Wednesday , 16 August 2017

McKinney Men Plead Guilty in Foreclosure Rescue, Drug Distribution Scheme

policecarJarrod Williams, 34, and Julius Williams, 43, both of McKinney, pleaded guilty in federal court to conspiracy to commit mail and wire fraud before United States Magistrate Judge Amos L Mazzant.

The men operated Applied Investment Strategies, Inc., which marketed itself as a foreclosure rescue service that would assist homeowners who were at risk of foreclosure. However, once retained by their customers, AIS fraudulently used their customers’ personal identification information to prepare and send false military orders to lending institutions in order to claim relief from foreclosure efforts under the Servicemember’s Civil Relief Act. AIS then leased out the homes and collected the rental payments for its benefit.

In one of the homes they acquired, they were growing more than 1,000 marijuana plants.

For the news story please click here.

For the Dallas Observer’s more lighthearted take on this story, click here.

 

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