Thank you for the pictures. Diogenes is leaving Chicago, still in search of an honest man, pray-tell what city is next?/Just Asking - seoul62......
ANy familiar names?
http://www.chicagobusiness.com/cgi-bin/interstitial.pl?v=1&where=L2NnaS1iaW4vbmV3cy5wbD9pZD0zNDUyMw==
A federal grand jury has indicted 10 people in an alleged mortgage-fraud scheme that allowed them to obtain $17.2 million in loans to buy condominiums in a downtown high-rise
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According to the indictment, Mhde Askar, 23, of Chicago, and Mahmoud Saleh, 35, of Hinsdale, formed a company to buy units in the 363-unit tower and profited by collecting mortgage rebates from the developer and flipping the units for a profit to handpicked buyers.
To obtain the fraudulent loans, the pair enlisted the help of Ahmad Karkukly, 33, of Palatine, a loan officer at Countrywide Home Loans Inc., the indictment says.
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In the other cases announced Tuesday:
• Richard Lisnek, 56, a mortgage broker and president of Arlington Heights-based K&L Real Estate Inc., and his wife, Judy Kein, 50, an attorney and president of D&J Properties II Inc., also of Arlington Heights, were charged with fraud in connection with about 70 mortgages totaling about $5.8 million between 2002 and 2007.
In addition to Mr. Lisnek and Ms. Kein, both of Buffalo Grove, 13 other individuals were charged in the case, including three appraisers and a title company executive. Ms. Kein declined to comment. The telephone number for Mr. Lisnek’s mortgage company was not in service.
• Mr. Askar is charged separately along with five other defendants in connection with the purchase of two multimillion-dollar single-family homes in Wheaton and Glenview.
• Alshawntus Beck, 35, and five other individuals were charged in connection with $3 million in loans used to purchase several properties on the south and west sides of Chicago. Mr. Beck, of Plainfield, operated three companies, including Compass Investments & Development Corp. and West Horizon Construction. He could not be reached for comment.
• Lawrence A. Luckett, former CEO and part-owner of Burr Ridge-based Home Mortgage Inc., was charged with bank fraud in connection with more than 450 allegedly fictitious mortgage applications submitted to GMAC Bank that resulted in $15 million in losses. Mr. Luckett, 52, has been “cooperating with the U.S. Attorney’s office and GMAC from the beginning,” says Chicago attorney Michael B. Nash, his attorney.