News and Press Releases

Greensboro Man Arrested on Mortgage Fraud Scheme

May 21, 2010

NORFOLK, Va. – Federal authorities announced today that Charles R. Engle, 47, of Greensboro, N.C., has been arrested on a variety of charges stemming from a mortgage fraud scheme.  Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after Engle was arrested and the indictment unsealed by the United States District Court for the Eastern District of Virginia.

            According to the indictment, Engle executed a scheme in which he made false statements on mortgage loan applications to purchase two properties in Cape Charles, Va.  Engle allegedly inflated his income on these applications so that he could qualify for mortgages for which he would not otherwise qualify.  The indictment further alleges that Engle submitted letters from friends verifying falsely his income and employment to qualify for these loans.  After completing the initial purchases, Engle allegedly was able to withdraw over $140,000 in equity from these properties through second mortgages and refinancing the properties.  Ultimately, the properties were foreclosed upon and the respective financial institutions suffered losses exceeding $400,000.

            This case was investigated by the Charlotte field office of the Internal Revenue Service.  Assistant United States Attorney Joseph Kosky is prosecuting the case on behalf of the
United States.

            Criminal indictments are only charges and not evidence of guilt.  Defendants are presumed to be innocent until and unless proven guilty.

                A copy of this press release may be found on the website of the United States Attorney's Office for the Eastern District of Virginia at Related court documents and information may be found on the website of the District Court for the Eastern District of Virginia at or on

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