Texas – Two men have been indicted in a wire fraud conspiracy in the Eastern
District of Texas, announced Acting U.S. Attorney Brit Featherston today.
Arlando Jacobs, 52, of The Woodlands,
Texas, and Clarence Roland, 56, of Tacoma, WA, were named in a seven-count
indictment charging them with wire fraud conspiracy, bank fraud, wire fraud,
and aggravated identity theft. The indictment was returned by a federal
grand jury in Sherman, Texas last week.
According to the indictment, between
October 2011 and April 2017, Jacobs and Roland are alleged to have conspired
with each other and others to create and submit fraudulent mortgage lien
documents to title companies and financial institutions in order to receive transfers
of funds they were not entitled to receive. According to an affidavit for a
complaint, the fraud scheme resulted in approximately $3.7 million in
If convicted, the defendants face up to 30 years in federal prison. The maximum statutory sentence prescribed by Congress is
provided here for information purposes, as the sentencing will be determined by
the court based on the advisory sentencing guidelines and other statutory
factors. A sentencing hearing will be scheduled after the completion of a
presentence investigation by the U.S. Probation Office.
This case is being investigated by the
Federal Housing Finance Agency-Office of Inspector General, Federal
Bureau of Investigation, and Housing & Urban Development-Office of
Inspector General. This case is being prosecuted by Assistant U.S.
Attorneys J. Andrew Williams and Christopher Eason.