WDAM - Channel 7 - Serving Hattiesburg, Laurel and the Pine Belt2 Brandon men charged in federal loan probe
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Associated Press - July 21, 2009 6:44 AM ET
JACKSON, Miss. (AP) - A federal grand jury has returned a 38-count indictment charging two men in connection with a scheme to obtain more than $9 million in fraudulent loans.
J. Larry Kennedy and Keith Kennedy of Brandon are charged with conspiracy to commit mail and wire fraud, conspiracy to launder money and multiple counts of wire fraud and money laundering.
Acting U.S. Attorney Stan Harris said the two men operated Loan Closing and Title Services Inc. in Jackson.
Harris said from 2004 to 2006, the Kennedys were the closing agents involved with the fraudulent mortgage loans.
The indictment also says the Kennedys falsely notarized loan documents that said the borrower personally appeared at the loan closing and signed the closing documents in order to retrieve the money from the loan.
Information from: The Clarion-Ledger, http://www.clarionledger.com
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