Federal Wire Fraud Charges Filed Against Online Mortgage Loan Officer

Kansas City, Kansas - infoZine - Jesse James K. Lamm, 42, Olathe, Kan., is charged with eight counts of wire fraud. He is accused of fraudulently inflating existent estate assessments so that mortgage loans would be approved that otherwise would not have got been approved. In that manner he increased his income from committees on the mortgage minutes he handled. According to the indictment, from July 23, 2001, to July 9, 2004, Lamm worked for the Depository Financial Institution of Blue Valley, which have six banking locations in Samuel Johnson County, Kan. Helium was employed as a mortgage specializer for the bank's online mortgage operation, which was called InternetMortgage.com. He was one of approximately 120 employees working in an business office at 7900 College Boulevard, Overland Park, Kan. Lamm received electronic mails from valuators containing place appraisals. He forwarded the assessments to another electronic mail address, altered them, and sent them back to his electronic mail computer computer address at work. More than $1.5 million worth of mortgage loans were made as a consequence of the falsified appraisals, the bill of indictment says. If convicted, he confronts a upper limit punishment of 20 old age in federal prison house and a mulct up to $250,000 on each count. The Federal Soldier Agency of Probe worked on the case. Assistant U.S. Lawyer Kimberly Hare and Assistant U.S. Lawyer Marietta Charlie Parker are prosecuting.