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Mother defends son and daughter-in-law in fraud case publicity



This news story was published on December 30, 2010.
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Nancy Alexander is the mother and mother-in-law to David and Meggan Alexander, who have been in the news recently, due to their conviction for mortgage fraud. She contacted NorthIowaToday.com to tell her family’s side of the story.

Due to the mortgage fraud conviction, David Alexander faces up to 30 years in prison and a $1,000,000 fine. Meggan Alexander faces up to 92 years in prison and a $3,250,000 fine. Both are free on bond and awaiting sentencing.

Nancy Alexander told NorthIowaToday.com that she was concerned about the negative publicity David and Meggan received after their arrests and their portrayal in a KIMT news story.

“I am disturbed with the reporting that KIMT has done & for the picture on their website of our son,” Alexander said. KIMT’s news report of this & their ‘mug shot’ ñ puts such a slant to this story. The picture was taken when he was being picked up at his home moments after he got off work ñ a 9 hr day” at a roofing job.” Nancy gave NorthIowaToday.com a recent picture of David and Meggan Alexander (see photo to right).

Nancy Alexander contacted KIMT’s News Director, Greg Berry, and asked why the station used a picture that Alexander feels negatively portrays her son. “It’s not my position to solicit photographs from people who are in situations like these. If I would ñ it would be a never-ending process. Our policy is to use mug shots that are released by area law enforcement and it will continue to be that way,” Berry told Alexander.

Nancy Alexander also told NorthIowaToday.com that there seemed to be issues during the trial, and that there was a “predatory lending” angle to it. “This story does have to do with predatory lending which was a part of the package here. A loan officer admitted to forging Meggan’s signature and to falsifying paperwork, but the Judge said it was not admissible ‘because it wasn’t relevant to their case.’ Paperwork that was introduced as evidence, had major portions ‘blacked out’ at the request of the prosecuting attorneys & approval of Judge Reade. Portions of the paperwork that would have introduced the ‘predatory lending’ phraseology into the trial.”

Alexander pointed out that “Judge Linda Reade is online as an investor in the lending institution that brought this suit. She was asked to recuse herself and denied the request. We questioned this. How could someone with financial interest in the case be unbiased?” Further, she said “She (Reade) also did not see that the jury stayed sequestered during the trial. Some of the jurists were using the same bathroom that we were, all the while we were at the Federal Court in Cedar Rapids, Iowa. From the bench, when it was brought to her attention – Judge Reade blamed the US Marshalls for not doing their job. We thought at this point there were grounds for a mistrial.”

Nancy Alexander also provided the following statement which she asked NorthIowaToday.com to publish:

My name is Nancy Alexander and David & Meggan Alexander are my son & daughter in law who a Federal court of law found guilty of mortgage fraud.

Most people don’t set out to commit mortgage fraud. Mortgage brokers are the people between the lending institution and the home buyer. In our case, a first time home buyer. David & Meggan trusted the mortgage broker with their personal information, and did not read the paperwork the mortgage broker prepared – they signed & initialed, their fault. Misrepresentation of their information ñ not such a straight forward call.

I am writing today to say that the Channel 10 News did an unbiased and honest news report on mortgage fraud on the 28th of December & how to avoid it. They interviewed a home mortgage lender who informed people to be sure they could trust their mortgage broker. Well said.||

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