Cuyahoga Prosecuting Attorney announces indictments in 4 fraud cases

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To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. continues his efforts to combat mortgage fraud and predatory lending. Four more cases of mortgage fraud were indicted today, involving 26 individuals and entities, four houses in Solon, totaling over $2.6 million in fraudulent loans.

Today’s indictments bring the total to 12 cases that have been indicted since the beginning of the year. These cases total 134 defendants and over $8.4 million in fraudulent loans for 60 properties located in ten communities: Shaker Heights, Oakwood Village, Cleveland, East Cleveland, Cleveland Heights, Solon, Pepper Pike, Garfield Heights, Brook Park, and Brooklyn. For more on the Prosecutor’s Office’s efforts to address these types of fraud and the foreclosure crisis, including a Q and A on mortgage fraud and predatory lending, visit the Cuyahoga County Prosecutor’s Office website: To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily..

The first Solon case involves Gerald Sizemore, 40, of Sandusky, who bought a new house at 35895 Sedge Circle on May 21, 2003 by fraudulently obtaining a loan for $441,000. He submitted false income and bank statements, claimed he had three rental properties to boost his assets, and claimed he was going to live in the house but had no intention of doing so. Also participating in this scheme was James Sims, a loan officer and owner of his mortgage broker company, Country Home Mortgage of Ohio. Sims was also indicted in another Solon mortgage fraud case that Prosecutor Mason filed in January. Also indicted was Carol McGlothin aka Smith, an agent and unlicensed broker for Country, who received $11,000 in “broker fees.” Robert Hawes and Robert Huff were indicted for assisting in providing a bogus down payment. Each defendant was indicted on several theft and forgery related charges. Each of these felonies ranges in prison time from one to five years. The house was in foreclosure and recently sold at a public auction; it is now vacant.
See subsequent entries for the remaining cases.
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