best casino bonuses australian online casino au dollars trusted online gambling internet casino download old information online us casinos las vegas best online casino craps flash casino games mac play online vegas

Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

February 2014
S M T W T F S
« Jan   Mar »
 1
2345678
9101112131415
16171819202122
232425262728  

Guides

How to Become a Bounty Hunter



Former Inspector General for HUD is Indicted in Alleged Mortgage Fraud Scheme

By Allan Lengel
ticklethewire.com

A former head of the Office of Inspector General’s Atlanta office faces charges of making false statements to a bank to obtain a mortgage loan and conspiring to obstruct an investigation, the U.S. Attorney’s Office in Atlanta said Thursday.

Herschell Harvell, Jr., 53,  made his initial appearance in federal court in Atlanta.  Harvell’s co-defendant and nephew, Tavus A. Wright also made his initial appearance on federal charges of conspiracy, obstruction of justice, and perjury.

He is accused of obstructing an investigation into his real estate transactions by the U.S. Department of Housing and Urban Development, Office of Inspector General (HUD-OIG). He was terminated last year.

 “As a federal law enforcement officer, Harvell was entrusted with supervising mortgage fraud investigations,” said United States Attorney Sally Quillian Yates. in a statement“It is particularly troubling that someone responsible for investigating mortgage fraud is charged with committing it and with obstructing justice to cover up his crimes.”

David Montoya,  Inspector General of the Department of Housing and Urban Development, said in a statement: “It is a regrettable day for the dedicated, hard-working men and women of our organization. We cannot tolerate or condone the abuse of trust and the violation of the very laws that Mr. Harvell was sworn to investigate and that is why I brought this matter to the attention of the U.S. Attorney.  I am profoundly disappointed at that break down of our former employee’s ethical and moral compass.”

A press release issued by the U.S. Attorney’s Office in Atlanta stated:

Between 2007 and 2012, Harvell served as a supervisory Special Agent in several HUD-OIG offices, including as a Special Agent in Charge in Fort Worth and Atlanta. Harvell also owned residential homes in the Atlanta area as investment properties. During 2007 and 2008, he acquired and refinanced several more homes with mortgage loans. In addition, in January and February 2008, Harvell purchased a Precision Tune automobile care franchise, incurring significant expenses in connection with that purchase.

On March 25, 2008, Harvell refinanced one of his rental homes and received over $23,000 in cash. Harvell’s loan application represented that he had a $70,000 certificate of deposit and that he received $6,180 in monthly rental income from six residential homes. The indictment alleges that these representations were false. It is alleged that Harvell had cashed in the certificate of deposit more than a month before, during the time period that he was purchasing the Precision Tune Franchise. In addition, it is alleged that Harvell’s houses were not rented or producing the rental income as stated on his loan application. For example, it is alleged that Harvell in fact received less than $900 in rent in March 2008 and for the year to date, had received less than $6,000 total in rental income.

The indictment alleges that during the course of the HUD-OIG investigation of the accuracy of Harvell’s loan application, Harvell’s nephew, Tavus Wright, provided false information to agents and perjured himself before the grand jury about whether he had signed a document used to demonstrate to Harvell’s lender that one of his houses was rented.

 

 


Print This Post Print This Post

Write a comment

You need to login to post comments!