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Theodore Kurz, 70, Indicted for Mortgage Fraud in New Orleans
A 70-year-old New Orleans man has been charged with mortgage fraud, announced U.S. Attorney Duane A. Evans. Theodore Kurz, a resident of New Orleans, Louisiana, was charged by a federal grand jury in a three-count indictment for mortgage fraud.
According to court documents, Kurz obtained mortgages for three properties through the State of Louisiana, Division of Administration, Office of Community Development. He then forged mortgage cancellations that he filed with the Orleans Parish Clerk of Court to falsely make it appear that the loans had been satisfied. Kurz then obtained mortgages through a different lender, falsely claiming that there were no outstanding mortgages or liens on the properties.
The indictment alleges that Kurz committed the crimes between 2018 and 2023. If convicted, Kurz faces 30 years of imprisonment and a $1,000,000 fine. U.S. Attorney Duane Evans reiterated that the indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.
U.S. Attorney Evans praised the work of the Office of Inspector General for the U.S. Department of Housing and Urban Development in investigating this matter. The prosecution of this case is being handled by Assistant U. S. Attorney G. Dall Kammer, Deputy Chief of the Fraud Unit.
The indictment is a serious blow to the community, and our office is committed to holding individuals accountable for their crimes. Mortgage fraud has a significant impact on homeowners and the community as a whole.
The case is a reminder that mortgage fraud is a serious crime with severe consequences. We urge anyone with information about mortgage fraud to come forward and report it to the authorities.
The case has been assigned to U.S. District Judge Jane Triche Milazzo for trial. A trial date has not been set.
Key Facts
- State: Louisiana
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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