| News |

Mortgage Fraud Investigators Nab College Teacher/State Worker

Keep New Times Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Phoenix and help keep the future of New Times free.

An employee with the state Department of Environmental Quality who also teaches for the University of Phoenix has been been indicted for mortgage fraud.

Kailash Bhatt tried to sell the granite countertops and appliances of a foreclosed home in direct violation of the mortgage contract, says Maricopa County Attorney Andrew Thomas. Authorities say Bhatt put the items on Craigslist and accepted $2,000 as part of a negotiated $9,000 payment on them. But the person buying the stuff was an FBI agent looking for just this kind of crime.

Agents investigating the crime saw that light fixtures and ceiling fans had already been removed from the home, Thomas' news release states.

"Everyone pays in the long run when criminals are scamming the system," Thomas states in the release.

Bhatt's Web site shows he ran a business hooking people up with foreclosed homes:

State records show Bhatt's a licensed real estate agent affiliated with Prestige Realty. He has no record of open complaints or disciplinary actions. He is, or was, a "unit manager" with the DEQ's waste division, and an adjunct faculty member with UoP's Department of Environmental Science.

Busy guy. Sounds like he's handy with a screwdriver, too.

UPDATE: Bhatt was found guilty of defrauding a secured creditor, a class 1 misdemeanor, and sentenced to two years' probation beginning April 1, 2010.

Keep Phoenix New Times Free... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Phoenix with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the New Times community and help support independent local journalism in Phoenix.


Join the New Times community and help support independent local journalism in Phoenix.