Six indicted in arson fraud scheme [The Kansas City Star]
By Matt Campbell, The Kansas City Star | |
McClatchy-Tribune Information Services |
Yet a federal indictment unsealed Friday contends that's just what happened to one man accused in an arson and insurance fraud scheme.
The U.S. attorney's office said
It is not clear how big a role that played in the
The indictment alleges that the scheme to insure rundown properties for more than they were worth and then to burn them for insurance payouts was led by 26-year-old
Also indicted were Stamps' mother,
According to the U.S. attorney's office, Stamps and his co-conspirators bought, insured and burned five houses in
The defendants allegedly made false statements on the insurance applications that the houses had been renovated and were rented out with valuable contents inside. The loss to the insurance companies totaled nearly
The charges include conspiracy, arson, fraud and money laundering.
In an unrelated indictment,
Police found a 9mm pistol and a .40-caliber pistol inside a safe in a child's bedroom. Loyd initially claimed to be the owner of the weapons but, according to the indictment, she eventually told police that Stamps had the combination to the safe.
To reach
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