Indicted mortgage broker faces new charge

May 5, 2010 12:58:31 PM PDT
A mortgage broker already indicted over an alleged $1.4 million theft and money laundering scheme has now been charged with stealing nearly $500,000 more in another financial scam, the Harris Co. District Attorney's Office announced Wednesday. In a scheme that began in 2003 and ran through 2008, Kevin Lavelle Kent used his Orlando Mortgage firm to defraud investors by falsely stating he could obtain financing for them to purchase a multi-million dollar business. Kent is alleged to have requested money from investors to show "good faith". He collected approximately $1.4 million over a five-year period that he spent instead of depositing the funds into a promised escrow account.

After Kent's arrest in March 2010, further evidence was revealed that led to a new charge. It alleges that as owner of OMC Capital, he opened a business account in June 2009 and began offering to obtain financing for investors and commercial businesses. He provided potential buyers with fabricated documents and told them he would need deposits in each case that would be maintained in an escrow account. Kent is accused of defrauding these investors of almost $500,000.

Authorities are attempting to identify others who believe they may have been victimized by Kent. You are asked to contact the Financial Crimes Division of the Harris County District Attorney's Office at 713-755-8333.