Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1611
Posts / Week:4.1
Archived Since:March 20, 2008

Blog Post Archive

Real Estate Investment Fraud Scheme Charged

Mortgage Fraud Blog. Daniel J. Flynn, III, 52, Milton, Massachusetts, was arrested and charged in U.S. District in Boston with wire fraud.  According to the criminal complaint, Flynn defrauded investors of millions in a real estate investment scheme that began in at least 2007. Show More Summary

New York Businessman Pleads Guilty in Multi-Family Fraud

Mortgage Fraud Blog. Selim Zherka, 47, businessman, Somers, New York, pled guilty to conspiring to make false statements to a bank in order to receive millions of dollars in loans and to file materially false tax returns with the IRS.  As part of his plea agreement, Zherka agreed to forfeit $5.23 million. Show More Summary

Indictment in Fake Rental Ponzi Scheme

Mortgage Fraud Blog. A father and son schemed with a Chicago attorney and a Lincolnwood businessman to sell $2.9 million in phony mortgages to more than a dozen duped investors, according to a federal indictment. Albert Rossini, 67,Show More Summary

ACI’s Residential Mortgage Litigation and Regulatory Enforcement Conference

Mortgage Fraud Blog. ACI’s 18th Residential Mortgage Litigation & Regulatory Enforcement conference will be held on September 17-18, 2015 in Dallas, Texas. I am co-chairing the conference, along with Andrew Stutzman, and I will be speaking...Show More Summary

Guilty Plea in Distressed Real Estate Investment Scheme

Mortgage Fraud Blog. William Donnelly Yotty, 69, who currently resides in Monarch Beach, California but during the course of the scheme lived in Lodi, California, pleaded guilty to the federal mail fraud and wire fraud charges for operating...Show More Summary

Bookkeeper Sentenced for Failing to Report Mortgage Fraud

Mortgage Fraud Blog. Ignacio Huergo, 44, Miami, Florida, was sentenced to 2 years’ probation, with six months to be served on home confinement, for his conviction for concealing massive financial institution fraud.  Huergo was also ordered to pay restitution in the amount of $736,254.25 to M&T Bank. Show More Summary

Buyer Incentives Result in Guilty Plea

Mortgage Fraud Blog. Ayman Shahid, 39, Danville, California, pleaded guilty in federal court in Oakland, California to conspiracy to commit bank fraud.  Shahid is the most recent and highest placed individual charged by the Northern District of California U.S. Show More Summary

Cemetery-scam lawyer disbarred |

Mortgage Fraud Blog. Timothy G. Griffin, the lawyer accused of embezzling nearly $2 million from United Hebrew Cemetery, has been disbarred. Source: Cemetery-scam lawyer disbarred | The post Cemetery-scam lawyer disbarred | appeared first on Mortgage Fraud Blog.

Former Wilmington Trust president pleads not guilty to federal fraud and conspiracy charges

Mortgage Fraud Blog. Former Wilmington Trust president Robert Harra Jr. was ordered released on bail Thursday after pleading not guilty to fraud and conspiracy charges stemming from an ongoing federal investigation into the collapse of the century-old financial institution. Show More Summary

Real Estate Fraud: Victims of Ignacio Beato Fraud Seek Help

Mortgage Fraud Blog. Dozens of residents in Hazleton are seeking for help after being scammed by a real estate agent who was at the same time their community leader. They all bought their houses from Ignacio Beato, who turned out to be selling homes with fraudulent deeds. Show More Summary

Sharrock denied shortened prison sentence

Mortgage Fraud Blog. A federal judge has rejected David R. Sharrock’s request to overturn or shorten his 135-month sentence for mortgage fraud, concealment of property and fraudulent transfer in a bankruptcy. U.S. District Court Judge Donald C. Show More Summary

Mortgage Fraud Conspiracy Ringleader Pleads Guilty

Mortgage Fraud Blog. Rosita Vilchez, 39, a fugitive in Lima, Peru, until she was extradited to the United States in June 2015, pled guilty to leading a wide-ranging mortgage fraud conspiracy that targeted hundreds of victims in the northern Virginia Hispanic community. Show More Summary

Petaluma man drops bid to avoid paying debt in mortgage fraud case

Mortgage Fraud Blog. Petaluma man drops bid to avoid paying debt in mortgage fraud case The post Petaluma man drops bid to avoid paying debt in mortgage fraud case appeared first on Mortgage Fraud Blog.

Trial delayed for former land developer accused in investment scheme

Mortgage Fraud Blog. Defense attorneys for a former local real estate developer were granted a continuance Wednesday in Solano County Superior Court over a scheduling conflict. Attorneys in the case of Richard D. Lamphere were ordered back to court Sept. Show More Summary

Reverse Mortgage Case Filed In Massachusetts

Mortgage Fraud Blog. A Norwell, Massachusetts based mortgage broker, one of its loan originators, and an outside insurance agent have been sued by the Massachusetts Attorney General for sales tactics that convinced elderly homeowners...Show More Summary

Down Payment Fraud Scheme Sentence in North Carolina

Mortgage Fraud Blog. Howard Goldsmith, real estate developer, 41, Raleigh, North Carolina, was sentenced to a 30 month term of imprisonment for his role in a down payment fraud scheme.  According to documents filed in Court, betweenShow More Summary

“We buy homes” signs don’t provide the relief they promise

Mortgage Fraud Blog. Scammers are trying to take advantage of struggling families by promising to buy homes for quick cash warns the North Carolina Attorney General. These scammers send postcards and put out signs proclaiming, “We buy...Show More Summary

Judge Denies Habeas, Upholding Fraud Conviction

Mortgage Fraud Blog. A former leader of a Haitian paramilitary force failed to persuade a judge that his mortgage fraud conviction in the United States was unsound. Eastern District Judge Jack Weinstein denied Emmanuel “Toto” Constant’s...Show More Summary

Fryar, mother ask judge to overturn guilty verdicts

Mortgage Fraud Blog. Alleging a “miscarriage of justice,” attorneys for former NFL star Irving Fryar and his mother are urging a judge to  either overturn a jury’s verdicts convicting the two in a $1.2 million mortgage fraud or grant a new trial. Show More Summary

Tenth Circuit Affirms Alam Mortgage Fraud Sentence

Mortgage Fraud Blog. While on probation from a 2006 conviction for conspiracy to defraud HUD, Manjur Alam implemented another scheme to defraud mortgage-lending institutions. Between 2006 and 2008, he recruited and organized unqualified...Show More Summary

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