Cuyahoga County prosecutors say 39-year-old Mark Kellogg of Shaker Heights was the deal maker in nearly 6 million dollars in bogus mortgages on scores of Slavic Village homes. He’s pleaded guilty to more than 100 counts of money laundering, fraud, theft and conspiracy.
Kellogg steered the phony sales of 78 homes through straw buyers and sellers – including his co-defendant Beverly Cody. Their guilty pleas include the admission that the sales harmed not only the banks that made loans, but other property owners in Slavic Village. Assistant Cuyahaoga County prosecutor Michael Jackson says, while much of Slavic Village was trying to rehab the neighborhood, Kellogg’s was doing no – or shabby – rehabs and installing buyers who could care less.
Jackson says the admission of criminal culpability for what happened to a whole neighborhood appears to be a first nationally. | 
