Monday, January 9, 2012
The Georgia Supreme Court has disbarred an attorney convicted in a mortgage fraud that involved the home of a former Atlanta Braves player. The attorney conducted a real estate settlement while serving a two-year suspension imposed as a result of the conviction.
According to this press release from the Attorney General of Georgia concerning the arrests:
Attorney General Thurbert Baker announced this afternoon that six arrests had been made in conjunction with a real estate sting operation involving the sale of former Atlanta Braves outfielder Ron Gant’s home. The home, located in Alpharetta’s Country Club of the South development, was the center of a proposed fraud that would have netted those engaged in the fraud at least $800,000.00 in fraudulent proceeds. The sting operation was conducted jointly between the Office of the Attorney General and the Georgia Bureau of Investigation. The Attorney General’s Office emphasized that Ron Gant and his wife were not party to the fraud and cooperated fully with law enforcement in setting up the sting.
Arrested today were Dan DelPiano, Pam DelPiano, Grant Faglier, Carna Jean Faglier, Kota Suttle and Frederick Gardner. The fraud centered around the Fagliers purchasing the home from the Gants for $2.8 million, and then immediately flipping the home in a pre-arranged deal to the DelPianos using an appraisal that valued the home at $4.9 million. The amount of the loan on the second transaction was to be for $3.6 million, with the initial sale by the Gants to be a cash transaction. Suttle and Gardner are law partners who set up both real estate transactions and acted as closing attorneys.
The court's order is linked here. (Mike Frisch)