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McKinney Man Sentenced to 57 Months in Prison for Foreclosure Rescue Scheme and Marijuana Distribution
A 34-year-old McKinney, Texas man has been sentenced to federal prison in connection with a combination foreclosure rescue and drug distribution scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales.
Jarrod Williams pleaded guilty on August 21, 2013 to conspiracy to commit mail and wire fraud and was sentenced to 57 months in federal prison today by U.S. District Judge Marcia Crone. Williams was also ordered to pay over $1.4 million in restitution.
According to information presented in court, from February 2007 to June 2012, Jarrod Williams, Julius Williams, and Charles Williams controlled and operated Applied Investment Strategies, Inc. (AIS), which marketed itself as a foreclosure rescue service offering assistance to homeowners at risk of foreclosure.
However, once a homeowner retained AIS, the defendants fraudulently used the customer’s personal identification information to prepare and send false military orders to banks and lending institutions in order to claim relief from foreclosure under the Servicemember’s Civil Relief Act. AIS would then lease out the home and collect rental payments for AIS’ benefit.
The scheme involved approximately 38 homes throughout North Texas and also extended to interfering in the repossession of automobiles. After at least one of the fraudulently-acquired properties was vacated, Charles Williams, Christopher Carter and Sean Harrell turned it into a marijuana grow operation that housed approximately 1,300 marijuana plants that were intended for distribution.
Charles Williams, 39, of McKinney, Christopher Carter, 34, of Leicester, England, and Sean Harrell, 38, of Dallas are each currently serving prison sentences ranging from 41 to 50 months. Julius Williams, 43, of McKinney faces up to five years in federal prison at sentencing.
This case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Shamoil T. Shipchandler.
Jarrod Williams, whose exact address was not specified, will serve his 57-month sentence. He is required to pay over $1.4 million in restitution to the victims of his scheme.
The exact charges against Jarrod Williams were conspiracy to commit mail and wire fraud. He was sentenced on [no date specified] by U.S. District Judge Marcia Crone.
Jarrod Williams’ scheme involved the use of false military orders to claim relief from foreclosure under the Servicemember’s Civil Relief Act, which was used to lease out homes and collect rental payments.
The scheme also extended to interfering in the repossession of automobiles and resulted in the creation of a marijuana grow operation that housed approximately 1,300 marijuana plants.
Key Facts
- State: Texas
- Category: Fraud & Financial Crimes|Drug Trafficking|White Collar Crime
- Source: DOJ Press Release â†â€â€
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