TheDenverChannel.com










Denver News
E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters

Search Warrants Served On Mortgage Companies

Warrants Executed In Wheat Ridge, Lakewood

POSTED: 7:46 am MDT August 1, 2008

A complicated morgage fraud investigation resulted in five search warrants executed by 22 Wheat Ridge officers and detectives Wednesday.

There were no arrests.

The alleged fraud scheme involved suspected inflated real estate appraisals, inflated or forged income statements, and other forged documents.

The investigation was sparked in May when detectives were alerted to an anonymous call that referenced a fraudulent mortgage application. Continued investigation revealed that many more loan applications may be involved but an exact number is yet to be determined.

The search warrants were served at one Lakewood residence, two Wheat Ridge residences, and two Wheat Ridge businesses.

Three Lakewood Agents assisted in serving the warrant at the Lakewood residence.

“Simultaneously serving multiple warrants in different jurisdictions takes some choreography,” said Detective Dave Dawson. “But it is necessary to preserve the evidence that may be found at each location.”

Items of evidence collected during the search warrants included multiple computers and 50 boxes of documents and files.

For now, the names of suspects and witnesses in this case are being withheld due to the extent of the ongoing investigation. No one has been arrested at this time.

The businesses involved in this investigation are Superior Lending Associates of Colorado, LLC located at 6990 W. 38th Ave. and Mavy, Inc., located at 4380 Harlan Street, both in Wheat Ridge.

Investigators are asking anyone with information about or knowledge of mortgage applications for, or that has had financial dealings with either of these companies to contact the Wheat Ridge Police Department tip line at 303-235-2947.


Links We Like

Sponsored Content
Employers generally have options when it comes to hiring. Makes sure you present yourself as professionally as possible, or else. More

You can pick your friends, but not your family -- or your neighbors. Here's what you need to know about how to deal with yours. More

It was bound to happen. There are now applications for your cell phone that can help you avoid speeding tickets as well as traffic jams. Drive carefully. More

Are you often tired or rushed in the morning? Give your morning habits a makeover, and start the day feeling positive and energetic instead. More

MyReport Network

E - News Registration focus group
  My Report Network: Tell your story on 7NEWS. Sign up to be a member of our My Report Network
Sponsored Links

MyReport Network

E - News Registration focus group
  My Report Network: Tell your story on 7NEWS. Sign up to be a member of our My Report Network

Job Searching Tips

Struggling to find a great job in a bad economy can be tough, but these eight tips can help improve your chances of landing a gig. More