Detroit Police Officer Indicted On Fraud Charges

By: Associated Press
By: Associated Press

DETROIT (AP) -- A Detroit police officer faces federal wire and bank fraud charges stemming from a mortgage lending scheme.

The U.S. Attorney's office says in a release that Keith McCloud has been arraigned in federal court in Detroit.

Defense attorney Steven Scharg told The Associated Press Saturday that his client maintains his innocence. McCloud is free on bond and suspended without pay from the police department.

Authorities say other people took part in the scheme which involved loan applications with overstated rental income and bank account funds. The applications were submitted for several houses in Detroit between March 2005 and April 2006. Loan packages totaling more than $300,000 were paid out by lenders.

The fraud originally was investigated by Detroit police internal affairs, which worked with the FBI on the case.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 112157944 - wilx.com/a?a=112157944