St. Peters mortgage broke indicted on fraud accusations

St. Peters mortgage broke indicted on fraud accusations

St. Peters mortgage broke indicted on fraud accusations

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by Dan Greenwald / KMOV.com

KMOV.com

Posted on March 21, 2014 at 9:27 AM

Updated Friday, Mar 21 at 9:46 AM

(KMOV.com) - A St. Peters loan officer and mortgage broker has been accused of falsifying mortgage documents to line his own pockets.

50-year-old Robert Poytner was indicted Wednesday on charges of wire fraud and making false statements.

Authorities said Poytner funded a $100,000mortgage loan from Crescent Mortgage for a home on Michigan Avenue in St. Louis by falsifying Housing and Urban Development (HUD) documents and then diverted the proceeds of the sale to the buyer to fund the buyer's down payment.

Prosecutors said Poynter benefited from this move because of the brokers fees that he collected off the transaction. 

Poynter is also accused of funding a $249,000 mortgage loan for a home located on Midland Boulevard in St. Louis by falsifying employment information about the buyer.

Poynter ran the St. Charles branch of First Continental Mortgage, America Finance, and A-1 Closing Services.

 

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