Husband, Wife Indicted on Federal Fraud, Identify Theft Charges

Husband and Wife Real Estate Team Indicted on Federal Fraud, Identify Theft Charges

ABINGDON, VA (STL.News) A federal grand jury returned an indictment this week charging a Wise, Virginia couple, who owned and operated a local real estate agency, with defrauding multiple advance commission companies and committing aggravated identity theft.

According to court documents, Jessee Allen Deloach, 40, and Natasha Ashley Miller Deloach, 38, owned and operated Koltown Properties, a real estate agency with locations in both Wise and Abingdon, Virginia.

As alleged in the indictment, from March 1, 2016 through November 30, 2019, Jessee and Natasha Ashley Miller Deloach created at least nineteen fraudulent residential sales contracts and submitted them to multiple advance commission companies in order to fraudulently obtain money.

Advance commission companies provide a financial service to real estate agents by assisting them with cash flow.   Specifically, real estate agents sell portions of their pending commissions on legitimate residential sales contracts in exchange for access to cash before the closing date.

Both defendants are charged with wire fraud, aggravated identity theft, and conspiracy to commit wire fraud, and will make their initial court appearance November 9, 2021 in Abingdon, Virginia.

U.S. Attorney Christopher R. Kavanaugh and Special Agent in Charge Stanley M. Meador of the FBI’s Richmond Division made the announcement.

The Federal Bureau of Investigation and the Virginia State Police are investigating the case, and Assistant U.S. Attorney Lena L. Busscher is prosecuting the case.

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

SOURCE: USDOJ.Today