Two men indicted in Montana fraud allegations
On June 6, 2007 an indictment was filed in the Helena Division of the Montana District Court accusing Scott William Hilgers and Todd Jeremy Rice of a scheme to defraud mortgage lenders.
Hilger was a mortgage broker working for Tri-West Mortgage in Helena, Montana and he is alleged to have falsified income and other details to enable Price to obtain 4 mortgage loans (see below) that he would not normally have qualified for and falsely represented that Price would occupy all four properties. The four mortgages totaled $686,000.
The properties mentioned in the indictment are:
350 Woodson Rd., Helena, Montana
1560 Gallatin Ave., Helena, Montana
1306-1308 Poplar St., Helena. Montana
8560 Applegate Drive, Helena, Montana.
Both men were arraigned on June 28, 2007 when they entered not guilty pleas. Their trials are set to proceed on August 13, 20007.
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