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State v. Mr. H (DMC No. 8231)

MORTGAGE FRAUD ($400,000) NOT CHARGED – State v. Mr. H (DMC No. 8231) (Tempe Police Department DR No. 06-074541): Mr. H owned a small mortgage refinance company which had been writing numerous loans just before the housing market crash. One loan that he wrote was for a Mesa Police Officer. As part of the documents submitted to the underwriters, was a W2 for the Mesa Police Officer showing an income of $10,000 higher than he actually made. It appeared that that document had been altered.

When Mr. H was contacted by Tempe Police, he denied any knowledge of the document being altered. In addition, the loan was for $400,000, yet the house was only worth $310,000. We had Mr. H submit to a polygraph test, which he passed. We then presented this information as we sat down with Tempe Police, and they declined to file any charges against Mr. H. Mr. H could have been facing years in prison, along with the loss of his Securities License if he would have been convicted.

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