A New Scheme to Defraud Homeowners: 7th Circuit follows 9th in Holding No Specific Unanimity as to the Means

United States v. Daniel, No. 13-2399, (7th Cir. Apr. 15, 2014) When unsuspecting homeowners were told they could place their titles in trust and regain full title free and clear of any mortgage after five years, they were eager to join Rym Tehnology Holdings, LLC’s (Rymtech’s) program. As part of the program, they signed over the title of their property to straw purchasers called “A buyers” who were supposed to obtain financing from mortgage lenders to pay off the mortgage. Instead, ... [Continue Reading]