Broker to Help in Case Against KC Councilwoman

1 decade 1 year 4 months ago Wednesday, August 08 2007 Aug 8, 2007 Wednesday, August 08, 2007 7:56:04 AM CDT August 08, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
KANSAS CITY (AP) - A former Kansas City councilwoman's alleged accomplice in a mortgage fraud case says he'll testify against her next week at trial. Ricky Hamilton pleaded guilty yesterday to conspiracy and wire fraud. The mortgage broker was charged with assisting a loan process, even though he knew former Councilwoman Sandra McFadden-Weaver gave incorrect information. Prosecutors say McFadden-Weaver got a $400,000 loan in September 2005 to buy a house in the Kansas City suburb of Lee's Summit. They say she promised the lender that she would live there, and misled the lender about her income and who was paying the down payment. McFadden-Weaver allegedly planned to use excess loan funds to renovate a house belonging to her church.

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