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Court documents [To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.] from the Eastern District of Virginia show that on January 15, 2009 Godwin Asifo, of Alexandria, VA and who is an agent for To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily., was indicted in an alleged scheme to defraud mortgage banks. The indictment states that from about May 2005 to about June 2006 he was involved in a scheme where he and other unnamed individuals recruited straw buyers to obtain mortgage loans to facilitate the purchase of properties that Asifo promised to manage on their behalf by seeking renters and making the mortgage payments. He also promised the straw borrowers that after about 6 months he would look for new purchasers for the properties.
Asifo is alleged to have paid the straw buyers for their help and promised to share the proceeds of any future sale. To further the scheme Asifo worked with mortgage brokers to falsify information on the loan applications, including hiding the true source of down payments and falsifying income and employment details to show borrowers working for companies controlled by him.
The indictment lists 3 properties involved in the scheme:
3091 Tecumseh Court, Woodbridge, Virginia
5712 Carribean Drive, Haymarket, Virginia
42451 Rockrose Square, Ashburn, Virginia
On January 23, 2009 Asifo was arraigned and is due in court for a jury trial on April 7, 2009.


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