Virginia Man Indicted for Mortgage Fraud

Godwin Asifo has been indicted in Alexandria, Virginia for his alleged role in a mortgage fraud scheme. The indictment lists four properties in Virginia that were granted mortgage liens based on false and fraudulent misrepresentations. According to the indictment, Mr. Asifo, an Allstate agent in Alexandria, allegedly recruited straw buyers in the purchases and worked with mortgage brokers on falsifying loan applications to show that straw buyers had more money in their bank than they actually had, earned more income than they actually earned and falsely show that the straw buyers worked at businesses with which Mr. Asifo was associated. Mr. Asifo is alleged to have temporarily put funds into a straw buyer's bank account so that when called to verify the amount of money on deposit, bank employees would respond that the straw buyer had more money in his account than was in fact his money. Mr. Asifo also allegedly had associates respond to requests for verification of employment by falsely stating that the straw buyers worked at certain businesses. According to a spokesperson for Allstage, Mr. Asifo is still employed with the company. Neither Mr. Asifo nor his attorney, John Iweanoge, returned calls requesting comment.