The Real Deal Miami

McGill mortgage fraud case shows difficulties

September 14, 2009 12:15PM

The mortgage fraud prosecution of pastor Rodney McGill’s Young Millionaires Group has sent its principal architects, McGill and his mortgage broker-wife, Shalonda, to jail and ruined the credit of a trio of enthusiastic participants who signed false mortgage loan applications. But the prosecutions prompted area law enforcement officials who investigate mortgage fraud to emphasize the difficulties of pinning down where in the long line of transactions to purchase a home the fraud actually took place. It’s an ongoing problem as the backlog of fraud cases wends its way through the courts, said state Department of Financial Services Detective Ted Padich, who was active in the prosecution of the McGills.