Real Estate News
Real estate broker arrest twice for using clients money
A Memphis real estate broker was arrested twice in less than 24 hours for stealing from her clients.
By Nick Kenney - bio | email
MEMPHIS, TN (WMC-TV) - A Memphis real estate broker was arrested twice in less than 24 hours for stealing from her clients.
On Wednesday, Cheretica Mitchell was indicted and charged with theft of property between $1,000 and $10,000
She bonded out of jail and was arrested again on Thursday when she was charged in another theft case.
Mitchell was charged with identity theft and theft of property under $500.
Wayne Cleaves is moving from Georgia to the Memphis area
He recently bought a house in Bartlett with the help of Mitchell.
After the purchase, Cleaves found two unauthorized transactions on his bank account totaling $453.70.
Investigators said documents prove Mitchell used her broker's access to Cleave's bank account to play off the utility bill of her Cordova home.
Action News 5 knocked on the door to Mitchell's home, but no one answered
Mitchell later called the Action News 5 newsroom, but declined to be interviewed
She said she did not agree with her story being reported.
In an effort to curtail fraudulent payments, MLGW said it is currently upgrading security measures on the method of paying bills by phone.
Investigators advised people to be careful.
"Never give that much information to somebody you just simply don't know," said Shelby County Sheriff's Department spokesperson Steve Shular
"That's one of those balancing acts we have to deal with day by day."
Cleaves said he was not upset with Memphis, but will be more skeptical in the future.
"You trust people with your information to do the right thing for you," Cleaves said, "and they use your information for other things for their personal use."
Investigators said they are trying to determine if Mitchell is really a real estate agent.
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