17 Indicted In 'Operation Wax House' Mortage Fraud Scheme

5:19 PM, Oct 24, 2012   |    comments
  • Share
  • Print
  • - A A A +

Charlotte, NC -- Federal investigators charged 17 people with racketeering, investment fraud, mortgage fraud, bank bribery, and money laundering, according to unsealed documents from the US District Court on Wednesday.

A news release from the U.S. Attorney's Office for the Western District of North Carolina said that 14 more people will plead guilty to charges connected to "Operation Wax House," totalling 81 defendants. Operation Wax House is a mortgage fraud investigation that started in the Western District in 2007.

The indictment was handed down by a federal grand jury in Charlotte on July 26, 2012, but was sealed until Wednesday.

According to prosecutors, the 17 people belonged to a criminal organization known as the "Enterprise," which primarily operated in Charlotte and Waxhaw. The group stole more than $75 million from investors and mortgage lenders.

* Ramin Amini, 44, of Tehran, Iran, is charged with racketeering conspiracy, mortgage fraud and money laundering conspiracy. Role: Leader and promoter in the scheme. Status: Fugitive.

* Vonetta Tyson Barnes, 38, of Wahiawa, Hawaii, is charged with racketeering conspiracy, securities fraud, wire fraud to defraud investors and money laundering conspiracy. Role: Promoter. Status: Released following arrest and initial appearance.

* Travis Bumpers, 36, of Charlotte, is charged with racketeering conspiracy, securities fraud, mortgage fraud, wire fraud to defraud investors, bank bribery and money laundering conspiracy. Role: Promoter. Status: Fugitive.

* Glynn Hubbard, 35, of Charlotte is charged with racketeering conspiracy, mortgage fraud and money laundering conspiracy. Role: Promoter. Status: In federal custody, pending release on conditions, following arrest and initial appearance. 

* Victoria Hunt, 36, of Charlotte, is charged with racketeering conspiracy, securities fraud, mortgage fraud, wire fraud to defraud investors and money laundering. Role: Leader and promoter. Status: Currently in federal custody pending detention hearing.

* Toby Hunter, 37, of Fort Mill, S.C., is charged with racketeering conspiracy, securities fraud, wire fraud to defraud investors and money laundering. Role: Promoter. Status: Released following arrest and initial appearance.

* Steven Jones, 44, of Waxhaw, is charged with securities fraud, wire fraud to defraud investors and money laundering conspiracy. Role: Promoter. Status: Currently in federal custody pending detention hearing.

* John McDowell, 40, of Dunn, N.C., is charged with racketeering conspiracy, securities fraud, mortgage fraud, wire fraud to defraud investors and money laundering. Role: Promoter. Status: Arrest warrant issued.

* Kurosh Mehr, 52, of Charlotte is charged with racketeering conspiracy, mortgage fraud and money laundering. Role: Promoter and buyer. Status: Currently in federal custody pending detention hearing.

* Ann Tyson Mitchell, 61, of Charlotte, is charged with racketeering conspiracy, mortgage fraud and money laundering. Role: Facilitator. Status: Released following arrest and initial appearance.

* John Wayne Perry, Jr., 31, of Charlotte, is charged with racketeering conspiracy and money laundering conspiracy. Role: Promoter. Status: Released following arrest and initial appearance.

* Donte Thorogood, 34, of Durham, N.C., is charged with racketeering conspiracy, mortgage fraud and money laundering. Role: Promoter. Status: To appear for an initial appearance pursuant to a summons.

* Carrie Tyson, 58, of Winterville, N.C., is charged with racketeering conspiracy, securities fraud, mortgage fraud, wire fraud to defraud investors and money laundering. Role: Leader and promoter. Status: Released following arrest and initial appearance.

* James Tyson, Jr., 32, of Dakar, Senegal, is charged with racketeering conspiracy, securities fraud, mortgage fraud, wire fraud to defraud investors, bank bribery and money laundering. Role: Leader and promoter. Status: Currently in federal custody pending detention hearing.

* James Tyson, Sr., 61, of Charlotte, is charged with racketeering conspiracy, securities fraud, wire fraud to defraud investors and money laundering. Role: Promoter. Status: Currently in federal custody pending detention hearing.

* Nathan Shane Wolf, 41, of Charlotte, is charged with racketeering conspiracy, mortgage fraud and money laundering. Role: Real estate agent. Status: To appear for an initial appearance pursuant to a summons.

* Purnell Wood, 41, of Palmyra, N.J., is charged with racketeering conspiracy, mortgage fraud and money laundering. Role: Promoter. Status: Arrest warrant issued.

Most Watched Videos