Four Suspects Arrested for Involvement in Multi-Million Dollar Mortgage Fraud Scheme

Four individuals suspected of a multi-million dollar mortgage fraud scheme in Shelbyville, Tennessee, were arrested today, without incident, by special agents of the Knoxville Division of the Federal Bureau of Investigation (FBI) Chattanooga Resident Agency and investigators with the Bedford County Sheriff’s Office (BCSO). William Thomas McMahan, age 52, of Murfreesboro; Roger Dwight Ritch, age 52, of Shelbyville; Carrie Cameron Galvin Snow, age 40, of Murfreesboro; and Jonathan B. Henderson, age 39, of Murfreesboro were indicted by the federal grand jury in the Eastern District of Tennessee in Chattanooga and charged with one count of violating Title 18 United States Code Section 1344 and one count of violating Title 18 United States Code Section 1956. The indictment of a fifth defendant remains under seal. The indictments are the result of a 16-month joint investigation by the FBI, the BCSO, and the Internal Revenue Service (IRS), Criminal Investigation Division.

The indictment alleges that the defendants devised a scheme to obtain financing under false pretenses for purchasers of residential properties developed by American Value Homes, a construction company owned by defendant Roger Ritch. The indictment further alleges that as part of the scheme, the defendants, doing business as Mortgage Processing Services and Value Title, prepared loan applications containing false information, misrepresented the down payment amount made by borrowers, and falsely represented the employment status and income of borrowers. The scheme involved sales of houses by American Value Homes totaling approximately $30 million. Foreclosures on the fraudulent loans have resulted in a loss to lenders totaling approximately $2.4 million.
Cuatro sospechosos detenidos por su participación en fraude hipotecario que envuelve varios millones de dólares

All defendants are presumed innocent unless proven guilty in a court of law.

Tennessee State Parks present Special Exhibits

By Eddie Rojas

Sycamore Shoals Annual Siege at Fort Watauga — May 15-16
It’s 1776 and the Colonies are in the throes of Revolution and the frontier is in a state of chaos. Cherokee are being armed by the British and
threaten to attack the settlements. Come see how the settlers of the Watauga Valley defended their lives, families, hearth and home at the “Siege at Fort Watauga.”
Sycamore Shoals State Historic Park attracts more than 305,000 people every year. The 85-acre site sits on the banks of the Watauga River where the Overmountain Men assembled in 1780 before marching to defeat the British in the Battle of Kings Mountain, a turning point in the Revolutionary War. The park features interpretive exhibits, events, a fitness trail and picnic facilities. It is located off U.S. Highway 321 in Elizabethton. For more information about the “Siege” or other park activities, please call the park office at (423) 543-5808 or visit:
Frozen Head Volunteer Trail Day — May 16
Volunteers are asked to meet at Frozen Head’s visitor center at 9 a.m. and to bring a daypack with their own water and lunch.  Volunteers also should wear a good pair of hiking boots and appropriate clothing for weather conditions. Specific projects will be assigned and will focus on trail maintenance and repair. Some moderate hiking may be required and volunteers are expected to return by 3 p.m. if not sooner.

Frozen Head State Park is located in near Wartburg in Morgan County in the scenic Cumberland Mountains. The park contains undisturbed forest land, small streams and waterfalls, beautiful mountains and some of the richest wildflower areas in Tennessee. For more information about the Volunteer Trail Day or other events at the park, please call (423) 346-3318 or visit the park’s Web site at:

Tennessee’s 53 state parks offer diverse natural, recreational and cultural experiences for individuals, families, or business and professional groups. State park features range from pristine natural areas to 18-hole championship golf courses. For a free brochure about Tennessee State Parks, call toll free
1-888-867-2757. For additional information, visit our Web site at

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