An Atlanta-based appraiser indicted two years ago for her alleged participation in a mortgage fraud ring has been acquitted by a jury.

Carla Kinsey was indicted with four others in 2005 who allegedly obtained fraudulent loans totaling approximately $4 million on homes in the Atlanta area.

Kinsey, who was 40 years old and an apprentice appraiser at the time of her indictment, was charged with conspiracy, wire fraud and bank fraud after performing appraisals on 10 properties for the alleged ringleader of the mortgage fraud ring, Nathan Parker.

Prosecutors alleged the mortgage fraud ring used fraudulent appraisals performed by Kinsey and others to inflate the market value of the properties.

Kinsey maintained her innocence, and a jury unanimously voted to acquit her of all charges related to eight of the properties, and could not reach a verdict on charges involving the remaining two properties, the Atlanta Business Chronicle reported.

Kinsey’s lawyer told the newspaper that Kinsey was taken advantage of by criminals, and that she was too trusting.

Kinsey’s acquittal was the first time the U.S. Attorney’s Office in Atlanta has lost a mortgage fraud trial, the newspaper said.

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
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
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