Former KC Charter School President Pleads Guilty

1 decade 8 months 8 hours ago September 26, 2006 Sep 26, 2006 Tuesday, September 26 2006 Tuesday, September 26, 2006 1:56:24 PM CDT in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
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KANSAS CITY - The former president of a Kansas City charter school pleaded guilty yesterday to 11 felony counts stemming from a mortgage fraud scheme. 58-year-old James Elliott Coleman, of Raytown, was indicted in April along with 54-year-old James Lynn Woolard of Gladstone. Coleman was also indicted on school embezzlement charges. Federal prosecutors say Coleman obtained money through the mortgage fraud scheme to repay more than $47,000 he allegedly embezzled from Allen Village Charter School. Coleman pleaded guilty to conspiring with Woolard to solicit investors for a mortgage investment opportunity by making false promises, and to giving lenders fake documents to get loans. He also pleaded guilty to 10 counts dealing with transfers of fraudulently obtained money.

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