Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1930
Posts / Week:3.9
Archived Since:March 20, 2008

Blog Post Archive

Real Estate Company Owner Accused of Defrauding 40 Families

Mortgage Fraud Blog. Francisco Aguirre, aka Francisco X Aguirre-Proano, aka Francisco Xavier Aguirre aka Francisco Xavier Aguirre-Proano was indicted by an Arizona State Grand Jury for allegedly stealing $300,000 to $500,000 from 40 families in Arizona. Show More Summary

EXCLUSIVE – Appraiser Indicted for Using Non-Licensees to Expand Capacity

Mortgage Fraud Blog. Matt Garner, appraiser, Lexington, Kentucky, was indicted and charged with bank fraud based on allegations that he used unlicensed surrogates to conduct residential real property appraisals under his name and license. Show More Summary

Loan Modification Defendant Extradited from Ukraine

Mortgage Fraud Blog. Herzel Meiri, who was indicted on March 16, 2016, on fraud and money laundering charges in connection with a scheme to fraudulently induce distressed homeowners to sell their homes to a company he owned and controlled, was extradited from Ukraine. Show More Summary

4 Year Sentence for Lawyer In $40.8 Million Mortgage Fraud Scheme

Mortgage Fraud Blog. Joseph W. Witkowski, 70, former New Jersey lawyer, Flemington, New Jersey, was sentenced to 48 months in prison for participating in a conspiracy that caused lenders to release $40.8 million based on fraudulent mortgage...Show More Summary

15 Year Sentence in Loan Modification Scheme

Mortgage Fraud Blog. David Gotterup, 37, Oceanside, New York, was sentenced at the federal courthouse in Brooklyn, New York, to 15 years in prison for leading a loan modification scheme that defrauded distressed homeowners. Gotterup pleaded guilty on June 16, 2016, to conspiring to commit wire, mail and bank fraud. Show More Summary

Cay Clubs CFO Convicted of Bank Fraud

Mortgage Fraud Blog. David W. Schwarz, 60, Orlando, Florida, the former Chief Financial Officer of Cay Clubs Resorts and Marinas (Cay Clubs)  was convicted by a federal jury of conspiracy, bank fraud, and tax offenses after a two-week jury trial before Chief U.S. Show More Summary

Mortgage Fraud Acquittal in Missouri

Mortgage Fraud Blog. Gary Bryan Penrod was acquitted by a Federal Jury on twenty-two counts of mail fraud and wire fraud after trial in the Western District of Missouri Federal Court.  This acquittal is as to all charges brought against Penrod. The post Mortgage Fraud Acquittal in Missouri appeared first on Mortgage Fraud Blog.

EXCLUSIVE – Guilty Plea in Short Sale Fraud

Mortgage Fraud Blog. Rosemary Anton, Phoenix, Arizona, was charged by information in a short sale fraud and pled guilty to one count of conspiracy in the United States District Court for the District of Arizona. Sentencing is scheduled for May 8, 2017. Show More Summary

Maryland Straw Purchasers Scheme Sentences

Mortgage Fraud Blog. Michael Gerard Camphor, 60, Baltimore, Maryland, was sentenced to 27 months in prison, followed by three years of supervised release on charges arising from the fraudulent purchase of four properties in Baltimore, Maryland, using fraudulent loan documentation and straw purchasers, resulting in losses of over $735,000. Show More Summary

False Statements on Loan Application Result in Two-Year Sentence

Mortgage Fraud Blog. Freddy Orjuela, Sr., 49, Sarasota, Florida, was sentenced to two years in federal prison and to pay $960,020 in restitution for making false statements in a mortgage loan application to a federally insured financial institution. Show More Summary

Condo-Tel Incentive Scheme Nets Indictments

Mortgage Fraud Blog. George Heaton, 73, West Palm Beach, Florida, Deborah Dentry Baggett, 54, Greenville, Tennessee (formerly of Palm Beach County), and Eric Granitur, 59, Vero Beach, Florida were charged by a federal grand jury in a...Show More Summary

Nine and Half Years in Prison for Mortgage Fraud Scheme

Mortgage Fraud Blog. Alla Samchuk, 45, Roseville, California, was sentenced to nine and a half years in prison for a mortgage fraud scheme and obstruction of justice. A federal jury returned a verdict in August 2016 finding her guilty...Show More Summary

CoreLogic Reports Increase in Fraud during 2016

Mortgage Fraud Blog. CoreLogic reported that the National Mortgage Application Fraud Risk Index increased to 122 in the fourth quarter of 2016.  The trend shows increasing risk for the year overall from an index value of 115 in the Fourth Quarter of 2015. Show More Summary

Another Debt Elimination Scheme Bites the Dust

Mortgage Fraud Blog. Urmila Sri Thakur, also known as Urmila Buddhu-Thakur and Indro Buddhu-Thakur, 72, Wethersfield, Connecticut was charged in a nine-count grand jury indictment with conspiracy, mail fraud and money laundering offenses related to a fraudulent debt elimination scheme. Show More Summary

Real Estate Investment Fraud Scheme Sentencing

Mortgage Fraud Blog. Homayoon Daneshvar, 63, Washington, D.C., was sentenced to 18 months in prison.  The charges related to a $1.9 million real estate investment fraud scheme. Danshevar was also ordered to serve three years of supervised release, forfeit $1.945 million, and pay $926,020 in restitution. Show More Summary

EXCLUSIVE – Criminal Complaint Concerning Fraudulent Emails Diverting Escrow Deposits

Mortgage Fraud Blog. Cristina Montijo was the subject of a complaint and arrest warrant issued in the Southern District of New York on charges of conspiracy to commit wire fraud and bank fraud, wire fraud and bank fraud.  She was arrested in the Southern District of California. Show More Summary

EXCLUSIVE – North Carolina Attorney and Mortgage Broker Indicted

Mortgage Fraud Blog. Michael Allan Johnson, Jr. attorney, Lexington, North Carolina, and Jennifer Willard Turnmire, mortgage loan broker, Thomasville, North Carolina, also known as Jennifer Willard, were indicted by a grand jury in the U.S. Show More Summary

Two Florida Real Estate Agents Plead Guilty

Mortgage Fraud Blog. David Cevallos, real estate agent, 46, Miami, Florida, and Osbel Sanchez, real estate agent, 45, Tampa, Florida, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution. Each faces a maximum penalty of 30 years in federal prison. Show More Summary

“Zero Down” Scheme Lands Bank President in Jail

Mortgage Fraud Blog. Paul Harold Doughty, 67, Edmond, Oklahoma, the former president and chairman of First State Bank of Altus (“FSB”), was sentenced to 48 months in federal prison after a jury convicted him in July of 2016 of bank fraud,...Show More Summary

2017 GREFPAC Annual Conference

Mortgage Fraud Blog. I will be the keynote speaker at the 2017 GREFPAC Annual Conference in Atlanta, Georgia on March 7, 2017.  I will be speaking from 11 a.m. to Noon. Also speaking that day will be Scott Kelly, GREFPAC’s 2017 President;...Show More Summary

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