Feds charge Jeremy Richardson with wire fraud

Feds charge Jeremy Richardson with wire fraud

Tools

Story Published: Jun 11, 2008 at 7:11 PM PST

Story Updated: Nov 20, 2008 at 8:31 PM PST

By Thom Jensen and KATU Web Staff

Video

PORTLAND, Ore. - The man at the center of a nationwide mortgage scheme has been charged with wire fraud, which could land him in federal prison for several years if he is convicted.

Jeremy Richardson is accused of bilking people out of their hard-earned money by coaxing them into buying homes in a 'lease to own' plan.

All of the victims say Richardson spent their money and they lost their homes when the mortgage payments weren't paid.

KATU spoke with Richardson by phone Wednesday afternoon. He refused to do an on camera interview but said he is cooperating with the investigation and has already signed a plea agreement on the wire fraud charge.

However, the U.S. Attorney has not confirmed that such an agreement was reached.

Weather & Traffic

Icon
Current Temp 47.0 °F
Partly Cloudy
Video
More Weather
New:

Upload directly from your mobile device.

Learn how

Stay Connected

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Viewer Poll

Have you been able to beat a traffic ticket in court?
Read more about it here

  • Yes, I was found "Not Guilty!"
  • Yes, the fine was reduced.
  • No, but I've tried.
  • No need; I'd probably lose anyhow....
  • No need; no tickets for me!
  • Other