Two Collin County, Texas men have been hit with federal charges for orchestrating a multi-faceted scheme involving mortgage fraud and drug distribution.
Jarrod Williams, 34, and Julius Williams, 43, of McKinney, pleaded guilty to conspiracy to commit mail and wire fraud in the Eastern District of Texas. The duo was part of Applied Investment Strategies, Inc. (AIS), a facade for their fraudulent activities that targeted homeowners facing foreclosure.
According to court documents, from February 2007 to June 2012, AIS used the homeowners’ personal information to send fake military orders to banks and lending institutions, claiming relief under the Servicemember’s Civil Relief Act. The scheme allowed AIS to lease out homes and pocket rental payments, affecting around 38 properties across North Texas.
The operation took a darker turn when one of the acquired properties was converted into a marijuana grow house. Charles Williams, Christopher Carter, and Sean Harrell were charged with turning it into a distribution hub for approximately 1,300 marijuana plants. The grand jury indicted them on July 11, 2012.
Jarrod and Julius Williams could face up to five years in prison. Charles Williams, 38, faces up to 20 years on fraud charges and between 10 years and life on the drug charge. Sean Harrell, 37, of Dallas, is looking at a sentence from 10 years to life.
This case was broken by the FBI with Assistant U.S. Attorney Shamoil T. Shipchandler taking the lead in prosecution.
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Key Facts
- State: Texas
- Agency: DOJ USAO
- Category: Drug Trafficking|Fraud & Financial Crimes|Organized Crime
- Source: Official Source ↗
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