30 Month sentenced for Mortgage Fraud Scammer

The United State District Judge Michael Barrett sentenced Jessica Zbacnik to thirty months in federal prison when she appeared before him on Thursday, December 3rd.  Ms. Zbacnik, who is forty two years of age pleaded guilty on July 29th of this year to her role in relation to the mortgage fraud that involved over two hundred and ten residential properties. Two hundred and five of those properties were in Montgomery County in Ohio. Six individuals have been convicted in the case according to federal prosecutors.

Ms. Zbacnik according to court documents was convicted on one count of conspiracy to commit money laundering and one count of conspiracy to commit mail and wire fraud. Ms. Zbacnik in her plea agreement admitted her role in the conspiracy to defraud. The plea agreement states that the conspiracy took place between March of 2002 and June of 2008. The plea agreement also states that Ms. Zbacnik and her conspirators operated and were in control of several mortgage and title insurance corporations and business. Ms. Zbacnik for her part in the conspiracy assisted in arranging, facilitating and manipulating documents that were associated with property sales and the closings of those properties. Her agreement further states the purpose was to obtain the funds distributed by mortgage lenders in association to with those sales and closings on residential properties.

Ms. Zbacnik’s co-conspirators include the following individuals:

Edward McGee, age 74 from Dayton, Ohio. Mr. McGee on May 12 of this year pleaded guilty to conspiracy to commit money laundering.

Kenneth McGee, age 49 also from Dayton, Ohio and the son of Edward McGee pleaded guilty on May 12 of this year to conspiracy to commit mail fraud, wire fraud and money laundering in addition to conspiracy to commit money laundering.

Julian Hickman, age 31 from East Cleveland, Ohio. Ms. Hickman on December 15 of 2008 pleaded guilty to conspiracy and tax crimes associated with the fraud scheme.

Robert Mitchell, age 42 from Vandalia, Ohio for his role in the conspiracy pleaded guilty on March 11 of this year to conspiracy to commit mail fraud, wire fraud and money laundering in addition to conspiracy to commit money laundering.

Kamal Gregory, age 34 from Centerville, Ohio on April 14 of this year also pleaded guilty to conspiracy to commit mail fraud, wire fraud and money laundering with the additional count of conspiracy to commit money laundering.

Ms. Zbacnik’s conspirators are currently awaiting sentencing for their roles within the conspiracy.