Blog Profile / Mortgage Fraud Blog
| URL : | http://www.mortgagefraudblog.com/ | |
|---|---|---|
| Filed Under: | Real Estate / Real Estate Industry News | |
| Posts on Regator: | 3569 | |
| Posts / Week: | 13.2 | |
| Archived Since: | March 20, 2008 | |
Blog Post Archive
Developer, Attorney, Among 5 Charged with Defrauding Lenders
Brandon L. Barber, 37, New York, New York, and four other men were charged with federal crimes stemming from schemes to defraud involving several Northwest Arkansas real estate transactions and Barber's bankruptcy case.
Man Admits Misappropriating Loan Funds
Larry Duwayne Woods, 69, pled guilty in federal court in Florence, South Carolina, to wire fraud in connection with a condominium development project.
Jury Convicts Woman of Mortgage and Bankruptcy Fraud
Myra Holmes, Vallejo, California, was convicted by a federal jury of one count of Bankruptcy Fraud, one count of Bank Fraud, and three counts of Making a False Statement to a Bank.
Man Sentenced for Defrauding Lenders
Lane Anderson, 38, was sentenced to four years' imprisonment for conspiracy to commit bank fraud and wire fraud.
Attorney Indicted in Real Estate Investment Fraud Scheme
Aaron G. Seltzer, 36, Trappe, Maryland, on nine counts of wire fraud in connection with a scheme in which he converted funds intended for real estate investments to his personal use.
Woman Jail for Forging Signatures on Loan Approvals
Wanda Henderson, 56, Westover, Maryland, was sentenced by U.S. District Judge Ellen L. Hollander to 18 months in prison, followed by five years of supervised release, for forging the signatures of various bank officials, including the President, as the approving loan officer on applications.
Man Sentenced for Looting Escrow Account
Brett A. Amendola, 38, Ashburn, Virginia, was sentenced to 84 months in prison for carrying out a $5 million Ponzi scheme involving his purported purchase of real estate.
2 Sentenced for Illegal Real Estate Flipping Scheme
Geoffrey Montani, 36, and Kenneth Jones, 50, both of Portland, Oregon, were sentenced to 15 months in prison in separate hearings following their convictions for wire fraud in connection with a mortgage fraud scheme.
Real Estate Investment Scheme Yields 5 Year Prison Sentence
Aboulmalik Negedu, 50, formerly of Stratford, Connecticut, was sentenced to serve five years in prison for stealing more than $120,000 from friends and others who pooled their money expecting to invest in real estate.
3 Charged with Straw Buyer Scheme
Surjit Singh, 66, Dublin, California; his son, Rajeshwar Singh, 38, Pleasanton, California; and Anita Sharma, 51, Gilroy, California, have been indicted and charged with mail fraud, bank fraud, and false statements on a loan and credit application.
Loan Officer Jailed for Fraudulently Increasing Her HELOC
Allison McClellan, 40, Odenville, Alabama, a former officer at a Birmingham bank, was sentenced by a federal judge to six months in prison, followed by six months home detention, plus three years of supervised release for a five-year fraud through which she stole almost $275,000 from her employer.
South Carolina Man Admits Falsying Income to Qualify for Loan
Jason G Haywood pled guilty to charges that he knowingly made a false statement for the purpose of influencing a lender in connection with a loan for a residential property. The defendant stated in a loan application that his net worth was more than $1.9 million, when in truth and in fact, as he knew well, his net worth was not that amount.
Man Alters Trust Agreement to Obtain Mortgage
Gregory Wayne Eagle, 62, Cape Coral, Florida, pleaded guilty to four counts of bank fraud, one count of mail fraud, and one count of wire fraud in connection with the altering trust agreements to obtain a mortgage.
Lawyer Sentenced for Mortgage Fraud Conspiracy
Neal Sultzer, Plainview, New York, has been sentenced for his role in a to conspiring to commit wire fraud and bank fraud in connection with a $66 million mortgage fraud scheme involving over 100 home mortgage loans for residential properties in the New York City area, Westchester County, Dutchess County, and Long Island.
Veterinarian Admits Misrepresenting Collateral to Obtain Loan
David L. Sturgeon, 63, Cordell, Oklahoma, has pled guilty to making false statements to defraud the Bank of Cordell.
Real Estate Investors Agree to Plead Guilty to Bid Rigging
Peter McDonough, Pleasanton, California, and Michael Renquist, Livermore, California, two real estate investors, have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
2 Men Charged with Real Estate Investment Fraud Scam
Paul Mancuso, 46, Glen Rock, New Jersey, and Pasquale Stiso, a/k/a Pat Stiso, 52, West Harrison, New York, were arrested and charged with engaging in a real estate investment fraud conspiracy that defrauded more than 15 victims of approximately $5 million from 2009 to the present.
Mortgage Broker Sentenced for Bank Fraud
Randolph Branham, 46, Destin, Florida, a former mortgage broker, was sentenced in federal court to two years in prison and ordered to pay over $1.8 million in restitution, having been adjudicated guilty of multiple bank fraud violations.
Real Estate Agent Fakes Improvements to Obtain Mortgages
Michael Wayne Harding, 59, Keswick, Virginia, a local businessman and former commercial real estate agent, pled guilty to federal fraud charges.
Foreclosure Rescuer Admits Running Balance Reduction Scam
Gary Dimattia, 62, Las Vegas, Nevada, pled no contest in connection with his operation of a mortgage lending fraud scam, including four counts each of mortgage lending fraud and theft, one count of multiple transactions involving fraud and deceit in the course of enterprise or occupation, and one count of pattern of mortgage lending fraud.