California Real Estate Fraud Report

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29
Mar

Chico Mortgage Broker Convicted in Home Purchase Kickback Scheme

The operator of Empire Mortgage in Chico, has been found guilty of two counts of mail fraud as a result of a mortgage fraud conspiracy in which she participated.

Kesha Danine Fortune Haynie, 41, was the loan originator and generated phony loan applications in an illegal kickback scheme connected to the purchase of new homes.

Haynie received $41,000 from the homebuilder (unnamed in this article) after the close of escrow for the home sales. The buyers were paid $29,000 and then Haynie would share in the remaining monies with her co-conspirators. Neither the lender, escrow or title companies were aware of the fraud.

Evidence showed that she promised homebuyers kickbacks from a Chico homebuilder in exchange for purchasing homes. The day after the close of escrow, the homebuilder would write checks averaging $41,000 to the conspirators.

Kesha Haynie’s real estate license is still in good standing with the California Department of Real Estate (DRE). Let’s see how long it takes for the DRE to act now that she has been convicted.

Note:

Kesha’s sister Niche Savon Fortune, 39, of Chico, was sentenced to 57 months for brokering kickbacks to buyers in the scheme and falsifying loan documents (loan fraud).

Read the original article in the Central Valley Business Times.

© Copyright 2007-2017 Monique Bryher

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