Entertainment

Radio personality and lawyer Warren Ballentine indicted!

Mon., Jan. 28, 2013 4:29 PM EST
by Yvette Caslin

Radio host Warren Ballentine, 41, who is dubbed as the “People’s Attorney,” has been indicted and charged in a $10 million mortgage fraud scheme, according to federal officials.

Last Thursday, Jan. 24, 2013,  the attorney and syndicated radio personality, who hosts “The Warren Ballentine Show,” was charged  by a federal grand jury with a six-count indictment: two counts of bank fraud, two counts of making false statements to lenders, one count of mail fraud and one count of wire fraud.

He, and others, allegedly schemed to obtain nearly 30 bogus mortgage loans.

According to a release by U.S. Attorney’s office in Chicago, he and others made false statements in loan documents that caused lenders to issue at least eight loans for about $3.6 million between December 2004 and February 2005.

Ballentine allegedly represented buyers who were fraudulently qualified to purchase the properties in Chicago, Mokena, Monee and Woodridge, Ill., and caused lenders to issue at least 20 more loans for roughly $6.1 million between February 2005 and May 2006.

The indictment also seeks the forfeiture of $9.78 million, the release said.

Ballentine is scheduled to be arraigned about 9:30 a.m. Tuesday, Feb. 5, 2013 before U.S. District Judge Matthew Kennelly.

Twitter reactions to Warren Ballentine’s indictment

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  • http://twitter.com/geranimo1028 tommie davenport

    WTH’ NO WAY. now please tell me about this one. what is it that he is suppose to have done….

  • rnsone

    Not true at all,as of now,1/28/13 airing of the show,Yandee & her man are still on the show.Yandee is Mona’s girl,that’s her protege.Yandy might’ve made a bad choice in her personal life but not enough for Mona to cut her off.The publicity Mandeecees is getting from his legal woes is just going to bring more viewers.Remember in this biz-there is no such thing as bad publicity.