Carrollton woman sentenced to prison, required to pay thousands in restitution

Tom Larson, acting United States Attorney for the Western District of Missouri, announced that a Carrollton woman was sentenced in federal court for a bank fraud scheme.

Carol Noble, 65, was sentenced to two years and six months in federal prison without parole after she was convicted of a bank fraud scheme in which she used her neighbor’s house to obtain a loan for her failed business venture.

The court has also ordered Noble to pay $267,924 in restitution.

In March, Noble was found guilty at trial on two counts of bank fraud. Evidence showed Noble defrauded Central Trust Bank in Jefferson City in 2011 as part of a scheme to obtain a fraudulent $185,000 loan in order to purchase a convenience store in Stover.

Noble is accused of causing the fraudulent appraisal of her Gravois Mills’ home in order to obtain the loan.

Noble is suspected of changing the physical address of the residence to that of an adjacent residence by altering the last digit of the house number, unbeknownst to the neighbor.

Noble is accused of meeting the appraiser at her neighbor’s house.

The appraiser then appraised the wrong home at a value of $100,000 higher than the true value of Noble’s property.

According to the court documents, the loan closed and the money was issued, but the business quickly failed.

During the foreclosure process, it was determined that the property appraised was not Noble’s house.

The bank, Noble’s business partners and the appraisal company and its insurance company lost substantial amount of money as a result of the fraud.