WICHITA, Kansas – Four Wichitans have pleaded guilty to fraud and have admitted they lied while applying for housing loans.
Christopher Ginyard, 27, Janice Young, 26, and Henry Pearson, Sr., pleaded guilty to wire fraud. Henry Pearson, Jr., 28, pleaded guilty to bank fraud.
U.S. Attorney Barry Grissom says the four were recruited to make home purchases by co-defendant Manjur Alam. Grissom says Alam prepared loan applications in which the defendants made false statements to lenders.
Grissom says Ginyard lied about two jobs and about intending to live in a property at 2050 Santa Fe, Wichita.
Young admitted to lying about having a job and a consistent rental history. Grissom says she also lied about intending to live in a property she was buying at 2431 Lulu, Wichita. Grissom says Young’s real intention was for it to be a rental property.
The U.S. Attorney says Henry Pearson, Sr., lied about intending to live in a property he was buying at 8431 Hildreth, Wichita. Grissom says Pearson, Sr., rented the house to a third party.
Grissom says Henry Pearson, Jr., submitted a false verification of rent and a false letter of credit. He says Pearson, Jr., also lied about intending to live at a property. The home at 1510 N. Market, Wichita, eventually went into foreclosure and the bank lost $56,000.
The four will be sentenced November 25. They each face a up to 30 years in prison and a fine up to $1 million.
Alam was charged in May with conspiracy, wire fraud, bank fraud, making a false statement to the Department of Housing and Urban Development and money laundering.