Agent, loan officers indicted in fraud scheme

Kickbacks alleged on sales of newly built homes

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A real estate agent and two former loan officers are among 17 defendants indicted by a federal grand jury for their alleged roles in a $12.6 million mortgage fraud scheme involving 25 residential properties in Missouri.

Real estate agent Angela R. Clark and former mortgage loan officers Cynthia D. Jordan and Stefan M. Guerra are accused of conspiring with 14 property buyers to submit false information to mortgage lenders in order to purchase homes at inflated prices and pocket extra proceeds.