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2 Honolulu area women arrested in real estate debt elimination scheme

By Star-Advertiser staff

POSTED:
LAST UPDATED: 06:56 p.m. HST, Jan 08, 2014



The FBI arrested two Honolulu area women today in connection with a real estate debt elimination scheme.

Jennifer McTigue, 46, and Sakara Blackwell, 38, were arrested at their homes in Aina Haina and Kahala, respectively, according to a statement released by the Honolulu FBI Office.

Both women were also arraigned today in U.S. District Court on charges of fraud, money laundering and other offenses tied to a debt elimination scheme to defraud lending institutions, condominium buyers, and escrow companies by filing fraudulent mortgage release documents with the Hawaii Bureau of Conveyances.

A third defendant in the case, Marc Melton, 43, was arrested by the Sacramento FBI and will appear in court there tomorrow before he faces charges in Hawaii.

McTigue and Blackwell (aka Dawn Sakaguchi) pled not guilty, according to a news release issued by Hawaii's U.S. Attorney's Office. A federal grand jury's 45-count indictment against the women and Melton was returned Friday and unsealed today.

The indictment contends that the trio fraudulently obtained the releases of more than $4.5 million in mortgages or other financial liens against seven properties. It alleges that the defendants then sold the properties for prices totaling over $3.3 million.

According to the indictment, the defendants filed fraudulent "satisfaction of mortgage" forms with Hawaii's Bureau of Conveyances, which caused lending institutions holding the mortgages not to be paid on the outstanding debts when the trio sold the properties, resulting in substantial profits. In addition to mortgage lenders, the scheme defrauded condo buyers who unwittingly bought properties with the hidden debts.

The defendants are charged with 27 counts of mail or wire fraud. McTigue, Blackwell and Melton are respectively charged with seven, five, and four counts of money laundering.

U.S. Magistrate Judge Barry M. Kurren set a trial date of March 11 before senior U.S. District Judge Helen Gillmor.




Fraud and money laundering indictment



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2 arrested in real estate fraud scheme




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HonoluluHawaii wrote:
omg White Collar crime to the max and living amongst the best of the best in Aina Haina and Kahala!!
on January 8,2014 | 04:31PM
nodaddynotthebelt wrote:
We need stiffer penalties for theft of any kind such as mortgage fraud. Our state tends to be very lenient on property crimes and theft. These criminals will probably be given a "token" sentence and then released only to victimize more in another state once they clear their parole, or worse yet, probation. Thieves are high risks and need to be put out of circulation as much as possible. You can almost bet that these two will be able to afford high power attorneys who will get them the least of penalties.
on January 8,2014 | 04:37PM
richierich wrote:
Isn't this Sakara Blackwell the same woman that runs the concession stand on Waikiki Beach. Such a busy woman. You go girl!
on January 8,2014 | 04:43PM
mjoseph wrote:
Uumm?? deceiving the Bureau of Conveyance wasn't a very good idea! There's always a paper-trail. But, don't despair you 3-idiots the meals at the Elliot St. facility is much more acceptable!
on January 8,2014 | 05:33PM
kailua000 wrote:
what happens to the people who bought the homes, do they get to keep them?
on January 8,2014 | 05:41PM
sluggah wrote:
You lose, Buckwheat!
on January 8,2014 | 06:27PM
saywhatyouthink wrote:
The worst kind of thief, the one that doesn't need to steal but does it anyway.
on January 8,2014 | 07:05PM
buggee808 wrote:
Next picture of all three of these scammers, I bet they will not be smiling and/or wearing makeup. Nail 'em
on January 9,2014 | 09:17AM
ehukai123 wrote:
when is the follow up on this? I thought trial was set for MARCH
on April 6,2014 | 06:24PM
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