Federal indictment accuses two KC residents of fraud
02/26/2013 12:28 AM
05/16/2014 9:16 PM
A federal grand jury has indicted two Kansas City residents in connection with a scheme that allegedly targeted financially strapped clients seeking help to get out of debt.
John Lee Norris, 42, and Julie Tina Hatcher, 37, operated Reaper Investment Partners LLC. According to the indictment made public Monday, they allegedly recruited homeowners and others with promises they would be rescued from financial problems, including foreclosure. Their company, they said, would refinance loans for a lower amount at a 3 percent interest rate. The clients then would pay Reaper instead of their mortgage companies.
When homeowners got later foreclosure paperwork, Norris and Hatcher allegedly told them not to worry.
Some of their clients lost their homes and vehicles, according to a press release from the office of Tammy Dickinson, U.S. attorney for the Western District of Missouri.
The grand jury issued a 21-count indictment that included charges of conspiracy, mail fraud and wire fraud. Hatcher also is charged with Social Security disability fraud.