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Whatever happened to James Goddard, the “credit doctor” who was awaiting sentencing?

John Peaspanen

Q. Whatever happened to James Goddard, the “credit doctor” who was awaiting sentencing at the fedral level for pleading guilty to a number of federal crimes including identity theft?

A. James Walter Goddard, also known as Walter James Karble, Jr. and dubbed “The Credit Doctor of North Carolina,” has yet to be sentenced for federal crimes, for which he plead guilty in May 2011.

Attorney Felice Corpening of the U.S. Attorney’s Office, Eastern Division of North Carolina, in Raleigh, said, “He is still awaiting sentencing. It’s not on the calendar yet.”

Goddard pleaded guilty to bank fraud, three counts of wire fraud, three counts of money laundering, one count of obstruction of justice and one count of aggravated identity theft.

According to 74-count indictment, Goddard falsely applied to banks for hundreds of credit cards and lines of credit in the names of multiple people or businesses from 2005 to 2009. He was also accused of using fictitious tax returns and of submitting false applications, regarding annual income and when businesses were established.

The indictment said Goddard gathered personal information, including Social Security numbers, names, addresses and dates of birth and claimed the ability to secure credit for new businesses and repair damaged credit. He charged a 15 percent fee for every line of credit established, said the indictment. Those who sought Goddard’s assistance believed they were getting one or two credit cards, when he actually applied for between 10 to 20 lines of credit in their names, according to the indictment.

The indictment states that Goddard laundered more than $950,000 through his Sun Trust accounts from 2006 to 2009. Goddard is accused of causing $4 million worth of credit application and wire fraud between 2005 and 2011.

Goddard could be sentenced to 30 years for bank fraud, plus 20 years for wire fraud, money laundering and obstruction of justice. The maximum penalty for aggravated identity theft is two years in prison.

According to the U.S. Marshals Service in Raleigh, Goddard is currently being held by the United States Bureau of Prisons at the Metropolitan Correctional Center in New York, N.Y.


Whatever happened to the man who used to swim in the river on a regular basis?

Whatever happened to the cannons that used to be on top of the old WLI Armory?

User-contributed question by:
kevin boyle

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2 Responses to “ Whatever happened to James Goddard, the “credit doctor” who was awaiting sentencing?”

  1. On March 8, 2013 at 9:18 pm Faye wrote:

    I understand that james goddard is serving 17 years in federal prison in South Carolina. Wonder why the other two,Vanderzee and Ostby are only serving 5 or 6 years. You would think they would get the same length of time and have to repay an equal share of the 4 million dollars that was laundered.

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