Mortgage Fraud Sends St. Louis Man to Jail

ST. LOUIS, Mo. (KMOX) —   John Wicker, 38, of St. Louis was sentenced to twenty four months in prison for a mortgage fraud scheme involving a residence in South St. Louis.

Wicker admitted with his plea in December to “refinancing” his personal residence by orchestrating a fraudulent sale to an associate of his in 2009. Wicker promised the buyer that he would buy the house on paper only and that Wicker would make the payments and continue to reside in the house. As a result of the fraudulent sale, Wicker was able to pay off his delinquent mortgage and pull a sizable amount of cash out of the property.

Prosecutors from the U.S. Attorney’s office said, contrary to his promises to the straw buyer, Wicker failed to make the payments and failed to pay the straw buyer the $10,000 he had promised him for using his name. Ultimately, the mortgage fell into delinquency and the house went into foreclosure. All the while, Wicker and his family had been able to remain in their home rent free.

Wicker admitted to making a false statement to the U.S. Department of Housing and Urban Development with his December plea, and appeared today for sentencing before United States District Judge Carol E. Jackson.

  • Jason

    When she was in her mid 1980s, my mother’s car keys and lesince were taken away from her by a police officer who found her driving the wrong way down a major road at night. At first she was very angry but eventally, with the help of a social worker, she accepted the wisdom of giving up driving. This event turned out to be a blessing, but I shudder to think what kind of accident might have happened. I do think that at some point perhaps age 80 drivers should be routinely checked like the woman in the video by either their doctors or the DMV. We test younger drivers before allowing them to drive; I think testing older drivers is equally valid. Older drivers are far more likely to accept a decision from an authority figure such as a doctor or police officer than one of their grown children.

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