National Radio Show Host Warren Ballentine Indicted in $10 Million Mortgage Fraud Scheme

warren ballentine 178x300 National Radio Show Host Warren Ballentine Indicted in $10 Million Mortgage Fraud Scheme

National Radio Show Host Warren Ballentine Indicted in $10 Million Mortgage Fraud Scheme (Photo credit: Facebook)

WARREN BALLENTINE INDICTED:  Radio show host Warren Ballentine has been indicted in a $10 million mortgage fraud scheme, federal officials disclosed Monday. Ballentine, who calls himself the “people’s attorney” allegedly helped obtain nearly 30 mortgages in which buyers fraudulently qualified for loans based on false documents. The schemes allegedly took place between Dec. 2004 and May 2006. Warren Ballentine is scheduled to appear at the Dirksen U.S. Courthouse on Feb. 5 on six counts of bank fraud, false statements and mail and wire fraud.

Warren Ballentine was indicted last week by a federal grand jury for defrauding lenders by scheming with others to obtain nearly 30 bogus mortgage loans, according to the U.S. Attorney’s office in Chicago.

Ballentine is listed on WVON Radio’s web site as hosting a show from 3 to 6 a.m. Monday through Friday. The web site referred to him as “The People’s Attorney” and listed the name on his email address as “truthfighters.”

According to prosecutors, Ballentine helped obtain nearly 30 mortgages in which buyers were fraudulently qualified for loans based on false documents. The schemes took place between December 2004 and May 2006, authorities alleged. Source

I have been following Warren Ballentine’s Facebook page activity and someone needs to tell him to be careful about what he posts on social media. He said he’s being asked to take time off the air. Maybe he should. The charges against him are pretty hefty and very serious. He is facing up to 30 years in prison if convicted of the charges. He is also saying that he is innocent and didn’t make the kind of money the alleged in the indictment. Let us remember that an accused is innocent until proven guilty.

If you live in the Chicago or Atlanta area, you may recall hearing about Debt Stoppers Law Firm, (Robert J. Semrad & Associates), a bankruptcy law firm. Warren Ballentine is a partner in the firm. A check of the Better Business records on the company shows it with a C- rating. A constant thread that played on his radio show is “when the dollar is worthless you don’t want to be in debt.”

Here’s more from the press release issued by the Justice Department:

According to the indictment, between December 2004 and February 2005, Ballentine schemed with others to fraudulently cause various lenders to make at least eight loans totaling approximately $3.6 million by making false statements in loan documents, including applications, HUD-1 settlement statements, and occupancy statements concerning the buyers’ intention to occupy the homes they purchased as a primary residence. Ballentine then represented buyers recruited by others at real estate closings, knowing that they had signed and submitted false documents and had been fraudulently qualified to purchase the properties in Chicago, Monee, Woodridge, and Mokena.

Between February 2005 and May 2006, Ballentine allegedly engaged in a similar, separate scheme with others to fraudulently cause various lenders to make at least 20 loans totaling approximately $6.1 million by making false statements in mortgage documents, including the buyers’ intention to occupy the homes as a primary residence. Ballentine also represented these buyers at closings, knowing that they had been fraudulently qualified for the loans based on false documents, including some that Ballentine advised them to sign at closings. These homes were scattered throughout Chicago and other suburbs, including Country Club Hills, Richton Park, and Markham.

Each count of the indictment carries a maximum penalty of 30 years in prison and a $1 million fine or, as an alternative, the Court may impose a fine of twice the gross gain or twice the loss, whichever is greater, and restitution is mandatory. If convicted, the Court must impose a reasonable sentence under federal statutes and the advisory United States Sentencing Guidelines.

The indictment names Wanda Rivera-Burton and Brenda Tibbs as his alleged co-schemers. Here’s the indictment against Warren Ballentine:

Warren Ballentine Mortgage Fraud Indictment by

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 National Radio Show Host Warren Ballentine Indicted in $10 Million Mortgage Fraud Scheme
Janet Shan is a freelance journalist, blogger and social media consultant. Janet specializes in political and social commentary, as well as business writing. She is the founder and managing editor of the Hinterland Gazette. She is putting the finishing touches on her new novel, a mystery based in the hills on Montego Bay, Jamaica.
  • http://functionalculture.blogspot.com Constructive_Feedback

    Wow Janet.
    ADVICE but NO INDICTMENT OF Warren Ballentine from YOU.

    Just think – if he used his confidence yielded from Black people regarding financial services – I wonder if his ideological / political advocacy given was on the “Up And Up”?

    Do you think that the “Black Press” would LEAD with such an investigation and rebuke of his antics before THE FEDs got wind of him?

    • http://blackpoliticalthought.blogspot.com HinterlandG

      Constructive Feedback — No indictment because a person is innocent until proven guilty. I will have plenty to say if he is convicted. Until then, I am only reporting the news as I read it from the Justice Department press release. He’s in a lot of trouble and I hope justice prevails, whether he is guilty or not.

  • http://www.facebook.com/all.facts.73 All Facts

    Look, when I heard that he had a daughter, I know he was not
    the person he portrayed on the radio. If
    he can get on the air waves and lecture people about how to raise their kids
    and he doesn’t let them know he has a
    daughter, he a person who doesn’t like
    to share their live openly with people, but can criticize others. That’s not genuine. When I heard you had a daughter, all of his
    sale tactics become clear, (DEBT SHOPPER, SKIN PRODUCTS). When I find out that he had a daughter, the
    $1000 from each member for food chains and then switch to MORTGAGES become
    clear. VERIFICATION IS EVERYTHING, “ATTORNEY
    SIGN THESE DOCUMENTS AND THE BUYER AND SELLER ARE ON THE WAY!!!!!” AH
    RIGHT. MEET HAVE THE CLIENTS, SO YOU CAN
    PASS YOUR BUSINESS CARD OUT DUMB DUMB!!! HE SHOULD STOP CALLING PEOPLE YOU DISAGREE
    WITH, “NICKELS” WE KNOW WHAT YOU ARE TRYING TO SAY TO THAT PERSON OF COLOR WHO
    DISAGREES WITH YOU. NOTICE, THEY GOT HIM
    AFTER HE SUPPORT THE PRESIDENT FOR RE- ELECTION. THE FEDS. NO MATTER WHAT DISTRICT TELLS WASHINGTON
    ABOUT A BIG TIMER WHO HANGS OUT WITH “50 CENT” THAT THEY HAVE EVIDENCE OF A
    CRIME. BEING SOMEONE WHO HAD A LOT OF
    POWER IN THE “BLACK COMMUNITY” AND NOT LET THE WORLD KNOW YOU HAVE A CHILD JUST
    DOESN’T SIT RIGHT ME. AND WHOEVER CAN’T SEE IT IS BLIND!!!!!!!!!!!!!!!!!!!!

  • NewVoices OutreachInternationa

    Please, people. Notice the date of the alleged schemes. They were prior to his involvement with JENA 6. Don’t forget that anytime a new leader arise in the black community and start receiving national and worldwide attention, they will be vigorously invested. This means you too. We need to learn that no matter what has happened ‘within’ our communities; if it was not publicized prior to our leaders’ opening our eyes to injustice in America; it apparently was not that important to begin with. But once we begin opening the eyes of our people; that is when the scandals, and divide and conquer games of white people; and, the government start up. Don’t be fooled by this. We need to keep our people lifted up; because no one else is going to.