Mortgage Fraud Indictments

It has been a long time coming, and finally the State of Utah and the Utah Mortgage Fraud Task Force along with the Federal Government has made indictments against:  Bradley Kitchen of Provo, David Bolick of Sandy, Steve Cloward of Orem, Ron Clarke of Provo, Jeffery David Garrett of Provo and Rebecca Ann Hadlock of Saratoga Springs. They were indicted on four counts of mail fraud, nine counts of wire fraud, one count of conspiracy to commit mail fraud.  Each count could carry a maximum sentence of up to 20 years in prison and $250,000 in fines.  The U.S. Attorney's Office seeks the forfeitsure of $7.5 million each from Kitchen, Bolick, Cloward and Clark; $6 million from Garrett and $4.5 million from Hadlock. Read the full story here.

I have personally know about the potential charges against Mr. Clarke for over a year.  I am somewhat of a "Real Estate" geek, and I always admired a few of the 'heavy hitters' in the area, Mr. Clarke being one fo them.  He sells a lot of high end homes, and I cannot understand the greed involved in the types of fraud he is allegedly involved with, and throwing everything away for a few dollars.  If true it is sad.