Synopsis of Evans case:
Charles Evans, Jr. was an attorney approved by Mississippi Valley Title Insurance Company to provide title certificates to MVT and lenders showing a borrower had clear title to property. MVT filed a lawsuit in September accusing his brother of using over 30 LLC's to obtain fraudulent loans from over 30 banks in Mississippi. Chris Evans would allegedly use one company to purchase a large tract of prime commercial real estate in Madison and Desoto Counties. Another company owned by Evans would obtain a commercial real estate mortgage on a smaller section of the tract yet that borrowing company never obtained a deed showing ownership of the land from the other company. Thus the smaller tract was actually non-existed as the larger tract was never actually subdivided. Charles would allegedly provide a title certificate however showing the borrowing company owned the land even though it didn't.
Over 80 loans for nearly $50 million were issued by Mississippi banks to companies owned by Chris Evans for lands those companies either did not own. MVT has testified federal authorities are currently investigating the case. Chris Evans filed Chapter 7 bankruptcy on October 26, which stopped the Mississippi Valley Title's lawsuit against him as federal bankruptcy law stays most state civil court proceedings once a bankruptcy petition is filed. Mississippi Valley Title testified 65 title insurance claims for approximately $41 million have been filed by banks affected by the Evans case.
Posts are in chronological order.
Tempest in a Teapot or Record Breaking Fraud?
JJ estimates $40 million in loans issued
Banks issued nearly $10 million in Desoto loans
Update on court filings
FBI contacts MVT, Attorney calls Evans case "biggest fraud in Mississippi since Worldcom
Over $74 million issued in loans in Mississippi & Texas
Phony signatures & loans to a non-existent company?
Banks join the scrum
Mississippi Business Journal Covers Evans case
Pictures of the Devlopment
Banks fight Evans bankruptcy
Mississippi Business Journal reports more details.
Evans stiffed printers
Update on Madison County Chancery Court complaint
Over $16 million in Texas loans in default
Judge will remove case, order sale.
Evans claims to own $82 million in properties.
Did MVT policies have exclusion for notice?
Desoto papers cover Evans case
Mississippi Valley Title: 65 claims for $41 million.
Evans case now in federal court.
Banks square off against Mississippi Valley Title
Mississippi Valley Title sues to cancel policy.
Banks can examine Mississippi Valley Title.
Banks are entitle to examine Mississippi Valley Title (Audio recording of hearing included)
B&K sues Mississippi Valley Title to enforce policy.
Mississippi Valley Title has to give banks info.
Trustee seeks to liquidate claims.
Good ole boy network?
Judge wants properties sold. (Audio recording of hearing included)
B&K tries to make Mississippi Valley Title honor policy
Evans brothers still at it.
Banks force Charles Evans into bankruptcy.
Judge orders B&K and Mississippi Valley Title to mediate.
Mississippi Valley Title only paid four claims.
More banks pile on against MVT.
MVT and trustee propose settlement.
Wanted: Charles Evans
Charles Evans caught.
Charles Evans stays in jail.
Judge detains Evans.
Charles Evans indicted.
Should Mississippi Valley Title have been aware something was amiss?
G&B goes after Mississippi Valley Title
Evans case fight now becomes a war (Audio recording of hearing included)
Dale Danks is on Evans case.
Evans case moves closer to trial
Finally! USA v. Evans
Evans plea postponed
Update on Evans case
Evans brothers plead guilty
Evans case
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