Kansas Man Faces Charges of Mortgage Fraud Conspiracy

[Corey Dutton]

A Kansas man could face up to 120 years in prison, as told by MPAMag.com. Terrence Matthew Brown purchased 10 homes in Kansas City, all of which ended up in default. He also received over $200,000 in kickbacks as a result of the scheme. The jury came back with a guilty verdict for 5 counts of wire fraud and one count of conspiracy to commit wire fraud. The example made of this individual is just one of thousands of these types of crimes that were committed between 2005 to 2007. This means that thousands of people got away with the same type of crime! I hope these stories are shared more readily to educate people about what happened during those crazy years of free credit during 2005 to 2007, so that history will not repeat itself again. Please share this.

(Source: http://www.mpamag.com/mortgage/kansas-man-convicted-in-2-7-million-scam-18067.aspxhttp://www.mpamag.com/mortgage/kansas-man-convicted-in-2-7-million-scam-18067.aspx )

Posted by Corey Curwick Dutton