Former Philadelphia Eagle Irving Fryar and his mother have been indicted on conspiracy and theft charges for attempting to steal $690,000 through fraudulently-obtained home equity loans in New Jersey, Acting Attorney General John J. Hoffman announced on Wednesday.
Fryar, 51, of Springfield, NJ, and Allene McGhee, 72, of Willingboro, were indicted on second degree charges of conspiracy and theft by deception.
McGhee allegedly conspired with Fryar in a scheme in which she obtained five home equity loans using her home in Willingboro as collateral for all the loans, Hoffman said.
She allegedly obtained the loans, which totaled more than $690,000 between Dec. 16 and Dec. 21, 2009. She closed four of the loans on Dec. 21, 2009, Hoffman said. Fryar allegedly collected $200,000 of the fraudulently-obtained money.
Fryar and McGhee allegedly applied for and closed on the loans within a short period of time, purposefully failing to reveal the existence of the other loans, Hoffman said. Thus, each bank believed it held the first lien on the property, ensuring adequate equity to secure the loan, Hoffman said.
McGhee is also accused of falsely claiming she made thousands of dollars a month as an event coordinator at Fryar’s church in Burlington County, according to Hoffman. Fryar is the pastor of the New Jerusalem House of God in Mount Holly.
They made a few payments on the loans, which the banks eventually wrote off as losses, Hoffman said.
McGhee obtained the loans from the following banks: Susquehanna Bank, The Bank, Cornerstone Bank, Sun Bank, and Beneficial Bank.
Fryar and McGhee are also accused of giving false income information for McGhee to obtain an additional mortgage loan on McGhee’s home from Roma Bank in January of 2010; and a $414,000 loan from Lincoln Mortgage Company in October of 2009.
The loan from Lincoln Mortgage Company was secured by his home in Springfield.
In addition to the Eagles, Fryar played for the New England Patriots, Miami Dolphins and Washington Redskins between 1984 and 2000. He is a former Pro Bowler.
He grew up in Mount Holly and graduated from Rancocas Valley High School. He played college football at the University of Nebraska, where he was named an all-American in 1983.
He’s the current Robbinsville High School varsity football coach.
Second degree charges carry a sentence of 5-10 years in prison and a fine of up to $150,000.