Another Key Player in Mortgage Fraud Ring Nabbed by Investigators

After Weeks on the Run, Ekue Satchivi in Custody

Atlanta- Fulton County District Attorney Paul L. Howard, Jr. announces the arrest of 42-year old Ekue Satchivi. Satchivi, also known by several other similar aliases, is one of 12 people recently indicted for involvement in an elaborate mortgage fraud scheme targeting the prominent West End Atlanta area. The defendants, as outlined below, are charged with RICO conspiracy (Racketeer Influenced and Corrupt Organizations) and multiple counts of residential mortgage fraud.

Authorities say Satchivi and Michael Dunlap were the primary ring leaders---conspiring with the other defendants in fraudulent housing deals involving nine properties--- seven of them in the 30310 zip code--- an area of Fulton county ravaged by mortgage fraud and foreclosure. According to the investigation, the team purchased homes, obtained falsely inflated appraisals, sold them to fictitious buyers and then split proceeds totaling nearly three million dollars.

Satchivi was captured in Atlanta on Thursday October 9, 2008 by the U.S. Marshal's Task Force with assistance from the District Attorney's office. At the time of his arrest, he was carrying over 20-credit cards believed stolen from various people. Five other defendants were arrested in a joint agency sting last month. Since then, two other men have surrendered but four others remain at-large. Authorities have confiscated additional homes, cars and other assets gained from the ill-gotten proceeds.

This case is being prosecuted by Assistant District Attorney Patricia Hooks of the Mortgage Fraud Unit with assistance from Investigator Marshall English of the DA's Investigations Unit. Investigator Robert McFall of the Atlanta Police Department's Major Fraud Unit was the lead detective on the initial investigation.

ADDITIONAL DETAILS

Indictment Counts:

Indictment #1 - 1 count of RICO Conspiracy
18 counts of Residential Mortgage Fraud

Indictment #2 - 1 count of RICO Conspiracy
8 counts of Residential Mortgage Fraud

Defendants: (Indictment Number in Parenthesis)

1.Michael Dunlap (1) arrested 9-11-08
2.Ekue Satchivi a/k/a Francesco E. Satchivi a/k/a Francesco E. Satchni a/k/a Epiphine Juanito Apaco (1 & 2) arrested 10-9-08
3.Grady Bland (1& 2) arrested 9-11-08
4. Jephthah Jenkins (1) arrested 9-11-08
5. Nikoi Kotey a/k/a Jonathan Nikoi Kotey (1)
6. W. Leo Payne (1) surrendered 9-23-08
7. Anthony Riley a/k/a Aloysius Anthony Peter (1 & 2)
8. Charles Neequaye (1)
9. Paul Agbeblewu (1)
10. Frederick Fisher a/k/a Rahim Kariem (2) surrendered 9-18-08
11. Franklin Polite (2) arrested 9-11-08
12. Brian Stokelin (2) arrested 9-11-08

Properties:(7 in 30310 zip code- West End)
1. 320 Mathewson Place - 30310
2. 1659; Rogers Avenue - 30310;
3. 1322 Lorenzo Drive - 30310
4. 814 Azalia Street - 30310;
5. 1120 Oglethorpe Avenue, S.W. - 30310;
6. 1398 Beecher Street - 30310;
7. 1429 Allegheny Street - 30310;
8. 134 Chappell Road - 30314;
9. 1107 Kirkwood Avenue- 30316

Media Contact: Yvette Brown, 404-224-0560/404-392-8867, yvette.brown@fultoncountyga.gov