Industry News

Kansas City couple faces wire fraud, money laundering charges

Prosecutors allege forged documents aided mortgage fraud

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A Kansas City couple has been charged with wire fraud and money laundering in connection with a $475,200 home loan application, said Bradley J. Schlozman, United States attorney for the Western District of Missouri. An indictment handed down by a federal grand jury Wednesday alleges that Ida Mathis, 52, and Larry D. Wills, 50, defrauded New Century Mortgage by submitting false documents, Schlozman said. Mathis allegedly submitted a fraudulent W-2 form, pay stubs and income tax return to back up her claim of a $116,000-a-year job with WB Enterprises -- of which Wills was the sole owner and employee. According to the indictment, Mathis included in her loan application a letter from an accountant and a verification form signed by Mathis claiming she had been making substantial monthly payments on the home securing the loan. The two-count indictment alleges that Mathis and Wills persuaded New City Mortgage to wire $478,383 to a Chicago Title Insurance Co. bank account in Kansas City on ...