Skip to comments.Former HUD-OIG Special Agent In Charge Indicted on Mortgage Fraud Charges
Posted on 03/05/2014 7:16:00 PM PST by DogByte6RER
Former HUD-OIG Special Agent In Charge Indicted on Mortgage Fraud Charges
Herschell Harvell, Jr., 53, Conyers, Georgia, made his initial appearance in federal court on charges of making false statements to a bank to obtain a mortgage loan and conspiring to obstruct an investigation into his real estate transactions by the U.S. Department of Housing and Urban Development, Office of Inspector General (HUD-OIG).
Until he was terminated in 2013, Harvell was the Special Agent in Charge of HUD-OIGs Atlanta office, which encompasses several southeastern states. Harvells co-defendant and nephew, Tavus A. Wright, 32, Milledgeville, Georgia, also made his initial appearance on federal charges of conspiracy, obstruction of justice, and perjury.
According to the Indictment, and other information presented in court: Between 2007 and 2012, Harvell served as a supervisory Special Agent in several HUD-OIG offices, including as a Special Agent in Charge in Fort Worth and Atlanta. Harvell also owned residential homes in the Atlanta area as investment properties. During 2007 and 2008, he acquired and refinanced several more homes with mortgage loans. In addition, in January and February 2008, Harvell purchased a Precision Tune automobile care franchise, incurring significant expenses in connection with that purchase.
On March 25, 2008, Harvell refinanced one of his rental homes and received over $23,000 in cash. Harvells loan application represented that he had a $70,000 certificate of deposit and that he received $6,180 in monthly rental income from six residential homes. The indictment alleges that these representations were false. It is alleged that Harvell had cashed in the certificate of deposit more than a month before, during the time period that he was purchasing the Precision Tune Franchise. In addition, it is alleged that Harvells houses were not rented or producing the rental income as stated on his loan application. For example, it is alleged that Harvell in fact received less than $900 in rent in March 2008 and for the year to date, had received less than $6,000 total in rental income.
The indictment alleges that during the course of the HUD-OIG investigation of the accuracy of Harvells loan application, Harvells nephew, Tavus Wright, provided false information to agents and perjured himself before the grand jury about whether he had signed a document used to demonstrate to Harvells lender that one of his houses was rented.
Harvell and Wright were indicted by a federal grand jury on February 25, 2014. Harvell and Wright are charged with one count of conspiring to obstruct justice under 18 U.S.C. § 371 and two counts of obstruction of justice under 18 U.S.C. § 1505. Wright also is charged with three counts of perjury under 18 U.S.C. § 1623. Harvell also is charged with two counts of making a false statement to a bank under 18 U.S.C. § 1014.
United States Attorney Yates announced the charges.
This case is being investigated by the Department of Housing and Urban Development, Office of Inspector General, Special Investigations Division, Washington, DC.
Assistant United States Attorney Douglas W. Gilfillan is prosecuting the case.
As a federal law enforcement officer, Harvell was entrusted with supervising mortgage fraud investigations, said United States Attorney Sally Quillian Yates. It is particularly troubling that someone responsible for investigating mortgage fraud is charged with committing it and with obstructing justice to cover up his crimes.
It is a regrettable day for the dedicated, hard-working men and women of our organization. We cannot tolerate or condone the abuse of trust and the violation of the very laws that Mr. Harvell was sworn to investigate and that is why I brought this matter to the attention of the U.S. Attorney, said David A. Montoya, Inspector General of the Department of Housing and Urban Development. I am profoundly disappointed at that break down of our former employees ethical and moral compass.
It should be of little surpirse that a government agency (HUD) that spawned hell holes like Chicago's Cabrini-Green would also spawn thoroughly corrupt federal investigators like this assclown. It's only fitting that "The Great Society" turns 50 years old this year.
FYI ... more news coverage at:
“Conyers man indicted for allegedly lying on loan documents”
That picture is a few blocks away from Cabrini Green.
It’s a brownfield too, at least in the latest Google Maps picture.
What housing development is that, do you know?
I pulled it off of Flickr ... it was described as Cabrini Green
That location could have been part of Cabrini Green.