A federal jury Friday convicted a Kansas City real estate investor of using bogus documents in a scheme to defraud two mortgage lenders, the Kansas City Star reported Saturday.

The convictions came in the first of two trials anticipated for Brent Michael Barber of Belton, Kan., who was indicted three times over the last 16 months in mortgage and real estate fraud schemes, media accounts said.

Barber’s second trial on more than 120 federal felonies is expected to open in February, the Star reported.

In May, a judge jailed Barber, 41, after learning that while free on bond, he had improperly persuaded a former homeowner to sign away about $20,000 from the sale of his house, reports said.

Since then the judge has refused to release Barber after determining that even while in jail he had made improper filings with Jackson County on real estate matters, according to reports.

In the case heard this week, Barber was convicted of conspiracy and two counts of wire fraud involving his attempts to illegally obtain loans from lenders in Washington and Colorado, the Star reported.

Jurors found Barber not guilty on one wire fraud count, according to accounts.

In one instance, Barber used one of his companies to purchase a Kansas City home, reports said. His company then transferred the home to a trust he established in the seller’s name, and he immediately tried to re-sell the home to a friend at a profit of at least $40,000, reports said.

***

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
It's not too late to join us for Connect Now today. Participate in workshops, networking and more.REGISTER×
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