Court documents reveal that the US DOJ has charged James Byrd and Eric Byrd with Conspiracy to Commit Bank Fraud . The information was filed in the Greenville (SC) District Court on November 1, 2006.
The indictment alleges that both men were involved in the illegal flipping of properties in the Greenville area of South Carolina. As an example of the type of alleged fraud the information alleges that “on or about March 18, 2003, JAMES BYRD and ERIC BYRD purchased a property located at 101 Arlington Road, Greenville, South Carolina, for $18,000 and then JAMES BYRD and ERIC BYRD through a individual working on their behalf obtained a loan for the same property through the use of an inflated appraisal for approximately $125,000 thereby defrauding the lender.”
The properties mentioned in the information are;
101 Arlington Road , Greenville, SC
405 Houston Street , Greenville, SC.
45 Woodside Drive in Greenville, SC,
114 E. Morgan Street, Greenville, SC
110 E. Morgan Street, Greenville, SC
117 Asbury Street , Greenville , SC
The information reveals that the Byrd’s used a number of companies to further the scheme, they are listed below:
Next Generation, L.P.
On November 3rd 2006 both men entered Guilty Plea’s. The date of their sentencing hearing is not yet known.