Real Estate Fraud
Real Estate Fraud News
Former Edmond real estate agent Ann Campbell is going to federal prison.
Campbell, 66, has been sentenced to two months, plus two years of supervised release and fined $4,000 for conspiracy to commit wire fraud in connection with mortgage fraud in the sale of homes in Edmond's upscale Oak Tree addition.
She also was ordered to pay $52,490 in restitution. She remains free on bail until reporting to prison or a magistrate no later than July 16, court documents show.
The prison's location could not be confirmed late Thursday.
Campbell — Theresa Ann Campbell in court documents — had asked U.S. District Judge Joe Heaton for probation, citing her failing health and extensive community and church service over the course of a real estate career that spanned more than 30 years.
Through her attorney, Dan Webber, she declined to comment.
"Ann is glad this episode is behind her,” Webber said. "She just wants to complete her short sentence and return to her family.”
Webber said the judge considered her poor health and community service — and the fact that she already had had her state-issued real estate license revoked — in handing down the sentence.
After a two-hour sentencing hearing May 29, Heaton opted to follow sentencing guidelines less than the 10 to 16 months he could have considered for the conviction, Webber said.
Campbell was involved in three home sales that involved mortgage fraud, prosecutors said. She pleaded guilty in December to conspiracy to commit wire fraud in the sale of a home at 5916 Morning Dove Lane near her own home.
Prosecutors said Campbell, representing the seller of the house, conspired with another agent representing the buyer to falsify a document that said the seller would pay certain closing costs that then were "kicked back” to the buyer through a title company account belonging to Campbell. The original list price of the home, $235,000, was raised to $310,000 on documents used at closing, prosecutors said.
Webber said Thursday that he and prosecutors agreed that Campbell did not know how "phony repair allowances” or down-payment assistance funds in the deal were to be used and that she "did not receive a dollar” from them. He said he and the government also agreed at the sentencing hearing that "there were three properties that had something not properly reported” on closing documents. Several others involved in mortgage fraud in Oak Tree remain to be sentenced. Campbell was the most prominent of those investigated.
Campbell is no longer a Realtor, said Connie Hamilton, president of the Edmond Board of Realtors. Hamilton said Campbell's membership in the trade organization ended when the state revoked her real estate license in January.
The Oklahoma Real Estate Commission's investigation of Ruth Boss, Campbell's sponsoring broker at RE/MAX Associates in Edmond, continues, a spokeswoman said Thursday. Boss is a co-owner of Dominion Group, which owns RE/MAX Associates.
Campbell, 66, has been sentenced to two months, plus two years of supervised release and fined $4,000 for conspiracy to commit wire fraud in connection with mortgage fraud in the sale of homes in Edmond's upscale Oak Tree addition.
She also was ordered to pay $52,490 in restitution. She remains free on bail until reporting to prison or a magistrate no later than July 16, court documents show.
The prison's location could not be confirmed late Thursday.
Campbell — Theresa Ann Campbell in court documents — had asked U.S. District Judge Joe Heaton for probation, citing her failing health and extensive community and church service over the course of a real estate career that spanned more than 30 years.
Through her attorney, Dan Webber, she declined to comment.
"Ann is glad this episode is behind her,” Webber said. "She just wants to complete her short sentence and return to her family.”
Webber said the judge considered her poor health and community service — and the fact that she already had had her state-issued real estate license revoked — in handing down the sentence.
After a two-hour sentencing hearing May 29, Heaton opted to follow sentencing guidelines less than the 10 to 16 months he could have considered for the conviction, Webber said.
Campbell was involved in three home sales that involved mortgage fraud, prosecutors said. She pleaded guilty in December to conspiracy to commit wire fraud in the sale of a home at 5916 Morning Dove Lane near her own home.
Prosecutors said Campbell, representing the seller of the house, conspired with another agent representing the buyer to falsify a document that said the seller would pay certain closing costs that then were "kicked back” to the buyer through a title company account belonging to Campbell. The original list price of the home, $235,000, was raised to $310,000 on documents used at closing, prosecutors said.
Webber said Thursday that he and prosecutors agreed that Campbell did not know how "phony repair allowances” or down-payment assistance funds in the deal were to be used and that she "did not receive a dollar” from them. He said he and the government also agreed at the sentencing hearing that "there were three properties that had something not properly reported” on closing documents. Several others involved in mortgage fraud in Oak Tree remain to be sentenced. Campbell was the most prominent of those investigated.
Campbell is no longer a Realtor, said Connie Hamilton, president of the Edmond Board of Realtors. Hamilton said Campbell's membership in the trade organization ended when the state revoked her real estate license in January.
The Oklahoma Real Estate Commission's investigation of Ruth Boss, Campbell's sponsoring broker at RE/MAX Associates in Edmond, continues, a spokeswoman said Thursday. Boss is a co-owner of Dominion Group, which owns RE/MAX Associates.
