Stevie L. Johnson, a former licensed Escrow Officer, was sentenced to 40 years in prison for his part in a multi-million dollar mortgage fraud scam in the Houston, Texas area. The case involved the fraudulent acquisition of mortgage loans associated with approximately 300 residential properties valued at nearly $40 million. The prosecution was the result of a long-term investigation by the Consumer Fraud Division of the Harris County District Attorney’s Office and the Texas Department of Insurance (TDI) Fraud Unit. TDI is the state regulatory agency responsible for licensing title insurance companies, title agents and escrow officers.
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Former Texas Escrow Officer Sentenced
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Former Texas Escrow Officer Sentenced
by Otis on Tue Dec 04, 2007 11:55 am
http://mortgagefraudblog.com
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by Steve Owen on Tue Dec 04, 2007 3:05 pm
Your link was to the home page, Otis. Here's the article:
http://www.mortgagefraudblog.com/index. ... sentenced/
Wonder if one of them will be an appraiser?
I have generally said that white collar crime should not be punished by prison, but rather by repayment and service. However, Stevie might have a little trouble coming up with $40m plus damages. Still, I fail to see what will be accomplished by the state of Texas feeding him for the next forty years. There's got to be a better way.
http://www.mortgagefraudblog.com/index. ... sentenced/
Markay Stroud, the Assistant District Attorney in Harris County responsible for prosecuting Johnson‘s case, emphasized that the investigation is ongoing and additional indictments are expected.
Wonder if one of them will be an appraiser?
I have generally said that white collar crime should not be punished by prison, but rather by repayment and service. However, Stevie might have a little trouble coming up with $40m plus damages. Still, I fail to see what will be accomplished by the state of Texas feeding him for the next forty years. There's got to be a better way.
I haven't a particle of confidence in a man who has no redeeming petty vices.
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