HUGE MORTGAGE FRAUD RING - Atlanta 2023-2024

[Jesse LeBlanc]

***To ALL my RE friends, lenders, wholesalers, closing attorneys etc (Metro Atlanta so far)***

If you have ANY current or past deals with any of these names, let me know! They might very well be FRAUD!!

I’m not only working on my case with these buyers and a DeKalb Pastor & Chaplain of DeKalb Sherriff Office on over 2.5M...but this now appears to be related to a HUGE Mortgage Fraud Criminal Ring here in Metro Atlanta with quite a few of confirmed fraudulent documents on many properties as more evidence shows up.

Some of the names I have confirmed provided or created fraudulent bank statement, operating agreements and forged QCD docs to obtain mortgages illegally then allow them to foreclose. A couple other names not confirmed I’m still connecting the dots BUT are affiliated or at minimum names on many of these confirmed fraudulent documents but unclear their actual involvement. This includes some local Notary’s who have their name on these forged documents and a LOT of fake operating agreements.

-William Platt - Owner of The Vault & The Bank (Confirmed)
-Byron Ellis Raines (Confirmed)
-Marvin Fox (Confirmed)
-Freddie Jones II (Confirmed)
-Michael Barney
-Wendell Olden (Claims just being used, not part of Fraud and might be one of their "Straw Buyers" for his good Credit)
-DeKalb Notary - Frank Brake III (Confirmed)
-Jeff Deville - Lender Broker with Will Platt and Bryon Ellis (definitely aware, I have directly informed him of the fraud these guys are/have committed yet he still continues to work with them to push loans through, so unsure of his actual role or knowledge or the lack there of with the rest of this mortgage fraud group)

-More names coming...

PLEASE SHARE THIS POST OR TAG ANYONE HANDLING LOANS IN METRO ATLANTA THAT YOU MIGHT NEED TO SAVE FROM THESE GUYS!! You will help to stop lenders and owners from further getting F’d!!!

[Jesse LeBlanc]

@Jay Hinrichs I know you'll see this soon, might as well tag you ;) 

[Jay Hinrichs]

Quote from @Jesse LeBlanc:

@Jay Hinrichs I know you'll see this soon, might as well tag you ;) 

good work naming names is the only way to protect the public.. these schemes have been going on for years.. And I think I might have mentioned when I had a mortgage fraud scheme come through my HML company a few years back.. I had an interview with FBI agent and he told me its rather rare in the Northwest and that the most prolific are for mortgage fraud was Atlanta Metro followed by Detroit metro.

[Jesse LeBlanc]

I know you see a LOT of posts @Jay Hinrichs, so give it a few days and I'm sure just like the Justin Nyugen guy we got, more people will feel comfortable coming out of the woodwork bringing up some cases related to these name which will help law enforcement.  I have already discussed with the DA's office and their Anti Corruption Department will be handling it.  I'm sure next it will be in the office of the Fed's as well.  It won't help my case right now, but since it's linked, might as well keep connecting the dots to help out everyone I can.

[Drew Sygit]

Managed to steer clear of the fraud in Metro Detroit, but did get interviewed by the FBI once.

[Jay Hinrichs]

Quote from @Drew Sygit:

Managed to steer clear of the fraud in Metro Detroit, but did get interviewed by the FBI once.

When I first started doing BRRR loans for investors in Los Angeles for props in the Detroit market circa 2002 to 2004.. we did quite a few probably 150 or more.. Title companies really had to take a ton of risk since Wayne county was the most dysfunctional county in the entire country at the time.. It took 90 days or so to get confirmation your deed and mortgage had been recorded so you had this huge period of time that the bad actors could step in and pull some really crummy stuff.. I wont describe it as I dont want to give any of the bad folks ideas or how to.. But suffice it to say it was really wild.

[Jesse LeBlanc]

I can TOTALLY see this happening!  I can't imagine the title claims @Jay Hinrichs  WOWSAS!!

[Jay Hinrichs]

Quote from @Jesse LeBlanc:

I can TOTALLY see this happening!  I can't imagine the title claims @Jay Hinrichs  WOWSAS!!

on top of that there were at the time close to 40k vacant homes.. so all sorts of mortgage fraud.. I can tell some stories thats for sure.

[Drew Sygit]

@Jay Hinrichs anything with QCDs and Reverse Mortgages?

[Jesse LeBlanc]

I just had another lender reach out stating they too ALMOST did this deal (months after my issue from March 19th, 2024).  I'm collecting more evidence from this lender and already connecting even more incriminating evidence and adding on more charges to these guys.

If you or someone you know has EVER worked with any of these names, please reach out to me incase what you have might seriously help out my case and save other lenders, other attorneys, other regular people etc from being screwed.  This will also help law enforcement and the FBI as the case builds...