Radio host indicted in alleged $10 million fraud

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by Associated Press

WCNC.com

Posted on January 28, 2013 at 4:43 PM

CHICAGO (AP) -- A suburban Chicago lawyer who hosts a national radio talk show has been indicted for allegedly defrauding lenders out of nearly $10 million.  

The U.S. Attorney's Office in Chicago announced the charges against Warren Ballentine on Monday. 

The 41-year-old is accused conspiring with others to secure more than two dozen fraudulent mortgage loans. 

The six-count federal indictment includes charges of bank and wire fraud. Each count carries a maximum prison term of 30 years. The indictment also seeks the forfeiture of nearly $10 million.  

Ballentine's arraignment is set for Feb. 5  

Prosecutors say Ballentine owns a law office in suburban Country Club Hills but now lives in Durham, N.C. There's no current listing for his law office and a residential number for Ballentine in Durham didn't answer.
 

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