Straw loans, appraiser fraud & kickbacks
Mountain Adventures Properties Investments partnership (MAPI), Steamboat Springs, Colorado.
Editor's note: This is only part of the Colorado of the case evidence presented to the Colorado FBI on December 28, 2008. The description below was provided by one of the Colorado landowner victims' crimes. I added the tax credit information that had not been fully uncovered at the time.
Note: The FDIC sued straw-loan-buyers to recovery loans, and DOJ charged Doughty for straw-loans. Both the FDIC and DOJ ignored the down payment kickbacks paid out of funds stolen from victims.
For more Info
|MAPI Executive Brief||View|
|MAPI Overview, Structure & Membership Interest. Diagram.||View|
|Unauthorized Refund of Down Payments to Memo PCU ||View|
|Unauthorized Refund of Down Payments to Mt. Harris Lot Investors ||View|
|See FBI v FDIC v DOJ - three-way contradictions in versions of crimes to cover-up without investigating. Diagram.||View|
Re: Victims. Roger Johnson, manager of GCHC, one of two MAPI landowner partners and majority owners/managers. The other was 4S Development, managed by Ron Sills. The Altus bank group controlled the books and very the culprits.
As an example, I am attaching closing documents that show closed sales at Mt. Harris and then unauthorized "kickbacks" to the buyers...buyers being FSB associates or affiliates. The "kickbacks" take the form of refunds of the buyer's down payment back to the buyer from MAPI (the seller). You will notice that the "kickbacks" or refunds to buyers do not show up on the settlement statements that I signed, and in several cases, Don Anderson crossed out my name and signs for MAPI as the seller. This is because he had the title company cut two checks...one to go to the seller (MAPI) and another which could be deposited into another account to send back to the buyer or other destination. In some cases, no proceeds went to MAPI at all.
The legal opinions I've received indicate that this is 1) theft in that Anderson/Doughty/Grissom had no right to disperse MAPI money back to their buyers without approval from MAPI and; 2) bank fraud in that the buyers have no "skin in the game" since they got their money back right after closing and I'm sure this was not disclosed to a loan committee any more than it was to MAPI.
|DOJ Charges||Lot buyers||DOJ Name used||Called as witness||Down payment kickback||Lots Grassy Creek At Mt. Harris||Oklahoma Tax Credits|
|C. Joseph Ramos||J.R.||Yes||$100,000||1, 40|| |
|DOJ hid *||Matthew Griffith (attorney) owner of Edisn Ventures, LLC (1) ||E.V. ||$70,492||14||Yes|
|pleaded on 1 count||Fred Don Anderson owner of Global Industrial Management, LLC (2)||GIM||Yes||$145,336||22, 23||Yes|
| ||Joe Leverett||J.L.||Yes Count 4||$70,000||35||Yes|
|Michael C. Carter||M.C.||$100,000||5, 6, 15|| |
|The Crow Family LP, Nevada||T.C.||Yes||$100,000||11, 37, 39|| |
|William C. Ray (3)||W.R.||$70,000||7||Yes|
|Convicted on 9 counts||Paul Doughty||By defense||$68,263||38||Yes|
|Convicted on 9 counts||Paul Doughty||By defense||$72,500||22||Yes|
|Anita Sills **||A.S.||$140,000 Paid to Mark Sills||8|| |
|Dale Neffendorf **||D.N.||$140,000 Paid to Mark Sills||29|| |
|Mark A. Sills**||M.S.||$140,000||9|| |
| ||David (4) and Suzie Braddock||D.B.||David Braddock Count 5||None||10||Yes|
| ||Ghost Hole Partners, LLC David C. Hock, David J. Fitzpatrick||G.H.P.||Yes Count 3||None||13|| |
|Karen Gan; K. Gonzalez: Kona Sunset Revocable Trust Dated Oct 3 2007||K.G.||None||28|| |
|Shawn M. Sills (5)||S.S.||None||30|| |
|1) DOJ protecting, Matthew Griffith, one of Doughty's attorneys, who the kickback was paid; one of Oklahoma's 2006 unidentified cover-up attorneys, and one of the attorneys the FDIC accused. |
|2) Global Industrial Management, LLC, dba Altus Ventures|
|3) William C. Ray, former drug dealer, pardoned by Pres. Bill Clinton, after donating to the Clinton Library|
|4) David Braddock, one of Doughty's attorneys and Oklahoma State Legislator involved in tax credit legislation|
|5) Kickbacks paid Mark Sills for Anita Sills & Dale Neffendorf. Mark A. Sills who also made the down payments|