Thursday, December 15, 2011 12:06 PM

Woman in Loan Fraud Scheme Granted Bail

Posted: Dec 14, 2011 12:01 PM PST Updated: Dec 14, 2011 12:01 PM PST

By Nathan Baca, Investigative Reporter

LAS VEGAS -- One of two accused home loan robo-signers faced a judge for the first time Wednesday. Former loan title officer Gerri Shepperd pleaded not guilty to more than 600 counts of fraud.

The Nevada Attorney General's Office charged Shepperd with paying notaries to forge signatures on home loans to speed up the foreclosure process. The AG says this fraud affects tens of thousands of Nevada home loans.

Three notaries who once worked for Fidelity National Title and Lender Processing Services in Las Vegas are cooperating with the investigation. Prosecutors say they can use more help from the public.

"We encourage them to call and file a complaint with our office. And I can't say enough; we urge employees, if you're working for a company or you have worked for a company, and you're aware that this type of activity was going on or is going on, please come forward," said Chief Deputy Attorney General John Kelleher.

Shepperd surrendered to AG investigators. She was booked and released on $50,000 bail. Her bail had been reduced from $500,000.

Shepperd's co-defendant, Gary Trafford, is scheduled to appear in court Friday.

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Might have been safer to stay in jail where it is more difficult “to commit suicide”...if you know what I mean...

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OFFICE OF THE ATTORNEY GENERAL CONTACT INFO:
Catherine Cortez Masto, Attorney General
555 E. Washington Avenue, Suite 3900
Las Vegas, Nevada 89101
Telephone – (702) 486-3420
Fax – (702) 486-3283
Web – http://ag.state.nv.us

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