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Shields, husband acquitted in mortgage-fraud case

Federal jurors today acquitted former Jackson County Executive Katheryn Shields and her husband, Philip Cardarella, in a mortgage fraud case. Two other defendants were found guilty on some counts.

The allegations involved the proposed $1.2 million sale of the Kansas City home owned by Shields and Cardarella that prosecutors contended was the focus of a scheme to fraudulently obtain a loan far in excess of the home’s value. It had been on the market for about $700,000.

Shields, a Democrat, served three terms as county executive before running unsuccessfully earlier this year to be Kansas City’s mayor.

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