Florida Pornographer Pleads Guilty to Mortgage Fraud

A Florida man who operated and worked with companies that sold sex toys and pornographic videos this week pleaded guilty to his involvement in a mortgage fraud scheme. According to the Florida attorney general's office, between May 2007 and August 2007, Rory V. Porter of Columbia County, Fla., befriended homeowners whose homes were free of any liens, vacant and for sale. Using information he obtained from the homeowners and public records, Porter forged documents and recorded deeds to transfer the homes to his possession. He then located private lenders and borrowed money using the homes as collateral. The AG's office believes Porter stole homes in the Gainesville and Lake City areas worth more than $800,000 and obtained loans against those homes for more than $500,000. After obtaining the proceeds from the new home mortgages, Porter laundered the money through different banks and companies that he controlled or did business with, including companies that sold adult sex toys and pornographic videos. In just over two months, he laundered the proceeds through at least four banks and closed the accounts. Porter will be sentenced in June.