2nd Co-Conspirator Goes Down In Metro Dream Homes' Alleged $70M Ponzi Scheme

From the Office of the U.S. Attorney (Maryland):

• Charlotte Melissa Josephine Hardmon, age 39, of Bowie, Maryland pleaded guilty [Monday] to conspiracy to commit wire fraud in connection with her participation in a massive mortgage fraud scheme which promised to pay off homeowners’ mortgages on their “Dream Homes,” but left them to fend for themselves, announced United States Attorney for the District of Maryland Rod J. Rosenstein.

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• According to her plea agreement, beginning in 2005, co-conspirators targeted homeowners and home purchasers to participate in a purported mortgage payment program called the “Dream Homes Program.” In exchange for a minimum of $50,000 initial investment and an “administrative fee” of up to $5,000, the conspirators promised to make the homeowners’ future monthly mortgage payments, and pay off the homeowners’ mortgage within five to seven years.

For the entire press release, see Second Conspirator Pleads Guilty in $70 Million “Dream Home” Mortgage Fraud Scheme.

For the indictment of four of the other alleged co-conspirators, see U.S. v. Williams, et al.

Go here for earlier posts on Metro Dream Homes.