Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1375
Posts / Week:3.7
Archived Since:March 20, 2008

Blog Post Archive

Loan Officer Charged with Mortgage Fraud

Mortgage Fraud Blog. Mark F. Friend, 60, Stockton, California, was indicted by a federal grand jury on six counts of bank fraud relating to a mortgage fraud scheme wherein he allegedly submitted false and fraudulent loan applications...Show More Summary

2 Charged with Conspiracy to Defraud Lenders

Mortgage Fraud Blog. Jeffery Allen Gardner, 61, Hopkins, Minnesota, and Stuart Alan Voigt, 66, Apple Valley, Minnesota, have been indicted and charged with conspiring to defraud individuals and financial institutions, bank fraud and making a false statement in a loan application. Show More Summary

Real Estate Agent Pleads Guilty to Investment Scheme

Mortgage Fraud Blog. Brenda Ashcraft, 45, Milford, Ohio, pleaded guilty in U.S. District Court to defrauding investors of at least $15 million between 2009 and 2013 in a fraudulent investment scheme to purchase and sell real estate through real estate investment trusts known as REITs. Show More Summary

Businessman Sent to Prison for $44M Loan Fraud Conspiracy

Mortgage Fraud Blog. Pedro “Pete” Benevides, 45, Astatula, Florida, was sentenced by Senior United States District Judge Gregory J. Presnell to nine years in federal prison for his role in obtaining 20 fraudulent commercial and residential...Show More Summary

Husband and Wife Admit Roles in Straw Buyer Scam

Mortgage Fraud Blog. Lucia Chavez, 37, and her husband Joseph Chavez, 41, both of Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield. Show More Summary

Broker and 2 Agents Charged with Grand Theft in Loan Modification Scheme

Mortgage Fraud Blog. Michael Pelimiano Soriano, 45, Irvine, California, Agustin Navarra Alayon, 52, Canoga Park, and Joseph Anthony Q. Oliva, 50, San Jose, California, a real estate broker and two real estate agents who worked together, have been charged with grand theft in a loan modification scheme. Show More Summary

Man Indicted for Using Straw Buyer to Purchase $1.2M Home

Mortgage Fraud Blog. Damone Tyson, 49, Cleveland, Ohio, was indicted on bank fraud charges related to the fraudulent purchase of a Richfield, Ohio, home for nearly $1.2 million. The defendant was indicted on one count of conspiracy to commit bank fraud and one count of bank fraud. Show More Summary

Remaining Defendants Sentenced in Mortgage Fraud Case

Mortgage Fraud Blog. Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 34, both of Bakersfield, California, were sentenced to two years in prison each for their involvement in a mortgage fraud scheme that ran from October 2005 to May 2007. Show More Summary

Former Executive Jailed for Falsifying Bank Assets

Mortgage Fraud Blog. Mark A. Nixon, 62, Freedom, Oklahoma, former Executive Vice President of The Freedom State Bank was sentenced by United States District Judge Stephen P. Friot for his involvement in falsifying bank assets to the FDIC. Show More Summary

Man Sentenced for Loan Fraud Scheme

Mortgage Fraud Blog. Gregg E. Steinnagel, 54, Chicago, Illinois, was sentenced to 48 months in prison by U.S. District Court Judge John Z. Lee for scamming people whom he had persuaded to invest in a bogus lending program involving short-term, high-interest loans to distressed homeowners. Show More Summary

2 Men Charged with Theft of Home After Foreclosure

Mortgage Fraud Blog. Semyon (a/k/a Sam) Muratov, 34, and Yuriy (a/k/a Erick) Munarov, 31, both of Forest Hills, Queens, New York, the winning bidders at a foreclosure auction, have been charged with illegally evicting a homeowner from...Show More Summary

Man Jailed for Falsifying Net Worth to HUD Auditor

Mortgage Fraud Blog. John York, Wentzville, Missouri, was sentenced to 21 months in federal prison on charges of conspiracy to defraud the United States through his business, The Mortgage Store, Inc., in 2008. According to court documents, York was a part owner of The Mortgage Store, Inc. Show More Summary

6 Indicted for Mortgage Fraud Involving Fraudulent Loan Applications

Mortgage Fraud Blog. Six individuals were indicted for participating in a mortgage fraud conspiracy involving alleged misrepresentations to the banks including fictitious verifications of false and fraudulent employment and bank deposit...Show More Summary

Former Title Insurance Agent Pleads Guilty to Stealing Escrow Funds

Mortgage Fraud Blog. Carole Tilghman, 50, Baltimore, Maryland, a title insurance agent who took tens of thousands of dollars from her clients’ escrow accounts to pay her personal bills pleaded guilty in the Circuit Court for Baltimore County to one count each of felony theft and felony theft scheme. Show More Summary

Florida Attorney Bisbarred for Role in Condo Conversion Scheme

Mortgage Fraud Blog. Rashmi Airan-Pace, South Miami, Florida, was granted a disciplinary revocation, with leave to seek readmission after five years, effective immediately, following a February 27, 2015 court order. According to the Florida State Bar, disciplinary revocation is equivalent to disbarment. Show More Summary

Mortgage Fraud Defendant Indicted While on Bond

Mortgage Fraud Blog.  Dov Ratchkauskas, 48, Allegheny County, Pennsylvania, has been indicted by a federal grand jury on a charge of Contempt of Court for allegedly trying to obtain a passport while out on bond in connection with a mortgage fraud prosecution. Show More Summary

Real Estate Business and Principals Sued for Illegal Flipping Scam

Mortgage Fraud Blog. Tri-State Holdings-32, LLC, and principals Brandon Miller and Tony Caldwell, are the subject of a lawsuit for allegedly running a scam house-flipping business. The suit alleges that the defendants quickly flipped homes and sought new buyers to purchase homes it had already sold to other consumers who had stopped paying. Show More Summary

Man Jailed for Swindling Thousands in Fake Mortgage Assistance Scheme

Mortgage Fraud Blog. Anthony Carta, 53, Detroit, Michigan, was sentenced to 30 to 99 years in prison for taking hundreds of thousands of dollars from more than 100 victims who believed he was going to help them with mortgage loans through his Southfield, Michigan, entity Freedom By Faith Ministries. Show More Summary

Real Estate Investor Admits Role in Bid Rigging Conspiracy

Mortgage Fraud Blog. Ramin Yeganeh, San Mateo, California, a real estate investor, has agreed to plead guilty for his role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California. According...Show More Summary

Real Estate Investor Jailed for Duping Victims in $5M Fraud Scam

Mortgage Fraud Blog. Abbe Edelman, 51, Livingston, New Jersey, was sentenced to 135 months in prison for running a real estate investment scheme that bilked victims out of more than $5 million. The defendant previously pleaded guilty before U.S. Show More Summary

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