Industry News

Mortgage-elimination fugitive arrested

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: Inman News broke a series of stories about this mortgage-elimination scheme in January. Read Part 1, Part 2 and Part 3. Kurt F. Johnson, a San Francisco Bay Area man who faces felony charges in Utah for his role in an alleged mortgage-elimination scheme that targeted homeowners across the country, was arrested by police in Hayward, Calif., on Thursday night after dodging arrest for several weeks. Doug LeDoux, a fraud investigator for the Utah Insurance Department, said today that Johnson faces extradition to Utah. An extradition process is also under way for Dale Scott Heineman, 45, who allegedly was a partner with Johnson in a scheme that purported to erase home mortgages through a convoluted paperwork process. Johnson, 42, is no stranger to law enforcement authorities. He earlier served a prison sentence for a securities fraud conviction, and he faces communications fraud, racketeering, theft, false or fraudulent insurance act and conspiracy charges in...