Former Eagles receiver indicted for mortgage fraud

by Ryan Smith18 Oct 2013

A former Philadelphia Eagles wide receiver and his mother were indicted by a New Jersey grand jury today on charges of mortgage fraud.

Irving Fryar, who played for the NFL between 1984 and 2000, was charged along with his mother with conspiring to steal more than $690,000 by defrauding banks into granting home equity loans, the Times of Trenton (N.J.) reported.

Authorities say that Fryar, 51, and his 72-year-old mother, Allene McGhee, took out five mortgage loans over six days in 2009, using McGhee’s home for collateral in each case, the Times reported. Fryar and McGhee also falsified information to obtain the loans. The banks involved funded the loans thinking they held the first lien on the property, according to prosecutors.

Prosecutors allege that Fryar, now a high school varsity football coach and Baptist minister, received or spent more than $200,000 of the loan money, according to the Times.

“It is disappointing that someone with an illustrious career in professional sports who now is a minister and coach in the community is charged with this crime, but he must face justice like anyone else,” Acting N.J. Attorney General John Hoffman said in a news release.
Fryar has been suspended without pay from his coaching job, the Times reported.

Fryar and McGhee have each been charged with second-degree conspiracy and theft by deception. If convicted, they could each face five to 10 years in prison and a fine of up to $150,000.


  • by Drue J | 10/18/2013 8:52:17 AM

    The famous sportswriter, Red Barber, once wrote that the two most important jobs in America were a minister of the faith and an athletic coach. It seems like Fryar, in one senseless act, has been able to discredit both of those admirable vocations. Sad.

  • by Jane Slaughter | 10/18/2013 9:24:59 AM

    Seriously??? Where was the title search, the at end credit report????? I think Home equity lines of credit should maybe be as strenously overseen as 1st mortgages?!?!?! I am assuming he did not have that much equity in the property to cover said mortgages!?!?!?! Wow!

  • by JMeuss | 10/18/2013 9:47:37 AM

    @Jane - in 2009 lenders hadn't learned how to properly mitigate this type of fraud. Borrowers could get a clean title report & send it to multiple lenders, closing each mortgage either on the same day or within a couple days of eachother. Sounds like that's what they did here. What a scumbag, and a hypocrite to place himself in a position of role model while acting like this.


Is TILA-RESPA a good or bad thing long term?