Southwest Virginia Realtors Charged With Fraud criminality

ABINGDON, Virginia – A wise couple who owned and operated a local real estate agency have been indicted by a federal grand jury with defrauding several companies with cash advance fees and aggravated identity theft.

Prosecutors on Thursday said Jessee Allen Deloach, 40, and Natasha Ashley Miller Deloach, 38, are married, own and operate Koltown Properties, a real estate agency based in Wise and Abingdon.

From March 1, 2016 to November 30, 2019, the Deloaches created at least 19 fraudulent residential sales contracts and submitted them to several upfront commission companies to fraudulently obtain money, prosecutors said in a press release. . The advance commission companies provide a financial service to real estate agents by helping them with cash flow. Agents sell a portion of their pending commissions to legitimate residential sales contracts in exchange for access to cash before the close date.

Affidavits also said the couple set up bogus securities companies to “verify” the sales contracts were legitimate.

The couple were charged with wire fraud, aggravated identity theft and conspiracy to commit wire fraud. They are due to appear in court for the first time on November 9.


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