DALLAS, TX – July 25, 2011 – (RealEstateRama) — A federal grand jury in Dallas has returned a four-count indictment this week charging three individuals, Vathany Teng, Lina Ma and Jerry Goh each with one count of conspiracy to commit bank fraud and two substantive counts of bank fraud in relation to a loan fraud scheme they allegedly ran in the Dallas area from August 2007 to April 2008. In addition, defendant Jerry Goh, a lawyer, is also charged with one count of witness tampering. All three defendants are expected to surrender to federal authorities and appear tomorrow, July 22, 2011, at 2:00 p.m., before U.S. Magistrate Judge Irma C. Ramirez. Today’s announcement was made by U.S. Attorney James T. Jacks of the Northern District of Texas.
RealEstateRama Federal Grand Jury Indicts Three Collin County Residents in Bank Fraud Conspiracy Involving Nearly $3.2 Million in Loan Proceeds to Purchase Laundromat and Town Homes in Irving, Texas