BG Mortgage Brokers Indicted

A Federal Grand Jury indicts 10 people for conspiracy to commit mail and wire fraud in connection with a Bowling Green mortgage company.

According to the indictment, Larry G. Deaton and Larry Suddeth were arrested by agents of the FBI, Bowling Green Police, and the Warren County Drug Task Force.

They are accused of writing false loan applications and false real estate documents when they worked at either First United Mortgage, First Trust Mortgage, or MBB Mortgage. Authorities also say they found marijuana and drugs in the mortgage office on Destiny Lane.

Deaton is currently out of jail, on condition he undergo substance abuse treatment and stay out of the mortgage brokering business. If convicted, the maximum penalty is five years in prison and a $250,000 fine.

Also charged in the indictment are: Michelle C. Deaton, James A. Barnes, Tracy R. Cline, J. Christopher Janes, Joseph C. Janes, Jessie Dawn Rich, Joe B. Murphy, and Robert J. Stamps. They are to be arraigned Sept. 18.

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