Two Texas attorneys are among 40 people indicted in connection with an alleged $20 million mortgage fraud involving 114 houses. On Tuesday, U.S. Attorney John M. Bales of the Eastern District of Texas announced the 16-count indictment in United States v. Barry, et al., which a federal grand jury returned March 10. Daniel Ayers and Anthony Flores, who owned and operated Ayers & Flores in Plano, Texas, are identified collectively in the indictment with a woman as “title company attorneys or escrow officers.”
The indictment alleges they were part of a group of real estate agents, property finders, mortgage brokers, escrow officers, property appraisers and “straw buyers” whom John Barry of Windemere, Fla., solicited through his TKI Group Inc. and JAB Consulting to obtain money from lending institutions “by making materially false and fraudulent pretenses, representations and promises.” The indictment alleges that Ayers and Flores “acted as points of contact between mortgage brokers, real estate agents and buyers and sellers of real estate in order to arrange, facilitate and monitor real estate closings.”
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