Syndicated Radio Host Warren Ballentine Indicted For $10 Million In Mortgage Fraud

· January 28, 2013

CHICAGO (STMW) – A former Chicago lawyer who now hosts a national radio talk show was indicted on federal charges for two mortgage fraud schemes that defrauded lenders out of nearly $10 million.

Warren Ballentine, 41, formerly of Country Club Hills, was charged with two counts of bank fraud, two counts of making false statements to lenders and one count each of mail fraud and wire fraud in a six-count indictment returned last Thursday, according to a release from the U.S. Attorney’s office.

He is the host of The Warren Ballentine Show, a syndicated radio program.Ballentine, the owner of the Law Office of Warren Ballentine LLC., is accused of obtaining fraudulent mortgage loans by filing fraudulent HUD-1 settlement statements and occupancy statements about a buyers’ intention to occupy the home as a primary residence, the U.S. Attorney’s office said.

Ballentine, most recently of Durham, N.C., and others made false statements in loan docu*ents that caused lenders to make at least eight loans for about $3.6 million between December 2004 and February 2005, the release said.

Ballentine then represented buyers recruited by others at real estate closings knowing they had been fraudulently qualified to purchase the properties in Chicago, Mokena, Monee and Woodridge. Ballentine allegedly then caused lenders to make at least 20 more loans for about $6.1 million between February 2005 and May 2006, the release said.

The indictment also seeks the forfeiture of $9.78 million, the release said. Ballentine is scheduled to be arraigned about 9:30 a.m. Feb. 5 before U.S. District Judge Matthew Kennelly.

  • http://atlnightspots.com B Strait 3000(mega-corp)

    Wowww!!! He be on the radio giving people legal advice & he rolling illegally smh

    • too_funny

      He need to get a free pass fvck that…..all those banker,lenders,and wall street executives still walking the street let alone on the job fixing their own big fvck up that should be in jail.

      • MoorFedayeen

        Too Funny said that sh1t!

        Not ONE single Wall Street fat cat indicted, not one. Why?

  • TruDat

    “This negro here. SMH………….Why can’t we just make an honest living and call it a day. Damn

    One Love

  • Jayevans20

    I don’t think we should rush to judgement…….yet!

  • damnshame

    this is f*ckin conspiracy….please false loans-give me f*ckin break when bank of america and wells fargo swindle all those people out their money and still doin it and you wanna come after a black man who’s tryna do somthin for his people for 10 million. He don’t graze what bank of america and wellfargo has gotten…i call BULLISH

    • MoorFedayeen

      +1

  • WildWild

    I listen to dude in the am… they can’t have this man speaking what he be speaking he may wake up somebody they gotta get this nikka off the air.

  • CASHSU

    this negro a fraud he has kids he dont take care of…..

  • boo

    Look, when I heard that he had a daughter, I know he was not the person he portrayed on the radio. If he can get on the air waves and lecture people about how to raise their kids and he doesn’t let them know he has a daughter, he a person who doesn’t like to share their live openly with people, but can criticize others. That’s not genuine. When I heard you had a daughter, all of his sale tactics become clear, (DEBT SHOPPER, SKIN PRODUCTS). When I find out that he had a daughter, the $1000 from each member for food chains and then switch to MORTGAGES become clear. VERIFICATION IS EVERYTHING, “ATTORNEY SIGN THESE DOCUMENTS AND THE BUYER AND SELLER ARE ON THE WAY!” AH RIGHT. MEET HAVE THE CLIENTS, SO YOU CAN PASS YOUR BUSINESS CARD OUT DUMB DUMB! HE SHOULD STOP CALLING PEOPLE YOU DISAGREE WITH, “NICKELS” WE KNOW WHAT YOU ARE TRYING TO SAY TO THAT PERSON OF COLOR WHO DISAGREES WITH YOU. NOTICE, THEY GOT HIM AFTER HE SUPPORT THE PRESIDENT FOR RE- ELECTION. THE FEDS. NO MATTER WHAT DISTRICT TELLS WASHINGTON ABOUT A BIG TIMER WHO HANGS OUT WITH “50 CENT” THAT THEY HAVE EVIDENCE OF A CRIME. BEING SOMEONE WHO HAD A LOT OF POWER IN THE “BLACK COMMUNITY” AND NOT LET THE WORLD KNOW YOU HAVE A CHILD JUST DOESN’T SIT RIGHT ME. AND WHOEVER CAN’T SEE IT IS BLIND!