Charged with bank fraud and money laundering were Roger Dwight Ritch, 52, of Shelbyville; William Thomas McMahan, 52, of Murfreesboro

Charged with bank fraud and money laundering were Roger Dwight Ritch, 52, of Shelbyville; William Thomas McMahan, 52, of Murfreesboro; Jonathan B. Henderson, 39, of Murfreesboro; and Carrie Camerson Galvin Snow, 40, of Murfreesboro.Four persons have been arrested in a $30 million mortgage fraud scheme involving some 300 homes in Shelbyville.Officials told the Shelbyville Times-Gazette that the scheme involved the sale of houses by American Value Homes and foreclosure on fraudulent loans that resulted in a loss to lenders totaling approximately $2.4 million.The defendants are accused of preparing false loan applications, misrepresenting down payments and listing the wrong employment status and income of borrowers.