In the following press release the Midland (TX) Police Department announced that its White Collar Division is in the final stages of an investigation involving several citizens who were defrauded by people who purchased residences from them under false pretences.

The citizens found out that the business was not making payments on mortgages as was their original agreement, placing them further into debt - a type of real estate fraud.

Jason Morrison and Marcus Rosenberg with Vanguard Properties purchased homes from unsuspecting victims, four persons, who are now close to foreclosure on their homes.

  
Courtesy CBS 7 News                                   Courtesy of NewsWest 9

On February 11, 2009, warrants were issued for Morrison (3-08-76) and Rosenberg (3-25-76) for Securing Execution of Document by Deception. Morrison was arrested on February 12, 2009, and Rosenberg, an Odessa resident, is still outstanding.

The Midland Police Department White Collar Division is asking that any citizens who feels they might have been a victim, to contact police. Victims can contact the Midland Police Department White Collar Division at 685-7108.