Pastor Charles Jenkins Scandal #2 Brewing?

pastor-charles-jenkins-scandal

Pastor Charles Jenkins Scandal #2 brewing?

Pastor Charles Jenkins scandal #1 was just starting to subside and now it appears that scandal#2 is on its way.  Yes, Pastor John Jenkins is  getting some more bad publicity this time involving the church he pastors, Fellowship Missionary Baptist Church being involved with possible mortgage fraud committed by his younger brother.

According to a  news reports by the Chicago Crusader, recently uncovered documents in Cook County show that Carlton Jenkins, younger brother of Charles Jenkins, purchased a property from the church for $10 and then took $209,000 in loans out on the property the same day and  records at Cook County’s treasurer reveals that  Pastor Charles Jenkins church has paid all the property taxes on the home although the property was listed in his brother Carlton’s name.

 

Here is an excerpt from the article written by J. Coyden Palmer:

“On June 17, 2005, a married man named Anthony Oliver sold the property to Fellowship for $10, according to then-Cook County Recorder of Deeds Eugene Moore’s office. On Feb. 26, 2007, that same property was sold to Carlton Jenkins—listed as an unmarried male—for $10 according to documentation. 

The younger Jenkins then took out a 30-year, $198,000 mortgage on the property the same day with First NLC Financial Services LLC, which is based out of Deerfield Beach, Florida, the state in which the brothers are originally from. 

Again on Feb. 26, 2007, Carlton Jenkins took out an additional $11,000 mortgage loan on the property through Fellowship’s credit union at an interest rate of three percent. Carlton Jenkins promised to pay the church $197.66 a month from April 2007 until March of 2012, according to a document from Moore’s office. 

Obtaining multiple loans simultaneously for a total amount greatly in excess of the actual value of the property is called, “shotgunning.” It is a fraudulent practice that lenders first started seeing nationwide in late 2006 in the heart of the nation’s housing crisis. The current market value of the property Jenkins owns is $117,820, according to the Cook County Assessor’s office. “

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Source & photo: A Toast 2 Wealth