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by CareyBot

The owner of a Missouri appraisal business pleaded guilty in Kansas City federal court Thursday to participating in a $4.3 million mortgage fraud conspiracy, the Business Journal of Kansas City reported. Peggy Jo Snodgrass waived her right to a grand jury and pleaded guilty Thursday before U.S. District Court Fernando Gaitan to participating in a conspiracy to defraud mortgage companies, including Ameriquest Mortgage in Gladstone, U.S. Attorney Todd Graves said in a statement. Snodgrass is a Raytown, Mo., real estate appraiser who formerly did business as Appraisals by Peggy, the Business Journal reported. Snodgrass admitted that from June 9 to Nov. 1, 2000, mortgage companies approved 75 loans totaling about $4.3 million after relying in part on her false and fraudulent appraisals, Gr...