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Grimy Times Exclusive: Cameron Green Sentenced in $15 Million Mortgage Scheme
Cameron Green, a 36-year-old resident of Pickerington, Ohio, has been sentenced to 12 months and one day in prison for his role in a brazen $15 million mortgage fraud scheme that targeted mortgage lenders in Arizona.
According to court documents, Green and his co-conspirators, Jason Simcox, 39, and Kevin Simcox, used a mortgage brokerage company they co-owned, Vanguard Mortgage, located in Westerville, Ohio, to finance the purchases of 26 properties in Maricopa County, Arizona. The men applied for loans using false income, assets, and occupancy statements on the loan applications, inflating the mortgage loans to allow them to use the excess mortgage proceeds to generate cash kickbacks payable to co-conspirators.
The excess mortgage proceeds were used to generate cash kickbacks payable to co-conspirators, which were then provided to Green and Simcox via interstate wire transfers. The men received approximately $1,469,263.00 in seller kickbacks, real estate agent commissions, real estate agent commission kickbacks, and fees.
Green was sentenced to 12 months and one day in prison, three years of supervised release, and ordered to pay $6,115,965 in restitution, jointly and severally with Jason Simcox and Kevin Simcox, to the victim mortgage lenders. This brings the total restitution owed to $15,037,421.
The scheme was uncovered after the Arizona properties were subsequently sold short or foreclosed upon due to the borrowers being unable to pay the monthly mortgage payments. Carter M. Stewart, United States Attorney for the Southern District of Ohio, commended Assistant United States Attorney Laura Fulton who prosecuted these cases and the cooperative investigation conducted by FBI and IRS agents as part of the Southern Ohio Mortgage Fraud Task Force.
Cameron Green, Mortgage Fraud, Ohio 2013
Defendant: Cameron Green
Criminal Charges: Mortgage Fraud
City and State: Columbus, Ohio
Exact Date: N/A (sentencing date)
Sentence or Outcome: 12 months and one day in prison, three years of supervised release, and ordered to pay $6,115,965 in restitution
Dollar Amounts: $15,037,421 (total restitution owed)
Key Facts
- State: Ohio
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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