Morning Wreck Injures Cameron Man
2014/12/19 16:37:52 - Bethany Native Resigns Maryville Superintendent Position
2014/12/18 15:10:26 - 550 Million Year Old Fossils Provide New Clues about Fossil Formation
2014/12/18 15:10:00 - Daniel, Maclin, Coffman Highlight Mizzou's 2014 Hall Of Fame Class
2014/12/18 15:03:45 - Gallatin Man Organizing Regional Horticulture Conference
2014/12/18 14:58:51 - Upgraded Ketcham Center Set To Host 10th Annual Holiday Hoops
2014/12/18 14:48:10 - Royals Add To Pitching Staff, Signing Ex-Atlanta Brave Kris Medlen
2014/12/18 14:31:14 - Buchanan County Inmate Found Dead
2014/12/18 14:26:33 - Thursday Morning Accident Injures Jamesport Man
2014/12/18 12:30:00 - Ankle Bracelet Helps Police Catch Suspected Burglar
2014/12/18 12:27:33 - THS Freshmen Split With Cameron Dragons
2014/12/18 12:20:24 - Tri-County Conference Rivals Split Hoops Doubleheader
2014/12/18 12:15:46 - U.S. Officials Blame North Korea For Sony Hack
2014/12/18 12:06:48 - U.S. Kills Three ISIS Leaders in Iraq Strikes, Officials Say
2014/12/18 11:30:00 - Milan Wildcats Find Struggles At Knox County, Lose Stallbaumer To Injury



Bookmark this article at these sites

                   

Listen to KTTN-FM