An attorney out of Chicago and national radio show host for the Radio One Network has been indicted after being accused of defrauding lenders out of more than $10 million. The indictment has been announced by the US Attorney's Office, where Ballentine is being accused of working with others to secure mortgages that were later deemed to be fraudulent.The indictment includes six counts, including bank and wire fraud. Each count with a maximum prison term of 30 years. He could also be fined up to $10 million dollars on every count. He is set to be arraigned on February 5.
Prosecutors claim that Ballentine owns a law firm in suburban Country Club Hills, but he lives in Durham, North Carolina right now.
Dr. Boyce Watkins, a Finance Professor who has appeared on Ballentine's show, says that people shouldn't judge until the evidence is presented.
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Radio show host and attorney Warren Ballentine indicted
3 comments:
Sad. What a waste of his talents.
Lawyers are getting desperate, it seems. Too bad! They should be disbarred and do time.
omg how bad is this a readio show host giving society advice while he allegedly was engaging in wrongdoing if he is guilty that will be here on nasga blog so til then i hold off on my other comments til then we are at risk if we ever need a lawyer
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