Why is this couple smiling?

Posted: June 18, 2008 in Headlines, Just "Why?"

Well at the time of this picture, this couple had many reasons to smile (about 35 million reasons). Well it looks like after a long investigation, this couple is finally going to get the big payoff.

Md. Couple Indicted In Fraud Probe

Scam Allegedly Cheated Lenders And Homeowners

By Ovetta Wiggins

Washington Post Staff Writer

Federal authorities charged a Prince George’s County couple yesterday with running a $35 million foreclosure rescue operation that duped lenders and unsuspecting homeowners facing foreclosure in what prosecutors described as one of the largest mortgage fraud schemes in Maryland history.

Joy Jackson, president of Metropolitan Money Store of Lanham, and her husband, Kurt Fordham, were arrested yesterday in North Carolina, U.S. Attorney Rod J. Rosenstein said at a news conference at U.S. District Court in Greenbelt. Jackson, 40, and Fordham, 38, are charged with conspiracy to commit mail and wire fraud, six counts of money laundering, and 15 counts of mail fraud to obtain money and property from homeowners and lenders.

In a 25-count indictment unsealed yesterday, prosecutors allege that Jackson and Fordham, both of Fort Washington, and six other defendants used money from the elaborate scheme to pay for a lavish lifestyle that included luxury cars, houses, jewelry, fur coats and travel. The indictment also mentions Jackson and Fordham’s wedding at the Mayflower Hotel, where Patti LaBelle sang and 360 guests ate lobster and shrimp and drank Cristal champagne. Jackson told friends that the wedding cost nearly $800,000. (more…)

The Cristal mention is what really got me going. Man, there was no shame in their game, huh.

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Comments
  1. Andre says:

    Hey D,

    I’m curious to see how race will factor in to this story. Particularly, I’m interested to see if (1) these folks will get the same slap on the wrist treatment as white CEO types who commit similar white collar crimes and (2) if the so called black community will look the other way just because these con artists are black themselves. Considering that black folks in general tend to issue passes to our own (*shaking my head at the thought*), I wonder how this undeniable story of exploitatation will be received.

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