Man's Alleged Loan Mod Scam Paid for Wife's Plastic Surgery

SALT LAKE CITY -- A man who owned a loan modification business in Lehi and St. George is being accused of defrauding homeowners to pay for personal expenses including entertainment and his wife's plastic surgery.

Utah Attorney General Mark Shurtleff says 34-year-old David Shawn Moffitt faces nine felony counts of communications fraud, theft and racketeering.

Prosecutors say Moffitt charged between $2,500 and $3,000 to modify loans so clients would not lose their homes, and promised full refunds if they were not satisfied.

But prosecutors say Moffitt refused refunds to up to 200 eligible clients and kept the money for himself at a time when employee paychecks were bouncing.

Moffitt's attorney, Stephen Howard, says he hadn't reviewed all the charges and didn't have immediate comment.

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