Thursday, April 28, 2005
A DOJ Press Release shows that there is a lot more happening than the Scrushy trial. It seems that " five Madison County individuals have been charged by a federal grand jury with conspiracy to commit fraud against the Department of Housing and Urban Development ("HUD") and with making false statements with regard to matters within HUD's jurisdiction." The press release states:
"In a lengthy description of how this conspiracy was carried out, the Indictment details how the defendants, after borrowing money for "commercial" purposes, certified to HUD officials that they were purchasing nine separate Madison County properties as their primary residence. The indictment further alleges that, when the properties were not purchased by the defendants, the parcels were purchased by other individuals who then immediately deeded or sold the properties back to the defendants or companies owned by the defendants."