Loan broker faces charges tied to $1M...

Loan broker faces charges tied to $1M in foreclosures

There are 240 comments on the The Indianapolis Star story from Apr 27, 2007, titled Loan broker faces charges tied to $1M in foreclosures. In it, The Indianapolis Star reports that:

“Indiana's high rate of mortgage fraud is one of the greatest threats to this state's economy”

DANVILLE, Ind. -- A probe by state mortgage-fraud investigators has led to charges against an Indianapolis loan broker accused of swindling clients out of more than $1 million. via The Indianapolis Star

Join the discussion below, or Read more at The Indianapolis Star.

Jen

Fort Recovery, OH

#117 Feb 19, 2008
A Hendricks County jury today convicted an Indianapolis man charged with swindling clients out of more than $200,000.


Jason Keigley, 35, was arrested last year after a lengthy investigation involving the Indiana Secretary of State’s office. Hendricks County Prosecutor Patricia Baldwin said Keigley, then owner of 1st Place Mortgage in Indianapolis, was unlicensed when he recruited a Danville couple into an investment scheme. They took out mortgages on three Hendricks County homes that ended in foreclosure, she said.

The trial in Hendricks Superior Court 3 lasted four and a half days, with Keigley acting as his own attorney. Keigley remains at the Hendricks County Jail, where he has been held for nearly one year.

After two hours of deliberation, the jury found Keigley guilty of sale of unregulated securities, transacting business by an unregistered broker-dealer, fraud in connection to the offer or sale of a security, and loan broker fraud, all felonies.

Sentencing will be March 17. Keigley could face up to 25 1/2 years in prison.
Jen

Fort Recovery, OH

#118 Feb 20, 2008
An Indianapolis man faces more than 25 years in prison after a Hendricks County jury found him guilty Tuesday of swindling clients out of more than $200,000.


Jason Keigley, 35, was arrested last year after a lengthy investigation involving the Indiana secretary of state's office. Keigley, then-owner of 1st Place Mortgage in Indianapolis, used a complicated mortgage scheme to raise money for investments.
"This is definitely an example of a white-collar crime," Hendricks County Prosecutor Patricia Baldwin said after Keigley's trial in Hendricks Superior Court. "It involved at least one victim losing everything he had worked for all his life."
After two hours of deliberation, the jury found Keigley guilty of selling unregulated securities, transacting business by an unregistered broker-dealer, fraud in connection to the offer or sale of a security, and loan broker fraud, all felonies.
When Keigley was arrested in April, officials said he was employed as a loan broker by a licensed mortgage broker at the same time he operated his own company. He hid transactions from his employer, funneling them through 1st Place Mortgage, investigators said.
Mortgages on three Hendricks County houses went into foreclosure as a result of the investments. The houses were valued at a combined $1 million.
Keigley was convicted of defrauding clients of a lesser amount because some of the initial counts against him were dropped or amended for trial, Baldwin said.
Officials say Keigley, whose broker's license was revoked in 2004, ran afoul of Indiana law because he failed to disclose he was not a licensed loan broker and misled a seller and other real estate professionals about which mortgage company was handling a transaction. He also failed to register $26,065 invested by a Danville couple with the secretary of state's Securities Division.
Sentencing will be March 17. He faces up to 251/2 years in prison.
The trial lasted 41/2 days, with Keigley acting as his own attorney. He remains in the Hendricks County Jail, where he has been held for nearly a year.
Jen

Fort Recovery, OH

#120 Feb 20, 2008
Start talking. Looks like you've been asked this several times.
Stacey wrote:
I'll tell ya everything I know, I dont give a crap. All of those people at First Place need to be prosecuted. I'll give any information I know to anyone else who asks.
Mike

Indianapolis, IN

#122 Feb 20, 2008
Wow, so when comes the rest of the clan being convicted?
Piggy Bank

Delaware, OH

#123 Feb 20, 2008
Interest rates are great now. Time to refinance.

It's also a great time to buy homes. Lot's of inventory out there with motivated sellers.

Don't waste your money on paying rent. Buy, invest.

Don't forget about closing costs. Be smart, don't be DUMB.
joke

Fort Recovery, OH

#126 Feb 20, 2008
must be his ex who worked as a realtor hand in hand with Keigley. She went on to the northside when things got hot around here. Funny how she now shares an office with yet another mortgage company and offers credit restore. Damn I smell a rat
Piggy Bank wrote:
Interest rates are great now. Time to refinance.
It's also a great time to buy homes. Lot's of inventory out there with motivated sellers.
Don't waste your money on paying rent. Buy, invest.
Don't forget about closing costs. Be smart, don't be DUMB.
Dion

Fort Recovery, OH

#127 Feb 20, 2008
Manipulations used to be your strong point Jason. Defending yourself couldn't get it to fly huh?
Greg

United States

#129 Feb 20, 2008
He's one of the fe idiots out there that actually smiles in a mugshot. I mean, did he actually think he was going to get away with this?
Mike

Indianapolis, IN

#130 Feb 21, 2008
Yeah exactly, idiot. I guess he's going to try to appeal
the clan

Indianapolis, IN

#137 Feb 21, 2008
Prestige Mortgage Corp.
2346 S Lynhurst Dr # B206
Indianapolis, IN 46241

----------
Contact(s):
Cindy Bennet, Loan Officer
Prestige Mortgage Corp.
2346 S. Lynhurst
Indianapolis,IN 46241
email: Contact Cindy
update

Jason Keigley, President
Prestige Mortgage Corp.
3040 Salamonie Drive
Indianapolis,IN 46203
email: Contact Jason
Greg

United States

#141 Feb 26, 2008
So the saga ends with Jason Keigley....or has it?? Who's next?
John

Indianapolis, IN

#144 Mar 12, 2008
got 10 years in prison max allowed by law
inq minds wanta know

Indianapolis, IN

#145 Mar 13, 2008
Please tell more. When is your organization going to do this?
After-math wrote:
Yes, as in further investigation as to numbers posted by my organization along with government has indictments to handed out. There are far more people involved as well as some investigations that our ongoing show that personal identity theft to show verifications, transactions ect... More to come....
enlighten me Mike

Lafayette, IN

#151 Mar 14, 2008
enlighten me Mike!!! This stuff is two years old
BYOB

Indianapolis, IN

#152 Mar 15, 2008
As I stated all along it is my understanding Holt isn't standing any charges here. She was only one of Jason's puppets caught up in his web. I agree some here seem quite obsessed with her. Then again almost all who worked in that office had some serious issues so we'd expect nothing less. Why don't you all go report to your probation officers and leave the ones NOT guilty alone! You all knew what was going on and didn't report it. There are senior citizens with their lives and credit ruined because of this. YOU did nothing. As long as you were collecting a paycheck, you didn't care. Julie stepped up and told what she knew. You all are in hiding because you know you are guilty of helping with these crimes.
Indy Max wrote:
<quoted text>
Greg the Dreg:
The court proceedings clearly delineate that ‘Holt’ is NOT a subject of concern in any investigations. If anything ‘Holt’ was most instrumental in bringing justice to the table and setting the facts straight.
What on earth is your morbid obsession with ‘Holt’? You sound like a buffoon on a witch hunt, in desperate hopes of charges being filed whether warranted or not. What is your true agenda…bub?
Nick

United States

#153 Mar 17, 2008
Indy Max wrote:
<quoted text>
Greg the Dreg:
The court proceedings clearly delineate that ‘Holt’ is NOT a subject of concern in any investigations. If anything ‘Holt’ was most instrumental in bringing justice to the table and setting the facts straight.
What on earth is your morbid obsession with ‘Holt’? You sound like a buffoon on a witch hunt, in desperate hopes of charges being filed whether warranted or not. What is your true agenda…bub?
You sound like a desparate man with a crush.
Dawg-of-war

Indianapolis, IN

#154 Mar 17, 2008
Nik-oh-lust:

You write like a pole-smoker with a fist up his a r s e-hole!
Nick

Indianapolis, IN

#155 Mar 17, 2008
Dawg-of-war wrote:
Nik-oh-lust:
You write like a pole-smoker with a fist up his a r s e-hole!
You write like you're in to that kind of stuff. Now stop describing yourself.
quality

Indianapolis, IN

#156 Mar 17, 2008
more quality 1st place mortgage employees
Dawg-of-war wrote:
Nik-oh-lust:
You write like a pole-smoker with a fist up his a r s e-hole!
amusedbythisblog

Olathe, KS

#157 May 5, 2008
I had to see it for myself. This is hilarious! I want to know why someone is on here saying we are all quilty and that we are all getting in trouble???? The only people who knew anything about this crap was the ones doing the loans. If I remember correctly we were all in "training" no one was doing their own loans let alone seeing anything Keigley was doing with his!!!! The only one quilty of anything is spending time in jail! How would any of us from downstairs know what Jason was up to? Were we processing the loans? Were we assisiting him with the loans???? NO!!! It is not an offense to work for someone who is a fraud if you yourself do not know about it, or do any fraud yourself!!!!

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