Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Sunday, May 26, 2024 | Back issues
Courthouse News Service Courthouse News Service

Crooked Real Estate Broker Gets Three Years

ST. LOUIS (CN) - A real estate broker was sentenced Thursday to three years in federal prison for a multimillion-dollar real estate scam.

Jerrick Hawkins, 28, also was ordered to pay $2.4 million in restitution.

He guilty in January to multiple fraud charges, the U.S. Attorney's Office said.

Hawkins recruited people to apply for conventional and FHA loans to buy properties in the St. Louis area.

He admitted he told borrowers to falsify loan applications, using fake pay stubs, W-2s, gift letters and verification of employment. He verified the false documents himself or directed others to verify them and took kickbacks for it from third parties.

Most of the loans went into default, causing the federal government and financial institutions more than $2 million.

Hawkins pleaded guilty to one felony count of bank fraud and two felony counts of making false statements.

Follow @@joeharris_stl
Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...