Radio host indicted in $10M fraud case
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.