YOU READ IT HERE FIRST: A state grand jury indictment returned today in Trenton charges former NFL Pro Bowl wide receiver Irving Fryar and his mother with an elaborate scheme in which she obtained five equity loans totaling $690,000 on the same house.
Fryar, 51, and 72-year-old Allene McGhee conspired to have her obtain the loans in December 2009 using her Willingboro home as collateral on all five loans, the indictment alleges.
They then “deceived the five banks by applying for and closing on the loans within a short period and purposefully failing to disclose the existence of any prior loans,” it says.
As a result, “each bank funded its loan in the belief that it held the first lien on the property and the loan would be secured by adequate equity.”
Four of the loans closed on a single day: Dec. 21, 2009, the indictment says.
Fryar, who played for four NFL teams between 1984 and 2000, including the Philadelphia Eagles, is currently the pastor of a church in Burlington County that he founded and is the head coach of the Robbinsville High School varsity football team.
The indictment handed up today says he and his mother provided false wage information on McGhee’s loan applications, claiming that she earned thousands of dollars a month as an event coordinator for Fryar’s church.
Fryar himself allegedly received or spent more than $200,000 of the fraudulently obtained loan proceeds, acting Attorney General John J. Hoffman said.
Both made only a few payments on four of the loans, and those banks eventually wrote the loans off as losses, he added.
“This is not a case in which Mr. Fryar and his mother simply omitted or misstated information on loan applications,” Hoffman said.
“It is disappointing that someone with an illustrious career in professional sports who now is a minister and coach in the community is charged with this crime,” he added, “but he must face justice like anyone else.”
The indictment also accuses Fryar and his mother of providing false wage information for McGhee in order for her to obtain two other mortgage loans: one for $414,000 secured by Fryer’s Springfield home and a sixth mortgage loan on McGhee’s home in January 2010.
Over a 16-year career, Fryar played for the New England Patriots, Miami Dolphins, Philadelphia Eagles and Washington Redskins. He is founder and pastor of the New Jerusalem House of God in Mount Holly, N.J.
Deputy Attorney General Mark Kurzawa presented the case to the state grand jury for the Division of Criminal Justice Financial & Computer Crimes Bureau, Hoffman said, adding that Deputy Attorney General John Nicodemo assisted in preparing the case.
Detective Kimberly Allen and retired Sgt. Robert Walker conducted the investigation for the Division of Criminal Justice, he said.
Hoffman thanked the FBI for assisting.
A Superior Court judge in Mercer County, where the indictment was handed up, assigned it to Burlington County, where the defendants will be ordered to appear in court for arraignment at a later date.
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