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Four indicted for farm loan fraud in midwestern scheme
A federal grand jury indicted four officials of American Midlands Inc. an Omaha mortgage brokerage firm for defrauding farmers of millions in fees to arrange loans. The firm allegedly charged 2000 to 5000 dollars per customer and delivered few loans. Indicted leaders include James Bazemore and his wife Jeanine Bazemore with offices in Bloomington Minnesota and eleven state operations. Richard Sayers pled guilty earlier to mail fraud. The defendants face heavy penalties and arraignment is scheduled for February 8 in Omaha.
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American Midlands Loan Packaging
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