Real Estate Agent Convicted of Concealing Accounts, Wire Transfers a...

Arvel "Ray" Henderson II, a real estate agent, was convicted this week of theft of public money, concealment of assets, and bankruptcy fraud in the Northern District of Ohio.  Henderson was registered as a Section 8 landlord with the Lucas County Metropolitan Housing Authority and received rents from the LCMHA in connection with certain properties.  He transferred one of the properties but continued to receive rents to which he was not entitled for three years, defrauding LCMHA of approximately $22,589.

Later, Henderson filed a chapter 7 bankruptcy petition.  According to this press release, he failed to disclose three bank accounts, a variable annuity account, $499,980 in wire transfers, $20,000 in loaned funds, a 2004 BMW, and a 2014 Jeep Grand Cherokee.  The case was investigated by the Federal Bureau of Investigation and the Department of Housing and Urban Development.  Henderson is scheduled to be sentenced on December 20.