2 women plead guilty to mortgage fraud

By Joel Provano

The Atlanta Journal-Constitution

Two women who participated in the sale and purchase of homes based on false financial information have pleaded guilty to mortgage fraud.

Cherri Dallas, former owner of Snellville-based Dallas Team Realty, pleaded guilty Friday in Fulton County Superior Court to one count of residential mortgage fraud for profiting from a sale in which the buyer of a property in south Atlanta misrepresented his income to the lender, said Lauren Kane, spokeswoman for the Georgia Attorney General's Office.

Judge Chris Brasher sentenced Dallas to two years' probation, during which time she is prohibited from seeking or obtaining a real estate license, Kane said. Charges are pending against the buyer, Wayne Pettway.

Kai Fluker pleaded guilty Monday to three counts of residential mortgage fraud after receiving loans to purchase two properties in south Atlanta by misrepresenting her income to the lender and falsely stating that each property would be her primary residence, Kane said. Judge Jackson Bedford sentenced Fluker to three years' probation and a $1,500 fine.