Industry News

Missouri mother, son indicted in real estate fraud scheme

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

A Missouri mother and son were indicted Tuesday in connection with an alleged mortgage fraud scheme that resulted in 23 fraudulent loans totaling more than $5 million. Eric Kendall Taylor, 35 of Lee's Summit, Mo., and his mother, Doris Taylor, 58, Kansas City, Mo., were indicted in the United States District Court for the Western District of Missouri on April 4. The two are alleged in the indictment to have operated a mortgage fraud scheme in Kansas City and Lee's Summit, Missouri from the summer of 1999 through September 23, 2005. The 20-count grand jury indictment includes charges of conspiracy, scheme to defraud and fraud. According to the indictment, Eric Taylor was in the business of investing in real estate in the Kansas City and Lee's Summit areas of Missouri. Doris Taylor was a real estate broker, doing business as Doris J. Taylor Realty, according to the indictment. Doris Taylor also invested in residential properties in Kansas City and Lee's Summit, Missouri, the indictment s...