Overview
- Luther Davis and associate CJ Evins, who waived indictment, disclosed Wednesday through reporting on federal filings that they intend to plead guilty to charges tied to a multi-million-dollar loan fraud.
- Prosecutors say the pair ran the scheme from May 2023 to October 2024, securing about 13 loans worth roughly $19.845 million from lenders including Aliya Sports and All Pro Capital Funding.
- The filings describe a playbook that used shell companies with player-like names, new bank accounts, fake emails and forged IDs, plus virtual closings where Davis wore wigs, makeup or a durag and presented bogus driver’s licenses.
- The criminal information names three deals totaling about $11.6 million, including $4.025 million linked to David Njoku, $4.35 million to Xavier McKinney and $3.3 million to Michael Penix Jr., and says the players were not involved.
- The case charges conspiracy to commit wire fraud and aggravated identity theft, which can carry long prison terms, and it is likely to spur lenders to tighten remote-closing checks and consider civil recovery efforts.