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Man Pleads Guilty To Theft In Greeley Foreclosures

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Russell Dunlap (credit: Weld County Sheriff's Office)

Russell Dunlap (credit: Weld County Sheriff’s Office)

GREELEY, Colo. (AP) — A Pennsylvania man has pleaded guilty to his role in an alleged scam that led to dozens of foreclosures in Greeley.

Russell Dunlap, of West Grove, pleaded guilty Monday to a theft count. Prosecutors in Weld County say he is scheduled to be sentenced April 8.

Dunlap was one of three people charged after foreclosures in the Owl Ridge development. Timothy Davis, of Lacey, Wash., pleaded guilty last year to a theft charge and was sentenced to three years in prison. Kawika Morelli, of Englewood, Colo., is charged with five theft counts and five counts of forgery. Morelli hasn’t entered a plea yet.

Investigators allege the three worked together to artificially inflate home prices between 2006 and 2008, which they say led to dozens of foreclosures.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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