Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1648
Posts / Week:4.1
Archived Since:March 20, 2008

Blog Post Archive

Grand jury indicts brothers on grand theft charges

Mortgage Fraud Blog. Two brothers accused of bilking a Castalia man out of $30,000 face felony charges of grand theft following a grand jury indictment in August, court records show. Daniel Keegan, 45, of Castalia, and David Keegan,Show More Summary

Appeals court upholds Regina Preetorius’ conviction in real estate scam

Mortgage Fraud Blog. A former Augusta-area businesswoman was fairly tried and sentenced to more than 23 years in prison for a massive fraud based on a phony mortgage rescue operation, an appeals court has declared. In a six-page opinion...Show More Summary

Man extradited from Spain over $20 million Detroit real estate scheme

Mortgage Fraud Blog. A New York man charged in a $20 million telemarketing scheme that involved Detroit homes has been extradited from Spain, federal officials announced Friday. Erez Arsoni is among 16 people accused in federal court...Show More Summary

Newman man gets prison for real estate scam

Mortgage Fraud Blog. Ralph Leyva pleaded no contest to three counts of grand theft and one count of burglary. The defendant, who had no previous criminal history, received the maximum prison sentence and was ordered to pay full restitution to the victims. Show More Summary

Copyright lawyer for litigious porn studio hit with bank fraud charges

Mortgage Fraud Blog. Porn studio Malibu Media files a lot of copyright lawsuits—more than any other entity in the US. In all, the company has filed more than 4,300 lawsuits since 2009, according to a report by Lex Machina. Malibu relies...Show More Summary

Loan Officer Indicted for Bank Fraud

Mortgage Fraud Blog. Randy Gard Teall, 67, Post Falls, Idaho, pleaded guilty to bank fraud. Teall was indicted by a federal grand jury in Coeur d’Alene, Idaho on June 17, 2014. According to the plea agreement, Teall admitted he was a loan officer at Global Credit Union, a federally insured financial institution in Coeur d’Alene, Idaho. Show More Summary

Guilty Plea in Florida Foreclosure Rescue Scheme

Mortgage Fraud Blog. David W. Griffin, 44, Lutz, Florida, pleaded guilty to one count of bankruptcy fraud and one count of making a false statement under oath during a bankruptcy proceeding in connection with a foreclosure rescue scheme.  Griffin faces a maximum penalty of 5 years in federal prison for each charge. Show More Summary

Clerk Indicted for Accepting Bribe to Record Back-Dated Deed

Mortgage Fraud Blog. Regina Taylor, 59, Chicago, Illinois, a former clerk for the Cook County, Illinois, Recorder of Deeds, accepted a $200 cash bribe in exchange for preparing and agreeing to record a back-dated deed on an Oak Park,...Show More Summary

Sentence in Florida Condo Conversion Scheme

Mortgage Fraud Blog. Brendan Bolger, 41, Chicago, Illinois, was sentenced to two years in federal prison for conspiracy to commit bank, wire, and mail fraud in connection with a Condo Conversion Scheme. The Court also entered a forfeiture money judgment in the amount of $13,641,197.90, which represents the fraud perpetrated on the mortgage lenders. Show More Summary

Two Plead Guilty in Mortgage Modification Scheme

Mortgage Fraud Blog. Ped Abghari, a/k/a “Ted Allen,” 38, Irvine, California, and Justin Romano, 41, of Blue Point, New York, pled guilty for their roles in orchestrating a massive mortgage modification scheme that collectively defrauded...Show More Summary

Michigan Attorney Pleads Guilty in Loan Modification Scheme

Mortgage Fraud Blog. Steven Barry Ruza, 52, Orchard Lake, Michigan and his company, Home Legal Group, Inc., pled guilty to one count of Conducting a Criminal Enterprise.  Ruza and his company were accused of stealing hundreds of thousands of dollars from Michigan residents that were facing mortgage foreclosures. Show More Summary

Baltimore Mortgage Fraud Scheme Sentencing

Mortgage Fraud Blog. Kevin Campbell, 53, Pyesville, Maryland, was sentenced to 19 months in prison followed by five years of supervised release for conspiring to commit mail, wire and bank fraud arising from mortgage fraud schemes resulting in losses totaling approximately $1.2 million and was ordered to pay restitution of $1,182,822. Show More Summary

Former island real estate agent indicted on fraud charges

Mortgage Fraud Blog. A former Anna Maria Island real estate agent accused of bilking vacationers of $200,000 was indicted Sept. 1 and now faces a federal mail fraud charge and trial. The U.S. District Court arrested Michael Perry Carleton of Bradenton Sept. Show More Summary

Notorious mortgage fraudster Brent Barber back in Kansas City, serving out the rest of his 2006 sentence in a halfway house

Mortgage Fraud Blog. Brent Barber’s presence in Kansas City was once likened to that of a hurricane. That comparison was made by the U.S. Attorney who in 2006 prosecuted the Belton man for his mortgage fraud scheme, which left sections...Show More Summary

Florida homebuilder linked with Edgeworth businessman in bank fraud scheme pleads guilty to conspiracy

Mortgage Fraud Blog. A Florida homebuilder pleaded guilty Friday in federal court in connection with a $2.4 million bank fraud scheme involving Joseph Nocito Jr., president of Castle Mortgage in McCandless. Mark Sosso, 43, owner of Sosso Homes in Sarasota, waived indictment and pleaded to a count of conspiracy before U.S. Show More Summary

Lawyer cleared in mortgage fraud case wants feds to pay legal fees

Mortgage Fraud Blog. A New Orleans lawyer whose mortgage fraud conviction in Las Vegas was overturned because of government misconduct now wants the government to pay his legal fees. David Mark filed court papers seeking roughly $215,000...Show More Summary

Man Posing as Real Estate Investor Admits $3 Million Fraud

Mortgage Fraud Blog. Paul Mancuso, 49, Glen Rock, New Jersey, pled guilty in Newark, New Jersey, federal court to one count of conspiracy to commit wire fraud in connection with fraudulent investment schemes that defrauded 15 victims of more than $3 million. Show More Summary

“Indestructible Wealth Bootcamp” Shut Down by SEC Injunction

Mortgage Fraud Blog. The Securities and Exchange Commission filed a civil fraud lawsuit and obtained an asset freeze to halt an ongoing real estate investment scheme being conducted by a trio of business associates in California accused...Show More Summary

Vallejo man receives prison term for investment scheme

Mortgage Fraud Blog. A Vallejo man was sentenced to prison Thursday for one count of selling unregistered securities, according to an announcement by the U.S. Attorney’s Office. Ken Sarna, 50, was one of a number of people indicted in 2010 in a real estate investment scheme operated under the name Heaven Investments Holding Co. Show More Summary

Fryar, mother seek new trial or reversal

Mortgage Fraud Blog. Before former NFL star Irving Fryar and his mother are sentenced next month for their roles in a $1.2 million mortgage scheme, a New Jersey judge will rule on their lawyers’ motions asking for either a verdict reversal or a new trial. Show More Summary

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