Georgia Department of Law, from the office of Samuel S. Olens, Attorney General


Fulton County Grand Jury Returns Indictment for Real Estate Fraud Scheme

September 16, 2011

A Fulton County Grand Jury returned an indictment today against Kim Lamar Betts for his alleged participation in a scheme involving the fraudulent sales of residential properties in Fulton County.         

The charges allege that Betts purchased two residential properties in January and February of 2007 and received kickbacks from proceeds of each sale that were not disclosed to the mortgage lenders. Betts is also charged with misrepresenting that the properties being purchased would be primary residences, when purportedly he never lived at either and had no intention of doing so.

Betts was charged in Fulton County Superior Court with four counts of Residential Mortgage Fraud (O.C.G.A. § 16-8-102).  Each count is a felony punishable by up to 10 years imprisonment and a fine of up to $100,000.00.

Assistant Attorney General Greg Lohmeier is prosecuting the case on behalf of the State of Georgia. Lohmeier presented the case to the Fulton County Grand Jury on September 16, 2011 and the indictment was filed the same day with the Fulton County Superior Court. The case was investigated by Captain Benjamin Haynes of the Lilburn Police Department.

Members of the public should keep in mind that indictments contain only allegations against the individual(s) against whom the indictment is sought. A defendant is presumed innocent until proven guilty, and it will be the government’s burden at trial to prove the defendant guilty beyond a reasonable doubt of the allegations contained in the indictment.