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GoogleIn the meantime, the defense attorney for one of the four already accused in the alleged scheme said that action in his client's case would not move forward until sometime in the fall.
Roger Ritch of Shelbyville, along with William McMahan, Jonathan Henderson and Carrie Snow, all of Murfreesboro, were charged in May with bank fraud and money laundering in an alleged scheme involving hundreds of homes in Shelbyville.
According to Assistant U.S. Attorney Gary Humble, Bradley Aydelott of Houston, Texas has been added as a defendant and surrendered to federal authorities on Monday.
Aydelott, whom Humble identified as an individual who worked for McMahan processing loan applications, is also charged with bank fraud and money laundering.
Also, Humble told the T-G that Snow and Henderson have filed a notice of intent to plead guilty to counts one and four of the federal indictment, which states that the defendant allegedly obtained financing under false pretences and falsely represented the employment status and income of borrowers.
Snow is scheduled to have a change of plea hearing on Aug. 3 before District Judge Harry S. Mattice Jr., while a date for Henderson has not been set, Humble said.
Ritch's attorney, John Norton, said he is still exchanging documents and information with federal officials and told the T-G that Aydelott's attorneys were not able to surrender him until this week.
This required that the scheduling order in the federal case to be modified, Norton explained, so that the Houston man's attorneys would have enough time to prepare for the case.
"We're probably looking at October or later before any dispositional aspect of this case will take place," Norton said.
Humble confirmed that the trial date for Ritch and McMahan, which was initially scheduled for July 28, would likely be reset.
The federal indictments allege that the four devised a scheme to obtain financing under false pretenses for purchasers of residential properties developed by American Value Homes, a construction company that Ritch owned in Shelbyville.
As part of the scheme, the indictment alleges that the defendants did business as Mortgage Processing Services and Value Title, prepared loan applications containing false information, misrepresented the down payment amount made by borrowers, and falsely represented the employment status and income of borrowers.
According to the Bedford County Sheriff's Department, the scheme involved the sale of houses by Ritch's company totalling approximately $30 million, and foreclosure on the fraudulent loans has resulted in a loss to lenders totaling approximately $2.4 million.
The five are currently free after signing an agreement which requires a $20,000 bond that can be revoked by a federal judge if the suspects do anything to violate the terms -- even a traffic ticket could place them back in federal custody.
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Its very sad that they are out of Jail and running the roads like nothing ever happend,while everyones lives they have detroyed here in Shelbyville and trying to pick up the pieces and start over,I dont think they should be out doing what they want,they should be locked up still and doing the time they deserve,this crap will be put off so much that by the time it does hit the courts none of them will do any jail time for their crime. ROGER RICH ESPECIALLY,He has just about ruiend our families home because of what he has done..RICH you deserve everything you get in life!
Did you notice in yesterday's paper Ritch is being forclosed on? The land is around Quarry St and quite a few acres involved. Yes it is sad. I knew he was over inflating the value on many pieces of property they sold. When they sell for next to nothing at the auctions you have to wonder what the people where thinking to give that much for those houses. There are still lots in the Bell Buckle subdivision, wonder what will happen with those.
Oh what a tangled web we weave when first we practice to deceive!
This is just a drop in the bucket...
All Mid. Tn. developers and mortgage companies should be investigated. The Feds just don't have enough manpower.
This is a large part of why our economy is hurting...
If I remember correctly, john norton was quoted by the times gazette earlier to having aggreed to represent some of the home owners and had his huge nose all wrapped around this issue. I smell a huge skunk on the loose and his initial are J.N. and it looks like his affairs need to be investigated also. Good ole john cares nothing about the poor folks of shelbyville just as most of the lawyers there, and if you don't have lots of money, you're on your own, and what little you have they'll take and leave you in the cold. If Obama wants to overhaul anything at all, rather than him screwing up the health system more than it already is, tap in to your rich attorney side kicks. When in the world is the good lord going to put his mighty hands on thesr corrupt attorneys, and shelbyville has its plate full of them. I think there needs to be a tea party protesting these attorneys and putting a cap on their salaries. Let them be in the food lines for a while, Obama, if you want to redistribute the wealth, start with our corrupt judicial system. Lets get some god fearing, believing, down to earth attorneys and judges and get rid of the, "good ole boys" do I need to name names or can anyone in shelbyville put this together rather than me. God be with you all and be with and protect folks like bill doaks, moe johnson, dave reeves, clarence philips, tracy pierce, and many other respectable persons in shelbyville that are at the mercy of the low lifers. amen, amen
Come shelbyville, have you fallen asleep, what has to happen for you folks to have taken enough, is there any life left there or has all left the planet or just given up to the devils.
sounds like a barney scheme to me, 150 years in prison wouldn't be enough, but I'll make a wager that unless the FBI, CIA and everone else doesn't stay pro active, these clowns will only get a slap on the back by the judicial system. John Norton needs 150 years also, hopefully his day is coming. Don't sweep this under the rug, they tried to until I, yes I insured that it was broadcast. I won't mention names, but there are some that are well aware of john nortons exposure to this since the start, where's your balls, do I have to get phil valentine there to wake the dead.
karma
Why do you think Marvin parker went out of town to get an attorney. Theres no justice in the shelbyville judicial system, like many others. they all ought to be sent to the prison the terrorist are in and water boarded, yes I said water boarded, hope I hurt your feelings. At least dick cheney has balls, unlike obama and belosi and the other democratic yo yos. That's what the cia does is lie, how else can they catch the liars on the bad side of life. Remember george and dick took us through 9-11 and made us proud americans again. Has the wolf fallen asleep again, oh my, oh my. I'm a christian and know the bible says to not pass judgement and I'm not, just telling the truth and hoping other christians will realize we have a big problem in the us and we need to be united and fix it. That's why we have a judicial system, to act fairly, quickly and justice to all, and for the unworthy it means displinary actions, and sometime severe. Pete Philips and other honorable men taught me this in my younger years. I still believe in it, we just need to take it back, even if it means calling in the marines and kicking down doors, the proud, the few, the brave, and this comes from a army veteran with many years service to our country, to include 2 1/1 years in iraq. Thank you marines for your service, semper fi, and all other service members, have you thanked your vet today. And thank you Dick Chaney and George bush, both georges, I'd be honored to be invited to your home and break bread with you, just don't forget the fine wine. Remember all that have fallen and been wounded, and the sacrifice they made for you, yes even you john norton and roger ritch, but greed has taken you in a place I pray I never go. Stand up christians of all faiths, unite, be americans again, lets get real folks.
Hey tmixer5:
Marvin Parker didn't go out of town to hire an attorney. He was represented by...John Norton and Kelly Wilson. Keep your aluminum foil hat on tight, and have a nice day.
carrie snow, is she connected to snow and wall realty in murfressboro, whom roger ritches wife works for
I read an article in the times a few days ago that said he retained an attorney I believe in columbia, If I was wrong sorry, if it was john norton, at least ole john did a good some justice, if only he'd do it for the less fortunate, Marvin has a little money, hopefully john didn't take much, the parkers are good folks
Thanks for the update bloodhound
Well I am one that currently lives in GreyStone Estates where the foreclosures happened when this all first came to light. We thought all that had been taken care of and many of us just bought all the foreclosed homes in that subdivision thinking we would be ok, little did we know....
Everyone in Greystone Estates, including myself, has received a letter from attorney Joe Lambert stating that our homes will appear in the Shelbyville TG on July 16, 2009, which it did and our homes are scheduled to be foreclosed on August 10, 2009 at 10:00 am. I have NEVER been late on a house payment, ahead a month actually! This all came to a shock to us as we all thought this was all taken care of during the last foreclosure mess! I have lived in my home for a year now and now because of some greedy crooks I need to move????? Did you know that Ritch lives in a nice fancy house in Indian Hills in Murfreesboro? I hope Ritch gets screwed just as bad in jail as he has screwed everyone in Greystone Estates and in Shelbyville! So I guess my family and I are about to be homeless along with 15 - 20 other families! AND ...answer me this??? If this mess is still going on in our subdivision why in this world are they still selling these houses? A couple just bought a house over there about a month ago and now getting a letter from a attorney stating they are being foreclosed on! Everyone involved should just be ashamed! Greedy greedy fools!
imjustsayin, That is so wrong. Will this forclosure be put on the new owners records? Can an attorney help you keep your homes? If I had one of those homes, I would be calling Andy Cordan from "That is Messed Up", and see if he can help get to the bottom of this. Seem like to me, after the houses have been sold from the first forclosure, they could not retake the houses and forclose on them with the new owners. The new owners need to be reimburrsed all the money they have put in to buying these homes, and should be able to sue those responsible for selling them "if" they were not suppose to be sold.
Andy Cordan contact info is at the top of this link. Their are many stories on there and your story sounds like a very good one as well. My prayers to you all for fair justice.
http://thatismessedup.com/
tmixer5,
Carrie is the former daughter-in-law of 'Snow' of Snow and Wall. Mr. Snow is deceased and his wife married his business partner, Mr. Wall. The Walls,who ran the business quite successfully for years, sold most interests around 1999 or 2000.
No finer people exist than the Walls and rest assured they would have had nothing to do with this scheme.
oh hum oh hum, seems like all is asleep, that is until it happens to them and then they'll be on their own, wishing someone cared, where are the folks that this happened to and their comments, does only a few care. I'm just a innocent bystander, have no dog in this fight, that is of course some ask for help like these folks did when I was approached and told they could get no help from the news agencies or others, has all been put to bed, or are the bellies turned yellow and don't want to make waves. We only go through this life once, maybe we can make a difference for others. Can I at least get an amen.
wups I spoke too soon, Karma
My Name is Tommy N. Hay, and I will like before jump up and down on desk and help you folks get this out to the news agencies if needed, but if you folks let the dog sleep on the porch, I am only one innocent person. My email address is tmixer5@gmail.com please feel free to contact and I'll help guide you, where are the news agencies, where are the elected officials of shelbyville, I know eugene has a good christian heart, where are you, Keep it up, the calvary is on the way.
There's no money in this for John Norton and the other shameful attorneys to represrent the less deprived. I believe Lambert works with the bobo group, if I was an attorney with a conscience I would'n want my hands no where near this foreclosure. This crap has been going on for years and if I hadn't gone to the times gazette and told them that they could run the ad or I would pay for it and put it in the tennessean, it would have not been exposed year before last, there was coverage by the times gazette, and then a couple of news agencies and then put to rest until the arrest. As phil valentine would say, wheres your balls shelbyville, fox news, channel 2,4, 5 and etc. Obama do the right thing, fix your judicial system before you try to fix something else, start at the top, put a curfew on the attorneys, all should have representation, not just cause they have millions and can buy off smart attorneys. Put good judges on the bench, put all attorneys on 7.00 an hour and out law any praticing law without being a member of the 7.00 an hour club. Just cause I don't have dough, I still want the best to represent me without taking all my cash and then saying you have no more money, sorry. Somethings is wrong with america and our judidcial system is the biggest part of it and obama is a big part of that, just look at the way he snow jobbed his way into the white house, has he been down to see or speak with any of you loosing your homes in greystone subdivision, just like before, "NO". Have you received any stimulus money, "NO" Nothings being fixed justed pushed under the carpet, except ole barney whom got 150 years, and the folks he hurt are still hurting, except the attorneys and they got theirs up front. can I get an amen, may br
This message is to imjustsaying, in greystone subdivision, whom were you making your payments to and the other home owners, if you don't feel comfortable over this, I gave out my remail address, just curious, who has been collecting the moneys since the last time this was exposed and not paying the mortgage companies, this was the situation year before last, folks weren't missing a payment, and then wham, bam, thank you mame. I agree that we don't have enought fbi, tbi investigators to get down to business, and time cannot be of the escense due to that, but some of the same scenerios are still in place, and these folks are free due to john norton, has there been a freeze on their assets, who knows how much cash has been transferred to relatives and friends, this is deeper than can be imagined.
I hate to see all these people being done this way. I have some home problems too.But not with these people,but in this town.It is hard to deal with, and right, it is hard to get help.Mayor Ray with the help of the Life of Victory Christian Ministries came together on set up a workshop back in May.On the 23.It ran in the local paper.I went but was surprised of the turn out. Only around 10 or 12.With some many people being done wrong.But it was on the Memorial Holiday weekend too.I am proud to have found this help with my home loans.I am grateful to have this happen here and for what Mayor Ray help do to have this meeting. The people with the Life of Christian Ministries are ( A HUD Approved Counseling Agency )and they can help.I will list the way to get a hold of them. www.LifeVictoryChristianMinistries.com Phone #(615)213-1468
tmixer5 - we all pay our mortgages to different places, for example i pay mine to Chase, we do not pay our mortgage to a indiviual like what was being done b4.. I have of course contacted them (CHASE) on this and they have no clue on what is going on here. What happened is these houses were sold to us with some type of lien on the title/deed that our title co/title ins did not catch. I am now hearing that our title ins co are the ones responsible here and will have to cover the law suit, I dont know how much of this is true. My husband was laid off from work at the beginning of this yr so hiring a attorney is not a option for my family. A friend of mine that lives in greystone went to just talk to one and they charged her $200! that is insane! we are being told by everyone ,even the lawyer that sent the letter telling us that we will be foreclosed on, that the sell WILL NOT HAPPEN. let's just hope they are telling the truth here. I have made so many phone calls, emails etc to get this taken care of , I am now corresponding with the vice-president of my title ins co, there is so much terminology being used that i/we do not understand...trust me....i have thought about going to the media about this mess but i am going to see if the title co and the lawyer can settle if i see that they are not coming to a quick agreement, i will be going further with this! we only have 20 days b4 our house forecloses!
imjustsayin,
Do you know who is holding the lien? I wonder if it is a supplier or subcontractor.
JIM WARREN
Does anyone know if Bradley Aydelott is related to Murfreeesboro Planning Director Joseph Aydelott?