Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1900
Posts / Week:4
Archived Since:March 20, 2008

Blog Post Archive

EXCLUSIVE – PC Bank Home Loan Officers Indicted for Mortgage Fraud

Sam Tuttle, a vice-president and loan officer at PC Bank Home Loans, Ben Leske, a loan officer at PC Bank Home Loans, Angela Crozier, a senior loan processor at PC Bank Home Loans, and Ed Rounds, a loan officer at PC Bank Home Loans, were indicted by a grand jury in the U.S. District Court for the […]

Four Year Sentence in $3.7 Million Mortgage Fraud Scheme

Albert William Roberts III, 68, Lee’s Summit, Missouri, was sentenced to four years in federal prison without parole in connection with his role in a $3.7 million mortgage fraud scheme. U.S. District Judge Brian C. Wimes also ordered Roberts to pay $1,992,221 in restitution. On May 13, 2016, Roberts was found guilty at trial of […]

Attorney Pleads to Tax Charges

Drew Alia, 40, Philadelphia, Pennsylvania, pled guilty to an Information which charged him with willfully failing to file federal income tax returns for tax years 2010 through 2013 before United States District Court Judge Paul Diamond. Alia, an attorney, according to the Information, operated a home mortgage rescue service which was designed to assist home owners who were […]

Former Senior Loan Officer of Chase Indicted

Ross D. Pickard, 63, Naples, Florida, was indicted and charged with one count of conspiracy and three counts of loan and credit application fraud. According to the indictment, Pickard was a senior loan officer at JP Morgan Chase Bank. He conspired with others in a scheme to defraud the bank by completing, certifying, and submitting mortgage […]

Guilty Plea in Foreclosure Rescue Scheme

Timothy W. Burke, also known as “Bill Burke,” “William Burke,” “Kerry Saunders,” “Pat Riley,” “Jim Caldwell,” “Jim Saunders,” “Tom Morrisey,” “Jimmy,” “Phil Burke,” “Phil,” “Burt,” “James Burke,” and “M. Soler,” 65, formerly of Easton, Connecticut, plead guilty before U.S. Show More Summary

Jury Convicts New York Man in Mortgage Fraud Scheme

James Bayfield, 44, Queens, New York, a self-described mortgage specialist, was convicted by a federal jury in Brooklyn, New York, on all four counts charging bank fraud and conspiracy to commit wire fraud and bank fraud for his role in defrauding mortgage lending institutions and large financial institutions, including Amtrust Bank (Amtrust), Bank of America N.A. […]

Three Texas Men Charged with Mortgage Lending Scheme

Guadalupe Artemio Gomez, 31, Luis Antonio Rodriguez, 36, and Rogelio Ramos Jr., 36, all of the Rio Grande Valley, Texas, were charged in a criminal complaint with federal wire fraud arising out of a fraudulent mortgage lending scheme.  The criminal complaint was filed under seal on January 12, 2017. Authorities arrested Gomez and Ramos the following day, at […]

Former Newspaper Publisher Indicted in $10M Mortgage Fraud

Marco Laureti, 45, Sunny Isles Beach, Florida, and Felix Mostelac, 44, Miami Beach, Florida, were charged by Indictment with one count of conspiracy to commit wire fraud affecting a financial institution, and multiple counts of wire fraud affecting a financial institution. Show More Summary

Accountant Sentenced to Two Years in Maryland Straw Buyer Scheme

Cecil Sylvester Chester, 70, Mitchellville, Maryland was sentenced to two years in prison, followed by three years of supervised release, for a mortgage fraud scheme involving the fraudulent purchase of seven properties in Baltimore, Maryland using fraudulent loan documentation and straw purchasers, resulting in losses of over $1.4 million. Show More Summary

Jury Finds California Woman Guilty of Making False Statements on Loan Applications

Dianna F. Woods, 59, Citrus Heights, California, was found guilty after a four–day trial, a federal jury found day of four counts of making false statements on loan applications. According to evidence presented at trial, Woods was a licensed real estate salesperson who worked at a company called VLD Realty, doing business as Trade House USA, in […]

18 months for Using Vet’s ID to obtain VA Loan

Mandy Lea Whipple, formerly Mandy Lea Johnson, 34, Page County, Iowa, was sentenced by United States District Court Judge Stephanie M. Rose, to 18 months in prison followed by five years of Supervised Release for Mortgage Fraud, announced United States Attorney Kevin E. VanderSchel. Whipple entered a guilty plea on June 9, 2016, to Mortgage Fraud […]

Indictments in Mortgage Elimination Scheme

Bruce Lewis, 65, Jacqueline Graham, 47, Anthony Vigna, 59, Rocco Cermele, 54, and Paula Guadagno, 58, were indicted and charged with conspiracy to commit bank fraud, wire fraud, and mail fraud in connection with a debt-elimination scheme to defraud homeowners and banks. Show More Summary

Sentence for False Lien Payoff from Mortgage Proceeds

Stevie McDonald, 42, Winter Haven, Florida, was sentenced to 15 months in federal prison for bank fraud related to his role in a mortgage fraud conspiracy. As part of his sentence, the Court ordered him to pay restitution to J.P. Morgan Chase Bank in the amount of $74,868. According to court records, on November 10, 2007, […]

Loan Officer Sentenced to 28 Months in Prison

Mark F. Friend, 62, Stockton, California was sentenced by U.S. District Judge Garland E. Burrell Jr. to two years and four months in prison and ordered to pay $1,889,379 in restitution for conspiracy to commit bank fraud in relation to a mortgage fraud scheme. According to court documents, between September 2006 and March 2007, while working for […]

Down Payment Assistance Results in Guilty Plea

Aleksandr Kovalev, 53, Rocklin, California, pleaded guilty to wire fraud involving financial institutions in connection with a mortgage fraud scheme involving the purchase of at least 31 properties. According to court documents, Kovalev was in the business of developing, building and selling property in Sacramento, Fairfield and Stockton, California. Show More Summary

Guilty Pleas in Miami Condo Conversion Fraud

Orlando Ortiz, 53, Luis Enrique Tur, 47, Jeffrey Todd Canfield, 49, Rafael Amador, 34, Osvaldo Sanchez, 40, Mirna Pena, 54, and Pedro Reynaldo Allende, 66,all residents of Miami-Dade County, Florida, pled guilty to one count of conspiracy to commit bank fraud and wire fraud affecting a financial institution. Ortiz, Tur, Canfield, Amador, and Sanchez  are scheduled to […]

Sentences in Maryland Mortgage Fraud Schemes

Alexander Sivels, II, real estate consultant, 32, Baltimore, Maryland and Christopher A. Kwegan, real estate agent, 59, Randallstown, Maryland, were each sentenced to 27 months in prison, followed by three years of supervised release, for related mortgage fraud schemes. Show More Summary

CPA Pleads Guilty in Mortgage Fraud Scheme

Barry Horrow, 68, Glenn Mills, Pennsylvania, pled guilty to 4 counts of bank fraud. As part of his guilty plea, Horrow, a Certified Public Accountant who owned and operated his own accounting company, Horrow and Associates, which operated in both Delaware and Chester Counties, admitted that he committed bank fraud by helping one of his clients, […]

Another Sentence in Mortgage Loan Mod Scheme

Michelle Lefaoseu, also known as “Michelle Bennett,” “Michelle Lee” and “Michelle Page,” 42, Huntington Beach, California, was sentenced to 12 months and one day of imprisonment, followed by one year of supervised release, for participating in an extensive mortgage loan modification scheme. According to court documents and statements made in court, Lefaoseu worked at a […]

Indictments in Foreclosure Delay Scheme

Yun Soon Matsuba, aka Dorothy Matsuba, 65, Chatsworth, California; Thomas Matsuba, 64, Chatsworth, California; Jane Matsuba Garcia, 40, Chatsworth, California; and Jamie Matsuba, 31, Chatsworth, California, and Young Park, 53, Koreatown,...Show More Summary

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