Chicago Man to Join Son, Daughter in Prison After Massive Mortgage Fraud Scheme

Chicago Man to Join Son, Daughter in Prison After Massive Mortgage Fraud Scheme

The man, his son and daughter targeted African-Americans, swindling millions of dollars from 2005 to 2008.

Published August 27, 2011

It will be an unlikely family reunion for one Chicago family.

 

Roy Fluker Jr., 56, was sentenced to 15 years in federal prison on Thursday for his part in a multi-million dollar investment and mortgage fraud scheme that targeted African-Americans, according to a release from the U.S. Attorney’s office.

 

Fluker will join his son and daughter, who each received eight-year sentences in connection to the crime.

 

Writes The Chicago Sun-Times:

 

Judges imposed $9 million preliminary forfeiture judgments against all three defendants and ordered payment of $7.34 million in restitution, according to the release.

 

From 2005 to 2008, all three participated in a scheme in which they fraudulently obtained about $18 million, as well as some victims’ homes, through companies called All Things in Common, which did business as More Than Enough and Locust International, according to the release.

 

They marketed what they touted as an educational and financial program called the “Spend and Redeem Program’’ in which they claimed that in return for an investment, participants would receive 25 percent of their total investment every month for 12 months — a 200 percent profit in one year.

 

According to the U.S. Attorney’s office, most victims were targeted at gatherings in Chicago area churches and hotels, and were exclusively African-American.

 

 

 

Written by Britt Middleton

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