A Raleigh man pleaded guilty on June 23 to wire fraud, violation of Title 18, United States Code, Section 1343, and possession of a firearm by a criminal, in violation of Title 18, United States Code. United States, Section 922 (g), according to a press release from the Department of Justice, Eastern District of North Carolina.
“With this plea, this office is bringing to justice a dangerous man who defrauded numerous real estate investors in North Carolina and elsewhere,” said Acting United States Attorney G. Norman Acker III. “We are grateful for the work of our federal, state and local counterparts for their combined efforts to ensure that the accused pays a heavy price for his crimes.”
Joshua Matthew Houchins, 36, owner of various real estate development companies in Raleigh, admitted to defrauding real estate investors, according to court documents. Houchins also admitted to illegally holding a gun after being convicted of a felony, the statement said.
According to the previous indictment, between 2014 and 2018, Houchins owned and operated Rossshire Development LLC, Greenstone Ventures LLC and Modern South Development LLC and used these entities to commit fraud against his property development investors. Specifically, Houchins solicited investment funds by telling the victims that their money would be ‘tapped into’ a specific property, and further indicated that the investments would be secured by deeds of trust filed with the registry of county acts, “the statement said. . “In fact, Houchins did not use all of the investor funds for the property the investor was invited to invest in, and instead regularly used investor funds on other properties or on personal expenses. Likewise, the investors’ promissory notes were not secured by a trust deed as promised. In some cases, Houchins did not even own the property that was the subject of the investment and, as such, could not honestly grant a deed of trust to the investor.
The indictment alleges that after Houchins diverted investors’ money from the property the funds were supposed to be spent on, he failed to develop and sell the properties, as he said he ‘he would. “Houchins then defaulted on the notes by not paying investors the promised returns,” the statement continued. “Investors were unable to seize the investment properties because Houchins did not secure the promissory notes with a deposited trust deed, resulting in losses for investors.”
Houchins specifically pleaded guilty to Count Nine, who alleged a case of the fraud described above on January 6, 2017. As part of his plea, he agreed to compensate all victims for the losses resulting from the scheme and the schemes. related.
According to the second part of the replacement indictment, the grand jury began investigating Houchins in 2018 regarding the aforementioned offenses. Following the issuance of subpoenas to his lawyer and his various real estate companies, Houchins produced only a small number of documents to the grand jury, according to the statement. Instead, the indictment alleges that Houchins admitted in a February 2020 letter that he had “destroyed all evidence.”
The previous indictment also alleges that Houchins, who had recently separated from his wife, began sending her harassing messages. The indictment alleges that Houchins’ wife obtained a Domestic Violence Protection Order (DVPO) prohibiting Houchins from contacting, threatening or harassing his wife. While Houchins was already banned from owning a firearm because of his status as a convicted felon, the DVPO further banned him from owning a firearm, the statement said.
The replacement indictment then alleges that in March 2020, Houchins communicated to his wife’s friends that she had “run to the police” and that Houchins had “no mercy on a lying rat,” said the press release. About a month later, the previous indictment alleges that Houchins sent threatening communications to his wife’s friends and family, including photographs of Houchins wearing a mask and tactical vest.
The indictment that replaces him went on to charge that as a result of his internet searches for “killing your wife for love”, Houchins was arrested.
“At the time of his arrest, Houchins was in possession of a Ruger AR-15, 4 magazines, a dual cartridge magazine containing 100 rounds, two boxes of .223 caliber ammunition and a tactical vest” , specifies the press release. “Houchins pleaded guilty to Count Fourteen, who alleged he owned the Ruger AR-15 when he was a convicted felon. “
Acker made the plea announcement. The Federal Bureau of Investigation and the North Carolina Secretary of State are investigating the case, and the Wake County Sheriff’s Office, Apex Police Department and Sanford Police Department have provided assistance. US Assistant Prosecutor William M. Gilmore continues.
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