Durham Loan Officer Arrested For Financial Identity Fraud
Posted December 19, 2003
RALEIGH, N.C. — A Durham mortgage loan officer is in the Wake County Jail, accused of stealing the identity of one of his clients.
Jesse Scott, 29, a loan officer for Guaranteed Rate, Inc. in Durham, was taken into custody Thursday and charged with one count of financial identity fraud by the Apex Police Department.
The Wake County Sheriff's Office has drawn five warrants for obtaining property by false pretense.
Investigators said Scott opened two credit cards in the name of a client who worked at a southeast Raleigh convenience store. The client reportedly approached Scott about refinancing his home and provided Scott with personal information needed for the loan.
According to detectives, Scott fraudalently made purchases, which included plane tickets, computers and clothing. Authorities said total losses could exceed $20,000.
According to court documents, police confiscated computers and paperwork related to the victim at Scott's Raleigh home.
Officials believe there is only one victim. But an investigation is under way to see if any other of Scott's clients could be involved.
The manager of Guaranteed Rate said he notified authorities as soon as he learned of the events in order to protect other clients.
The company recommends that Scott's clients block their credit reports, so no one has access to their credit ratings and personal information.
According to the State Commission of Banks, Scott had only been licensed for 30 days.