A prominent Georgia real estate attorney has been implicated in an alleged mortgage fraud scheme involving a 33-acre property in Snellville, Ga., the Gwinnett Daily Post reported Saturday.

Constance Thomas, 52, was charged with “theft by taking” for her alleged role in the fraudulent purchase of the Snellville land tract, the Post reported. She turned herself in to police last week, Officer Darren Moloney of the Gwinnett County Police Department told the Post.

Police first learned of the alleged plot when Pearl Mulherin, of Midville, Ga., told them she was a victim in a mortgage flipping incident, the Post reported.

Mulherin owned 33 acres in Snellville worth $475,000, but the property was appraised at $900,000 by “unscrupulous people,” Mulherin told investigators, according to the Post.

“This victim has done these things before,” Moloney told the Post. “She is not a novice, so apparently she knew what she was looking for.”

At least four other people are also under investigation in connection with the alleged mortgage fraud, but no other charges have been filed yet, Moloney told the Post.

Several other participants in the alleged scheme are still being investigated and will likely be charged under the federal racketeering statute, Moloney told the Post.

***

Send tips or a Letter to the Editor to janis@inman.com or call (510) 658-9252, ext. 140.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription