St. Peters mortgage broke indicted on fraud accusations - KMOV.com

St. Peters mortgage broke indicted on fraud accusations

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By KMOV Web Producer By KMOV Web Producer

(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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