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by CareyBot

Seven people were indicted in Louisiana in connection with a mortgage fraud scheme in the Lafayette, La., area involving more than 50 properties and more than $1 million, court documents reveal. The indictment alleges 65 counts of conspiracy, bank fraud and mail fraud against: Anthony T Grishby, a mortgage broker; Howard McZeal, an appraiser; Erin Broussard, a secretary; and loan processors Renay Matthews, Tameshia Matthews, Shawn Hollier and Lori Moreau. All are Lafayette residents except Hollier, a Leonville, La., resident, and Moreau, who lives in Scott, La. The seven are accused of fraudulently preparing loan applications to Bank of America via Equicredit Corporation of America for purchases of properties located in Lafayetteand nearby areas. The alleged fraud took place from 1999...