(Cleveland) - A federal indictment has been filed charging five people with taking part in a $4.1 million mortgage fraud scheme involving six luxury properties in Medina, Ohio, and one property in Gates Mills, Ohio.

Assistant U.S. Attorney Mark Bennett says the seven-count indictment charges one count of conspiracy to commit bank fraud and wire fraud, one count of conspiracy to commit bank fraud and five counts of bank fraud.

Those charged are: Thomas G. France, age 43, of Strongsville; Katen S. Pabley, a.k.a. Keith Pabley, age 40, of Shaker Heights; Su Chi Straka, age 37, of Parma; Lisa R. Nagle, age 42, of Houston, Texas; and, Ranjeet Pabley, age 67, of Lombard, Illinois.

Previously charged via information were Joseph Beccia, age 60, of Parma; and, Alex Blackmore, age 49, of Bronx, New York.

Bennett tells Newsradio WTAM 1100 that the scheme involved newly constructed homes, which were grossly inflated in price far above market value by bogus appraisals.

If convicted, the defendants’ sentences will be determined by the Court after review of factors unique to the case.

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