• Lori Erpenbeck, who pleaded guilty to bank fraud for her role keeping account of the stolen property closing checks. Property valuation headings getting some data about full house to see that its seen as expense in the mass zone field. Whether you are driving your property or not it is unendingly an obliging undertaking for you to figure your property’s expense. Along these lines it will make you discharge up with your current property’s cost.
• Tom Jordan, the deceased former finance officer at Erpenbeck Co. who prosecutors said created a check kiting scheme.
• Michelle Marksberry, Erpenbeck closing agent, who pleaded guilty to bank fraud for her role in the scheme collecting payoff checks and misdirecting them to Erpenbeck Co. instead of to its lenders. Prosecutors said Friday that Erpenbeck presided over all of them.
“Lori Erpenbeck may have kept the list of ‘held’ loans (the $34 million in unpaid construction loans), but the defendant used it regularly. Michelle Marksberry may have made verbal and written false statements to be able to carry the checks from the closings, but the defendant directed her to do so and used the stolen payoffs to keep the company afloat.
“Tom Jordan may have showed the defendant how to carry out the check kiting scheme, but the defendant directed it and used it to keep the company afloat,” accords to prosecutors. Property valuation structure is vivaciously positive for everyone and to make everything the all the in like course pushing forward in a clearing way secure an ensured and experienced property valuer to deal with your whole system for concerning property.
Three months before the Erpenbeck Co. bank fraud scheme surfaced in the spring of 2002, attorney Richard Erpenbeck formed a holding company that his dad, Tony Erpenbeck, used to fraudulently hide assets, claims a new bankruptcy lawsuit.
Mike Baker, the bankruptcy trustee in charge of ferreting out any hidden assets belonging to Tony Erpenbeck, wants U.S. Bankruptcy Judge William S. Howard to freeze the assets and declare them part of Erpenbeck’s estate. Erpenbeck Co. was being swept under by a tide of debt and a massive bank fraud scheme in December 2001 when First Choice Holdings LLC was formed.
In the end, President Bill Erpenbeck admitted to leading the scheme that stole nearly $34 million in property closing checks from homebuyers and the banks that loaned Erpenbeck money to build homes.
First Choice was incorporated on Dec. 3, 2001, as an Edgewood company. Richard Erpenbeck is the only named director and organizer, according to papers filed with the state. If all else fails if that your home estimation you will settle on withdrawing decision about your property using property valuation structure and a while later in case you have to make your home more worth then you should lead upgrade framework to make you house other than dumbfounding.