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September 14, 2011

Federal-State Partnership Leads to First Mortgage Fraud Indictments

(DES MOINES, Iowa)  A federal grand jury indicted five people on mortgage fraud charges, in a case led by the Federal Bureau of Investigation with assistance from the Iowa Attorney General and the Iowa Division of Banking.

Nicholas A. Klinefeldt, U.S. Attorney for the Southern District of Iowa, announced the indictments Wednesday.  One indictment charges Jason Kibbee, 37, of Kellogg, with one count of wire fraud and one count of making a false statement to a financial institution.  The other indictment charges conspiracy to commit wire fraud against Lane Anderson, 37, of Altoona, David Mable, 46, of Urbandale, Shannon Flickinger, 42, of Earlham, and Paul Kramer, 41, of Granger.

The indictments follow the formation of the Iowa Mortgage Fraud Working Group to combat mortgage fraud in the Southern District of Iowa.  U.S. Attorney Klinefeldt and Iowa Attorney General Tom Miller announced the federal-state partnership in December.  The group identifies and investigates targets for criminal prosecution in the Southern District of Iowa and performs other important functions in the fight against mortgage fraud.

“This is exactly the combined effort we envisioned when we formed and announced this partnership,” said Miller.  “I commend the all the hard work by the FBI and U.S. Attorney to pursue alleged mortgage fraud and I look forward to continuing this joint effort.”

Miller noted this partnership and indictments are separate from the national mortgage foreclosure and servicing civil investigation and settlement negotiations that he is leading on behalf of 50 state attorneys general.

An indictment is merely an accusation, and all defendants are presumed innocent until and unless proven guilty.


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