Kansas Woman Convicted in Scam Targeting Homeowners Facing Foreclosure
KANSAS CITY, KAN. - A federal jury Monday found a Kansas woman guilty of taking part in a scheme to swindle homeowners facing foreclosure with false promises to help them save their homes, U.S. Attorney Stephen McAllister said.
Sara Cordry, 69, Overland Park, Kan., was convicted on one count of conspiracy, one count of mail fraud and six counts of wire fraud.
During trial, prosecutors presented evidence that Cordry conspired with co-defendants to take money from victims by fraudulently promising to:
- Lower their interest rates.
- Lower their monthly payments.
- Help them obtain loan modifications.
Investigators identified more than 500 victims in 24 states who suffered a total loss of more than $1 million due to the scheme.
- Tyler Korn, 30, St. Ann, Mo., who was sentenced to 51 months in federal prison.
- Ruby Price, 74, Bonner Springs, Kan., who is awaiting sentencing.
- Amjad Daud, 35, Lutz, Fla., who failed to appear at court hearings. A warrant for his arrest has been issued.
Cordry’s sentencing is set for Jan. 9, 2020. She could face up to 30 years in federal prison and a fine up to $1 million on each count.
McAllister commended the U.S. Department of Housing and Urban Development - Office of Inspector General, the Federal Housing Finance Agency - Office of Inspector General, the Johnson County District Attorney’s Office, Special Assistant U.S. Attorney Emilie Burdette and Assistant U.S. Attorney Jabari Wamble for their work on the case.