User Login    
 + Register
News : Livingston County woman sentenced on real estate fraud charges
Posted by John on 2012/9/3 11:10:00 (742 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
2015/9/1 5:37:35 - Carrollton Man Life Flighted To Hospital After ATV Accident
2015/9/1 5:34:54 - Gallatin Man Transported To Wright Memorial Hospital After Accident Near Gallatin
2015/9/1 5:24:51 - Grand Marshals Announced For Calamity Jane Day Parade At Princeton
2015/9/1 4:58:30 - Grundy County Sheriff Reports Two Arrests
2015/9/1 4:43:38 - Special Olympics Missouri Receives $1.5 Million Gift For Training For Life Campus
2015/9/1 4:23:56 - Old Time Harvest Days At Chillicothe Set For September 25 And 26
2015/9/1 4:18:23 - Busy Day For Latest Session Of Division One of Grundy County Circuit Court
2015/9/1 4:13:25 - Missouri Governor's Son Arrested For DWI After Striking Parked Car
2015/9/1 4:01:07 - 2 Oklahoma Fugitives Arrested In Missouri
2015/9/1 4:00:00 - More Missouri Bridges Predicted To Close
2015/9/1 3:52:53 - Police: Mother Said Twins Weren't Loved, So She Drowned Them
2015/9/1 3:49:10 - St. Joseph Man, Mother Charged With Infant's Death Inside Drug House
2015/8/31 19:10:00 - Softball Schedule Release Gives Trenton Fans "Taste" Of Life In The GRC
2015/8/31 19:01:03 - Milan Routs Brashear For First Softball Win Of 2015
2015/8/31 13:33:06 - Mercer Cardinal Coaches Shows For Monday, 8/31/15
2015/8/31 10:27:40 - Lady Bulldogs Cruise Past Carrollton, Enter New Week Unbeaten
2015/8/31 10:15:39 - Redbirds Roll To East Harrison Tournament Title
2015/8/31 9:40:00 - Trenton H.S. Volleyball Finishes Third At Lone Jack Tournament
2015/8/31 9:25:26 - Chiefs Look Sharp In Friday Night Tennessee Takedown
2015/8/31 8:40:00 - Furious Second-Half Rally Falls Short, Trenton Bulldogs Drop To 1-1
2015/8/31 8:20:00 - Grundy R-5 Coaches Shows For Monday, 8/31/15
2015/8/31 7:30:00 - Accident North Of Carrollton Injures Teen
2015/8/31 6:21:23 - Public Invited To "Meet And Greet" First Responders September 11
2015/8/31 5:37:36 - Unemployment Rate Rises In Grundy County
2015/8/31 4:51:34 - New Law Requires Children To Be Vaccinated Before They Can Enter Daycare Or Preschool
2015/8/31 4:19:42 - Mother Pleads Guilty In Toddler's Drowning Death
2015/8/31 4:14:19 - Beef Genomic Value To Be Shown At Thompson Farm September 15
2015/8/31 4:04:14 - Man's First Drive In His New Truck Ends In Flames
2015/8/31 4:00:47 - Carthage Couple Arrested In Death Of 2-Year-Old Girl
2015/8/31 3:55:54 - Man Sentenced To 35 Years For Getting 11-Year-Old Pregnant



Bookmark this article at these sites

                   

Listen to KTTN-FM