A federal indictment alleges mortgage fraud schemes in Mecklenburg and surrounding counties involving appraisers, lawyers, mortgage brokers, builders and investors and at least $15 million in loans on 270 properties.
The indictment, charging six people and listing others as unindicted "co-conspirators," alleges a web of players, from companies accused of lying about homebuyers' income to builders who allegedly paid kickbacks. A subsidiary of Atlanta builder Beazer Homes and a local builder are included as unindicted co-conspirators. The indictments refer to them only by code names; the Observer used public records to identify them.
The indictment, which details transactions from 2000 to 2004, elaborates on four alleged scams. The allegations, with names such as the "Flip Scheme" and the "Builder Kickback Scheme," are detailed through 19 home sales
