Home » NEWS » Supreme Court disbars attorney for mortgage scam

Supreme Court disbars attorney for mortgage scam

JACKSON — The Mississippi Supreme Court has disbarred an attorney convicted with two other in a federal mortgage fraud scheme.

Kimberly A. Castle was one three people convicted in the case. The Supreme Court yesterday granted the Mississippi Bar’s petition for disbarment.

Prosecutors say Castle and the others bought distressed property in Hattiesburg, Petal, Laurel and Gulfport at low prices, got inflated appraisals and high mortgage loans and sold the property soon after buying it — a process called flipping.

Prosecutors say the defendants solicited victims to apply for mortgage loans in excess of the property’s value and pocketed the proceeds.

Castle and the others were convicted in 2007.

Castle, an attorney who the government said used her legal credentials to close the bogus transactions, was sentenced to two concurrent 48-month terms in jail, followed by five years of probation.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright