Leawood man pleads guilty in mortgage fraud

By STEVE ROSEN

The Kansas City Star

More News

A defendant in a $14 million bank fraud indictment has pleaded guilty to mortgage fraud.

Wildor Washington Jr., 39, of Leawood pleaded guilty to one count of conspiracy, seven counts of wire fraud and three counts of money laundering.

In his plea, Washington admitted that in 2003 he conspired with other defendants to obtain mortgage loans by substituting inflated property appraisals and other false information to lenders, according to a statement Thursday from U.S. Attorney Lanny Welch in Kansas City, Kan.

Sentencing on Washington is scheduled for Feb. 8. He faces a maximum penalty of 20 years and a fine up to $250,000 on each of the wire fraud charges; a maximum penalty of five years and a fine up to $250,000 on the conspiracy charge; and a maximum penalty of 20 years and a fine up to $500,000 on each count of money laundering.

Four co-defendants are scheduled for sentencing either next month or in early January.

A fifth co-defendant, Scott Alexander, was sentenced recently to 12 months and a day and ordered to pay more than $1.7 million in restitution.

Posted on Fri, Nov. 13, 2009 10:39 PM

Buzz Up

Comment (0)

Join the discussion

Share your observations and experiences about news. Lively, open, civil debate is the goal. Please refrain from personal attacks or comments that are racist, vulgar or otherwise inappropriate. If you see an inappropriate comment, please click the "Report as abuse" link.