Former Lexington police officer indicted in mortgage fraud case

KY--Court documents indicate that a cast of characters — including a home builder, lawyer, tax preparer, real estate agent and mortgage professionals — helped pull off the scam.

(FBI investigated for four years what appears to be a mortgage fraud case with many players--including Barry Buchignani, lawyer Kim Allen Clay, builder James Davis, mortgage broker Warren Reid and others. Schemers were accused of falsifying loan application information to get over $2 million in loans in plan that included fraudulent inflation of prices.)

Sep. 8, 2010, Full article: http://www.kentucky.com/2010/09/08/1423964/former-lexington-officer-indi...