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Charges Brought in Maryland Mortgage Scam

By
Real Estate Agent with The Benya Group 618516

    It looks like things are moving forward with the case against Joy Jenise Jackson (formerly known as a stripper named Night Rider), Kurt Fordham, and The Metropolitan Money Store.

    Remember them?  They're the one's accused of "saving" people from foreclosure, while stripping their equity out from under them, and leaving the victims in financial turmoil. 

    Well, now they've decided to press charges against 8 people, including Joy Jackson and Kurt Fordham, and (provided that the accused can be located), we may finally see some closure to this bizarre tale.  It's bad enough that we've dealt with scummy lenders writing bad loans, scummy get rich quick schemes promising to pay your mortgage, and the real estate bubble bursting, leaving us with a serious foreclosure problems, but seriously, this too?

    It's an embarrassment to legitimate professionals to see garbage like this happening in the region.  I hate the fact that a few bad apples like this can really ruin the reputation of the industry as a whole. 

    It's great that they've pressed charges, but what I want to know is this:  Where in the hell are they, and how do you plan to arrest them?  This was in the news months ago that the feds were trying to build a case, and I'd be shocked to hear that they were still in the country at this point! **

**Correction** Multiple arrests were made thursday morning in North Carolina, including both Ms. Jackson and Mr. Fordham, among others.

Related Links:

Washington Post Article on Indictment

 

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Geez!!!  Not Maryland again.  Oh well!!  At least they moved relatively quickly.  It only took about 2 years. 

Jun 13, 2008 05:15 AM
Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

Aloha from Hawaii.  Having lived in Maryland for 35 years I like to follow the news there.  I hadn't heard about this scam before but it sounds pretty nasty.

Jun 13, 2008 05:18 AM
Jonathan Benya
The Benya Group - Waldorf, MD
The Benya Group

@ Lenn-  In all honesty, I'm surprised it's moving as quickly as it is.  It's a shame that these things take so long to sort out.

 

@ Richard-  Yes, this was an exceptionally nasty scheme.  Good riddance to bad rubbish.

Jun 16, 2008 03:14 AM
Lewis Poretz
Apex Home Loans - Annapolis, MD
Business Development Manager

hey there Jonathan and gald to meet another southern Marylander. I have been absent from AR for a bit and tonight have just been cruising the posts. What happened in this scam? i have never heard anything about it?

Lewis

Jun 17, 2008 02:56 PM