Two Local Men Indicted for Bank Fraud and False Statements
BIRMINGHAM – A federal grand jury today indicted two Birmingham-area men on charges they defrauded a bank by presenting false statements in order to obtain mortgage loans, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley.
The indictment filed in U.S. District Court charges JEFFREY RUSSELL HULDTQUIST, 47, of Hoover, and WILLIAM CRAWFORD KELLUM, 52, of Homewood, with four counts of bank fraud and four counts of making false statements to a bank. The indictment also charges Huldquist, individually, with four other false-statement counts.
According to the indictment, Huldtquist and Kellum engaged in a scheme, between May and September of 2007, to defraud Washington Mutual Bank of mortgage-loan funds. The indictment charges that the men submitted false documents in support of four mortgages that Huldtquist secured to fund his purchase of four properties from Kellum.
If convicted, Huldtquist and Kellum each face a maximum sentence of 30 years in prison and a $1 million fine for each count.
The FBI investigated the case, which Assistant U.S. Attorney Melissa K. Atwood is prosecuting.
Members of the public are reminded that an indictment contains only charges. A defendant is presumed innocent of the charges and it will be the government’s burden to prove a defendant’s guilt beyond a reasonable doubt at trial.
If you believe your organization has expertise or resources that could improve outcomes for ex-offenders re-entering society, please e-mail our Community Outreach Coordinator at Jeremy.Sherer@usdoj.gov
or call 205-244-2019.
The Office of U.S. Attorney
Joyce White Vance
Natural Disaster Fraud Hotline
Members of the public can report fraud, waste, abuse or allegations of mismanagement involving disaster relief operations through the Hotline, toll free, at (866) 720-5721 or the Disaster Fraud e-mail at firstname.lastname@example.org. Please see the News Release Justice Department Officials Raise Awareness of Disaster Fraud Hotline