Sandy Hodson reports for the Augusta Chronicle on the unsealing of a a federal indictment accusing three people of running a fraud scam involving nearly half a million dollars. The accused are Stacey, L Shefton, Michael D. Dunn, 39, and Willie J. Anderson Jr., 37, are charged with conspiracy, fraud, money laundering and identity theft. Click here to read the indictment
According to the indictment, the schemes began in late 2000, when Mr. Dunn bought 975 Mack Road, Harlem, GA for $17,600 and sold it to his girlfriend for $50,000. Mr. Dunn is accused of falsifying information on a mortgage loan application he filled out in his girlfriend’s name, the indictment continues.
According to the indictment, the mortgage fraud scheme continued in 2001, when the defendants allegedly shadowed the legitimate sale of an Alpharetta home. Allegedly by posing as the real owners, the men conned an Alpharetta appraiser, an Augusta attorney and a Macon mortgage company into unwittingly participating in the fraudulent deal.
The 19-count indictment also alleges that Mr. Shefton fraudulently convinced a builder he had a buyer ready to purchase a Statesboro home for $154,000. Mr. Shefton also is accused of obtaining a mortgage by stealing and using another person’s identity.