Former mortgage agent facing fraud, conspiracy charges

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By The Associated Press

Story Published: Jul 3, 2007 at 4:19 PM MDT

Story Updated: Jul 3, 2007 at 4:19 PM MDT

HELENA - A Montana State Prison inmate is facing new charges, in connection with his mortgage lending practices in Helena.
Authorities say Scott Hilgers has a history of theft, bad checks and probation violations Last month, 34-year-old Hilgers was indicted by a grand jury on charges of scheming to defraud mortgage companies and conspiracy.
Similar charges are pending against Todd Rice of Boulder. It's alleged that, between October 2004 and October 2005, Rice applied for four residential mortgages, which were arranged by Hilgers, allegedly using fraudulent information.
The two men are also accused of using false statements to obtain $686,000 in electronic funds transfers.
A trial for Hilgers and Rice is set for August 13th in U.S. District Court in Helena.

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