Local women charged with mortgage fraud

Two women accused of purchasing houses, recruiting buyers and then falsifying documents so lending companies would pay more than the houses were worth have been charged with mortgage fraud, the U.S. Attorney’s Office for the Southern District of Indiana announced today.

Beverly Ross and Donella Locke, both of the Indianapolis area, were indicted by a federal grand jury on Jan. 30 and arrested this weekend, the office said.

The 36 properties were in Hamilton, Marion and Hancock counties.

Businesses associated with Locke include Locke and Key Investments, and such variations of the name as Lock & Key Real Estate and L&L Interior Designs.

Ross is tied to Design Masters, Rose Ross Realty, and Ross and Ross Investments.

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