Realtor, fake mortgage broker arrested in fraud raid

by Michael Mata29 Jul 2016
Mark Franklin Broeg was arrested on Tuesday in Lane County on several felony counts, including mortgage fraud, racketeering, and other theft-related charges. The arrest comes after a grand jury in Deschutes County, Oregon indicted Broeg on numerous felony charges related to mortgage and rental fraud.

Michelle Marie Anderson, a licensed Realtor with Artisan Realty Group, LLC in Sisters, Oregon was also arrested in relation to the case on Wednesday and charged with several felony counts of theft of services, attempted aggravated theft, and other theft-related charges.
 
The charges are the result of an extensive investigation involving the Deschutes County District Attorney’s Office, the Oregon Department of Consumer and Business Services’ Finance and Corporate Securities Division, and the Deschutes County Sherriff’s Office.

The investigation uncovered an elaborate and destructive local real estate and mortgage crime ring spearheaded by Broeg. According to state investigators, Broeg posed as a mortgage broker and created a fictitious business called McCoy Capital. Broeg used these false credentials to obtain fraudulent loans and illegal commissions. Attempts were also made to fraudulently purchase residential and development properties in Deschutes County valued at over $5 million.

Anderson is alleged to have obtained Broeg’s assistance in one transaction where she attempted to finalize a fraudulent home purchase. She is also alleged to have spearheaded her own rental scam which defrauded landlords in Sisters of thousands of dollars over the course of 2015.

A Deschutes County jail officer stated that Anderson was booked and released from jail after posting 10% of her $25,000 bail.
 

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