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'via Blog this'Reginald Dodson Sr., 42, was a loan officer in a scheme to squeeze large kickbacks from unknowing financial institutions, federal prosecutors say.
Prosecutors say the main conspirator, Buena Marshall, 67, of Sacramento recruited unqualified buyer Temika Reed, 32, of Bay Point to act as the person purchasing seven properties.
Marshall acted as the agent on some of the properties. Another woman, 55-year-old Deborah Loudermilk of Suisun City, was the agent on two of sales.
Dodson, a loan officer for W.B. Financial, helped get three of the properties financed.
The seven properties identified in the scheme were sold at inflated prices, and in most cases using 100 percent financing, prosecutors said.
Marshall and Loudermilk structured the deals to
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