Monday, December 21, 2009

DETROIT, MICHIGAN MAN FOUND GUILTY IN MORTGAGE SCHEME TO SELL CHURCH

A Detroit man has been found guilty in a $149,000 church mortgage scheme.
Wayne County authorities say a jury convicted 46-year-old Tracy Carmichael of embezzlement, forgery, money laundering and other charges on December 14, 2009. Sentencing is Jan. 5.
Authorities say Carmichael attempted to sell the Temple of God Deliverance church on Detroit's east side in 2007. The church pastor was alerted to the scheme when his congregation was served with eviction papers.
Defense attorney Allan Saroki says Carmichael claimed to have an agreement with the pastor to help obtain a loan on the property.
Carmichael was convicted in federal court in 2004 on 17 counts of aiding in the preparation of fraudulent income tax returns.

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