A grand jury has indicted five Iowans on mortgage fraud charges.
Thirty-seven-year-old Jason Kibbee of Kellogg has been charged with one count of wire fraud and one count of making a false statement to a financial institution. The Indictment alleges Kibbee used a disabled relative as a “straw buyer.”
The other indictment charges four other Iowans with conspiracy to commit wire fraud. Thirty-seven-year-old Lane Anderson of Altoona; 46-year-old David Mable of Urbandale; 42-year-old Shannon Flickinger of Earlham; and 41-year-old Paul Kramer of Granger are accused in the alleged conspiracy.
According to the U.S. Attorney, they tried to “obtain at least 13 mortgage loans through the use of false statements, straw buyers, and other false and fraudulent pretenses.”
The five Iowans face up to 30 years in prison and a fine of up to a million dollars if convicted of the charges.