Indianapolis Feds: Attorney Skimmed $106K In Foreclosure Sale Proceeds From Lender

In Indianapolis, Indiana, The Indianapolis Star reports:

• An Indianapolis lawyer was charged today with bilking a mortgage company of $106,000 from the purchase of foreclosed homes. The U.S. Attorney's office in Indianapolis said Brian L. Nehrig, 43, skimmed profits from 32 foreclosure purchases in Indiana. He was hired by CitiMortgage to place bids for foreclosed homes at sheriff's auctions. He was charged with mail fraud because he mailed checks that were less than he received for selling the properties to third parties.

Source: Feds charge lawyer with skimming foreclosure cash.

See also, Former Fishers foreclosure lawyer faces federal mail-fraud charges (Man allegedly was to place bids on homes for lienholder but bought properties himself).

For the U.S. Attorney (Indianapolis) press release, see Former Attorney Charged With Fraud:

• [According to the charging documents,] Nehrig placed an inflated minimum bidding price for many of the properties at the sheriff’s sale. He then completed sales of the properties with third parties with whom he was associated without CitiMortgage’s knowledge and permission. Nehrig hid the conduct from CitiMortgage by sending CitiMortgage a check for its minimum price plus $1, making CitiMortgage believe its property had sold at the sheriff’s sale in an arm’s length transaction. The charging document alleges that the difference between the funds sent to CitiMortgage and the actual funds received by the deals was $106,122.