LIT COMMENTARY

Update; 21 June 2020; Case is delayed due to COVID19 – see docket

United States v. Roland (S.D. Tex. 2018)

Docket Number: 4:18-cr-00710
Date Filed: December 11th, 2018
Assigned To: Lee Hyman Rosenthal
Parties: Clarence C Roland, III, USA Attorneys: Financial Litigation, Melissa J Annis, David Allen Nachtigall

Indictment — Document #1 (13 pages)

… COUNT ONE (Title 18, U.S.C. § 1349) A. INTRODUCTION 1. CLARENCE C. ROLAND, III worked in the field of … , Section 2461(c), the United States gives notice to defendant CLARENCE C. ROLAND, III a.k.a. Joshua … on file under seal with the clerk) as to Clarence C Roland, III (1) count(s) 1, filed. (Attachments: # … Texas and elsewhere, the defendant, | CLARENCE C. ROLAND, III a.k.a. Joshua Stein did knowingly conspire… Judgment and Substitute Assets Defendant CLARENCE C. ROLAND, III a.k.a. Joshua Stein is notified that upon…

Department of Justice
U.S. Attorney’s Office
Southern District of Texas

FOR IMMEDIATE RELEASE

Monday, April 29, 2019
Former Mortgage Broker Charged with Deed Fraud Scheme

HOUSTON – A 58-year-old man is set to appear in Houston federal court on allegations contained in a 10-count indictment to include conspiracy to commit bank and wire fraud, wire fraud and violations of a federal money laundering statute, announced U.S. Attorney Ryan K. Patrick.

Clarence C. Roland III, of Tacoma, Washington, is accused of fraudulent acquisition of real property through the manipulation and filing of fraudulent deed documents in county records across the country.

He is set to make his initial appearance before U.S. Magistrate Judge Christina Bryan at 10:00 a.m. today.

The indictment, returned in December 2018, alleges Roland fabricated fraudulent documents to defraud mortgage holders by causing the property records to reflect their interests in the real property had been eliminated.

Roland and others fraudulently transferred the ownership of the real property in which the mortgage holder had an interest to shell companies Roland controlled, according to the charges.

The fraudulent documents allegedly further materially misrepresented the shell companies he controlled had outstanding mortgage loans on the real properties allegedly held by another company Roland controlled. Upon the sale of the real property, Roland allegedly caused that fake loan to be paid off using seller’s proceeds.

The indictment further alleges the conspirators created and used various entities names in executing their scheme to defraud.

If convicted of conspiracy to commit bank fraud, Roland faces up to 30 years in federal prison and a possible $1 million maximum fine. A conviction for wire fraud carries a potential 20-year-maximum sentence and a $250,000 possible fine. He is also charged with six counts of money laundering, each carrying a maximum 10 years in prison and $250,000 in fines, upon conviction.

The Federal Housing Finance Agency – Office of Inspector General and the FBI conducted the investigation. Assistant U.S. Attorney Melissa Annis is prosecuting the case.

An indictment is a formal accusation of criminal conduct, not evidence.
A defendant is presumed innocent unless convicted through due process of law.

Topic(s):
Financial Fraud
Mortgage Fraud

Attorney General Ken Paxton has One Thing in Common with Donald Trump, How to Delay a Criminal Case to Ensure Re-election and Keep Yourself in Good Company – https://t.co/6MoeMQypB1

— LawsInTexas (@lawsintexasusa) June 22, 2020