Loan Modification Scammer Receives 12 Years in Prison

by Moe Bedard · 0 comments

in Homeowner Scams

loan modification scamsThis has to be the longest prison sentence that I have seen for scamming homeowners and scammers really should take notice.

You know the old saying, “If you can’t do the time, don’t do the crime?” For some reason I just do not think that these little creepy mortgage and real estate scammers do not analyse their crimes deep enough to ponder long prison stints or a life behind bars. These creeps are too high on the smell of money and the materialistic lifestyles that they must steal from people to maintain.

Washington Post:

A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a “vulture” whose case should serve as a warning to other con artists, a federal judge said yesterday before imposing a sentence of more than 12 years.

Joy Jackson, 41, a former exotic dancer who became president of the Metropolitan Money Store, carried out the years-long scheme through the Lanham-based business. She used the cash to buy jewelry, fur coats and vacations, and to cover a lavish wedding at the Mayflower Hotel, where Patti LaBelle serenaded guests who feasted on lobster and drank Cristal.

Metropolitan, which advertised on gospel and R&B stations, promised to help people keep their homes and repair their credit. Instead, Jackson and several co-conspirators, including her husband, Kurt Fordham, took titles to properties and drained them of equity.

The case produced more courtroom drama Monday when Assistant U.S. Attorney James A. Crowell IV was punched in the face by a relative of Jackson’s key accomplice, Jennifer McCall, witnesses said.

McCall was in court to be sentenced at a separate hearing later in the day, but the hearing was postponed after she fired her lawyers. After Crowell, who had prosecuted former congressman Robert W. Ney (R-Ohio), asked that she be jailed pending sentencing, one of her relatives leapt into the well of the courtroom and punched him. The man was taken into custody, officials said.

 Read more from the Washington Post

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