Lubbock home used in fraud case - KCBD NewsChannel 11 Lubbock

3/17/10

Lubbock home used in fraud case

LUBBOCK, TX (KCBD) - At least one Lubbock property was used as part a $20 million bank fraud case.

A federal grand jury in East Texas indicted Florida resident John Barry and 39 other people. The indictment says Barry conspired with brokers and straw buyers to falsify the value of various properties on bank loans.

The indictment lists a house in the 9400 block of Wayne Avenue. According to the Lubbock Central Appraisal District Barry's company owns four more houses in Lubbock but the other four are not listed in the indictment.

Most of the homes listed by court records are in McKinney while others are listed in various places across Texas. Court records say Barry made $10 million in illegal profits while various banks suffered losses in excess of $20 million.

Copyright 2010 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • For the first time, Facebook spells out what it forbids

    For the first time, Facebook spells out what it forbids

    Tuesday, April 24 2018 5:46 AM EDT2018-04-24 09:46:09 GMT
    Tuesday, April 24 2018 6:49 AM EDT2018-04-24 10:49:13 GMT
    (AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...(AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...
    For the first time, Facebook spells out how it decides whether to delete your posts.
    For the first time, Facebook spells out how it decides whether to delete your posts.
  • Motive elusive after van driver kills 10 on Toronto sidewalk

    Motive elusive after van driver kills 10 on Toronto sidewalk

    Tuesday, April 24 2018 12:25 AM EDT2018-04-24 04:25:49 GMT
    Tuesday, April 24 2018 6:48 AM EDT2018-04-24 10:48:49 GMT
    (Aaron Vincent Elkaim/The Canadian Press via AP). Officials carry a body into a vehicle after a van mounted a sidewalk crashing into pedestrians in Toronto on Monday, April 23, 2018. The rented van jumped onto the crowded sidewalk Monday, killing and i...(Aaron Vincent Elkaim/The Canadian Press via AP). Officials carry a body into a vehicle after a van mounted a sidewalk crashing into pedestrians in Toronto on Monday, April 23, 2018. The rented van jumped onto the crowded sidewalk Monday, killing and i...

    Police in Canada's biggest city are piecing together witness accounts and surveillance video trying to determine why a driver plowed a rented van along a crowded sidewalk, killing 10 people and injuring 15 in what...

    Police in Canada's biggest city are piecing together witness accounts and surveillance video trying to determine why a driver plowed a rented van along a crowded sidewalk, killing 10 people and injuring 15 in what many said seemed a deliberate attack.

  • Study shows best times to buy airline tickets

    Study shows best times to buy airline tickets

    Tuesday, April 24 2018 6:35 AM EDT2018-04-24 10:35:47 GMT
    Tuesday, April 24 2018 6:46 AM EDT2018-04-24 10:46:04 GMT
    A new study shows when to expect the cheapest airfare. (Source: CNN/Southwest Airlines)A new study shows when to expect the cheapest airfare. (Source: CNN/Southwest Airlines)

    A new study shows when to expect the cheapest airfare.

    A new study shows when to expect the cheapest airfare.

Powered by Frankly