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Federal grand jury ups the indictment ante in $5,000 appraisal fraud case
Monday, February 27, 2012
You might remember the Louders – Portia and Chad – of Highland, Utah, who were handed an eight-count indictment by a federal grand jury, which alleged that the Louders paid as much as $5,000 for an appraisal last fall. A new indictment was returned and ups the ante to a 19-count superseding indictment with violations of federal law in connection with an alleged scheme to profit from loans fraudulently obtained from mortgage lenders.

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