Apartment complex owner pleads guilty in $18.2 million fraud scheme

1 year 2 months 2 hours ago May 27, 2016 May 27, 2016 Friday, May 27 2016 Friday, May 27, 2016 12:44:00 PM CDT in News
By: Alyssa Henzler, KOMU 8 Digital Producer

SPRINGFIELD – United States Attorney Tammy Dickinson announced that James Laughlin, the owner of the 4-J apartment complexes in Pulaski County, pleaded guilty to an $18.2 million fraud scheme.

The 74-year-old Laughlin of Waynesville admitted that he provided false information to the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) to obtain a $18,219,400 loan in 2012 for operation and maintenance of 232 apartments and complexes.

Alongside Laughlin was Richard Newman DeLong of Newburg. DeLong, an employee of Brookshire Concrete, was fired for being involved in the scheme. He made it appear as if Brookshire Concrete was renting apartments from 4-J to inflate its occupancy levels to qualify for the FHA loan.

While employed by Brookshire, DeLong issued several checks payable for 20 apartments to 4-J Apartments with a forged signature of the company’s owner. Laughlin repaid Brookshire after receiving a loan from FHA and HUD for concrete work, giving the appearance that rent was being paid for by Brookshire while 4-J was paying for concrete work in return.

DeLong pleaded guilty for his role in the fraud scheme and will be sentenced on June 15. Laughlin must forfeit to the government $18,219,400 and is subject to a sentence for up to 30 years in federal prison without parole.

More News

Grid
List
COLUMBIA - When finding a day care facility, parents expect their child to be taken care of, but former employees... More >>
2 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 3:32:00 PM CDT in Target 8
JEFFERSON CITY - Bus drivers from First Student transportation company say they have plenty of positive stories about their experiences... More >>
2 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 3:28:00 PM CDT in News
COLUMBIA – A rally was held to speak out against what some are calling discriminatory polices and legislation, following President... More >>
2 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 2:54:00 PM CDT in News
OWENSVILLE - A deadly accident at another fair is on the minds of several fair-goers in mid-Missouri, but it’s not... More >>
3 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 2:44:00 PM CDT in News
WASHINGTON — U.S. Senator Roy Blunt today praised the announcement that President Trump intends to nominate Kansas Gov. Sam Brownback... More >>
3 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 2:07:00 PM CDT in News
COLUMBIA — Police arrested a woman early Thursday morning during a traffic stop after she allegedly tried to stab an... More >>
6 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 10:56:00 AM CDT in News
COLUMBIA - Police took two people into custody Thursday morning following a traffic stop which led to a crash. ... More >>
8 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 8:56:00 AM CDT in News
ST. LOUIS (AP) — A tanker truck is hanging off an Interstate 44 overpass in downtown St. Louis. KMOV-TV... More >>
9 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 8:24:00 AM CDT in News
BOWLING GREEN, Mo. (AP) — Authorities say a staff member at a Missouri prison has been hospitalized after an inmate... More >>
10 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 7:13:00 AM CDT in News
FERGUSON, Mo. (AP) — The Latest on the opening of a new job training and education center in Ferguson nearly... More >>
10 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 7:06:00 AM CDT in News
JEFFERSON CITY, Mo. (AP) — Missouri Gov. Eric Greitens has signed new regulations on abortion into law. The first-year... More >>
10 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 6:57:00 AM CDT in News
ST. LOUIS (AP) — The former chief financial officer of a suburban St. Louis company has admitted embezzling nearly $3... More >>
11 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 6:36:00 AM CDT in News
CAPE GIRARDEAU, Mo. (AP) — A woman is being sought for questioning in the killing of a southeast Missouri man.... More >>
11 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 6:29:00 AM CDT in News
COLUMBIA - Columbia’s post office will host a customer appreciation day at its downtown location Thursday. The event will take... More >>
15 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 2:34:00 AM CDT in News
COLUMBIA— Twice a year, homeless people in Columbia can get a variety of services for free thanks to volunteers from... More >>
15 hours ago July 27, 2017 Jul 27, 2017 Thursday, July 27 2017 Thursday, July 27, 2017 2:24:00 AM CDT in News
COLUMBIA - Reproaction, an abortion rights group, held a rally Wednesday outside the crisis pregnancy clinic My Life Clinic, claiming... More >>
22 hours ago July 26, 2017 Jul 26, 2017 Wednesday, July 26 2017 Wednesday, July 26, 2017 7:12:00 PM CDT in News
COLUMBIA - Several employees at a Columbia day care say their boss has not paid them in weeks. Former... More >>
1 day ago July 26, 2017 Jul 26, 2017 Wednesday, July 26 2017 Wednesday, July 26, 2017 5:39:00 PM CDT in Target 8
COLUMBIA - On the day the Senate voted against repealing the Affordable Care Act, More than 80 doctors and medical... More >>
1 day ago July 26, 2017 Jul 26, 2017 Wednesday, July 26 2017 Wednesday, July 26, 2017 5:29:00 PM CDT in News
Columbia, MO
Broken Clouds 81°
6pm 82°
7pm 82°
8pm 80°
9pm 78°

Select a station to view its upcoming schedule:

Coming Up Next

5:30p
NBC Nightly News with Lester Holt
6:00p
KOMU 8 News @ 6
6:30p
Wheel of Fortune
5:30p
American Dad!
6:00p
Family Guy
6:30p
Family Guy

Tonight's Schedule

7:00p
Hollywood Game Night
8:00p
The Wall
9:00p
The Night Shift
7:00p
Penn & Teller: Fool Us
8:00p
Hooten & the Lady
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld