Tag Archives: U.S. Secret Service

Fraud Gang Worked Hard to Scam Banks and Identity Theft Victims

Gbadamosi was a manager and supervisor in the conspiracy, driving other conspirators from bank to bank and directing them to withdraw stolen funds. Gbadamosi gave false identification documents to his co-conspirators, who would then enter the banks and use the IDs to cash checks drawn on the fraudulently funded accounts. These IDs contained the names and birthdates of real people who did not know their identities had been stolen. On at least one occasion, Gbadamosi gave the real driver’s license of an individual to a co-conspirator, whom Gbadamosi then directed to make unauthorized withdrawals from that individual’s bank account.

Mortgage fraud: Rhonda Scott and Niesha Williams will be filing their phony deals on a prison computer for next two years

According to their plea agreements, beginning in 2008, Scott participated in several fraudulent real estate transactions that settled at M&R Title, Inc. located in Alexandria, Virginia, and at Sanford Title Services, located in Columbia, Maryland. The fraudulent transactions at each title company were part of different conspiracies. In both schemes, Scott facilitated deals between her co-conspirators, recruited individuals that could be parties to the real estate transactions, received proceeds of the fraudulent transactions through a shell company designed to hide her receipt of the funds, sent money to co-conspirators and identified mortgage transactions that the co-conspirators could use to enrich themselves.

As part of the M&R Title conspiracy, Scott, Demetrius Peete and others deceived buyers, sellers and lenders to make it appear to sellers that they were selling their property at a low price, and to buyers and lenders that the property was being sold at a higher price. The co-conspirators created paperwork for two different sales of the property at the same time. The first sale was fraudulent because it was backdated, the buyer planned to immediately flip the property in a subsequent sale and the settlement statement listed a fake loan. In the second sale, the sales price was significantly increased and the settlement statement showed a large sum being disbursed to the lender to payoff an existing lien. In fact, those funds were improperly disbursed to the co-conspirators.