Following a story we posted Aug. 13 regarding mortgage fraud charges being brought against four managers of the manufactured housing retailer Phoenix Housing Group of Greensboro, North Carolina, one of the accused is now considered a fugitive. The four are charged with conspiring to defraud buyers of manufactured and modular housing in North and South Carolina, and originating $158 million in fraudulent federal loans for their purchase. They are Fabian Sparrow, 35, of Burlington; Dennis Wayne Parris, 55, of Pinehurst; Andrew B. McKeown, 38, of Asheboro; and Roger Dean Bailey Jr., of Hickory. Sparrow was also charged with making false statements to investigators, destroying documents in an attempt to hide the paper trail, and encouraging others to lie. MHProNews has learned from thetimesnews Sparrow is now considered a fugitive. Joseph Klakulak of Charlotte has already entered a guilty plea to one count of conspiracy to defraud the federal government and making false statements to investigators, for which he is facing five years in prison and a $250,000 fine. Sparrow is looking at 55 years in prison and a $1.5 million fine if convicted.
(Photo credit: thetimesnews–Fabian Sparrow)