Secret Service most wanted fugitive captured in Houston

HOUSTON Edward Lee Waddell, who was wanted for alleged wire fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering, was arrested Wednesday morning. Waddell, 47, who was allegedly involved in a number of fraudulent mortgage transactions, was indicted last year by a federal grand jury. Authorities say Waddell received more than $500,000 from the scheme, which resulted in more than $1 million in losses to mortgage lenders.

Despite being a fugitive since the indictment and placed on the Secret Service Most Wanted Fugitives list in June 2009, investigators noticed Waddell's vehicle had been re-registered in Harris County. Early Wednesday morning, agents arrested him at his apartment.

Waddell was scheduled to make his initial appearance before a US Magistrate Judge in Houston Thursday.

If convicted, Waddell faces up to five years in federal prison for the conspiracy to commit wire fraud charge and up to 20 years for the conspiracy to commit money laundering charge and the six counts of wire fraud.

You can read more about Waddell and others wanted by the U.S. Secret Service on their web page.