Ex-NFLer and his mom -- convicted in mortgage scam

by Justin da Rosa13 Aug 2015
A former wide receiver for a number of NFL teams – and, indeed, his mother – have been convicted for their roles in a mortgage scam.

The $1 million scheme included applications for multiple mortgages while using the same property as collateral.

But Irvan Fryar argues he and his mother, Allene McGhee, were “duped” into carrying out the fraud.

He alleges his former fraternity brother, William Barksdale, who pleaded guilty to a conspiracy charge last year, told them to commit the fraud.

“My mother thought she was applying for a loan to buy a house,” Fryar told a local Philadelphia NBC news station. “So he took her to multiple banks to have her apply for a loan. Mr. Barksdale told my mother, ‘You got a loan, you got a mortgage for the house, it’s at Beneficial, pay this mortgage at Beneficial.’”

Fryar said his mother made payments to Beneficial for over two years, but that the mortgage was actually with another lender, Cornerstone, which eventually foreclosed on her house.

“My mother lost her house and she was paying the mortgage on one of his other houses,” he said.

The former All-American and his mother rejected plea deals that would have put Fryar behind bars for five years and his mother for three.

According to authorities, the mother-son duo provided false wage information on applications for loans that banks eventually wrote off as losses.

Fryar told NBC10 that he and his mother never benefited from the $1.2 million the government alleged the banks lost, and claims Barksdale pocketed all the money.

Barksdale is currently serving a 20 month sentence in jail.

Fryar and his mother are scheduled to be sentenced on October 2.


Should CFPB have more supervision over credit agencies?