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Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:3569
Posts / Week:10
Archived Since:March 20, 2008

Blog Post Archive

All 4 Defendants Plead Guilty to Mortgage Fraud

Four Tucson, Arizona area individuals have pled guilty to their roles in a mortgage fraud case: William Michael Naponelli, Bryan Atwood, Walter Scott Fruit and Sandra Jackson.

3 Charged in Las Vegas Straw Buyer Scam

Derrick Phelps, 44, Katy, Texas, who owned and operated two mortgage industry businesses, Cynthia Phelps, 34, his wife, and Linda Mack, 49, North Las Vegas, Neveada, an escrow officer, were indicted by a federal grand jury on conspiracy and bank fraud charges in relation to an $83 million mortgage fraud scheme.

Woman Admits Lying to Investors About High-End Home Ownership

Alicia Holmes, 49, pled guilty to a three-count indictment, charging Holmes with devising and operating a scheme to defraud individuals and entities of hundreds of thousands of dollars in accommodations, goods, services, and money.

Bank VP Indicted for Misrepresenting Real Estate Holdings

William R. "Rusty" Beamon, Jr., 52, DeKalb County, Georgia, a former bank employee, has been indicted by a federal grand jury on February 26, 2013, on charges arising out of a scheme to defraud his former employer Appalachian Community Bank (also known as Gilmer County Bank).  

Lying to Obtain Loan Mod Lands Man in Jail

Che M. Brown, 45, Washington, D.C., was sentenced to three months of incarceration on a federal charge of bank fraud stemming from a scheme in which he submitted false documents to a mortgage lending service to win approval of a modification on a mortgage for his residence.

Fraudulent Foreclosure Consultant Sent to Prison

Laura Cecilia Carlson, 66, Hacienda Heights, California, was sentenced to 11 years 8 months, in prison after being found guilty at jury trial. Carlson was convicted of 14 separate felonies including foreclosure consultant fraud, filing a false document, grand theft and money laundering.

Top 5 Mortgage Fraud Consumer Complaints

The five most common consumer mortgage fraud complaints addressed by the Nevada Mortgage Fraud Unit, which investigates and prosecutes violations of mortgage fraud, as well as foreclosure rescue fraud, foreclosure fraud, and any and all other theft related crimes arising out of mortgage related transactions, have been announced for 2012.

Woman Charged with Stealing Mortgage Payments

Julietta Quinones, 44, Port Hueneme, California, is the subject of a felony complaint charged with seven counts of grand theft, along with an aggravated white-collar crime enhancement alleging the thefts involved the taking of more than $100,000.

Broker Charged with Conspiracy to Defraud 350 Financially Strapped Home Buyers

Kenneth J. Enrico, 46, Bohemia, New York, a broker, has been indicted for conspiring to defraud 350 financially strapped customers of more than $1.2 million.

Real Estate Developer Sent to Prison for Fraud

Jean Marc Eljwaidi, 44, Las Vegas, Nevada, who fraudulently enticed persons to give him almost $2 million for the development of a local commercial real estate project that never materialized, was sentenced to 21 months in federal prison and ordered to pay $1.8 million in restitution.

During Trial, 3 Plead Guilty to Real Estate Investment Fraud

Robert Rivernider, 47, Wellington, Florida, Loretta Seneca, 50, Boynton Beach, Florida, and Robert Ponte, 59, Stonington, Connecticut, who had been on trial in Hartford, Connecticut, federal court, have pleaded guilty to various offenses stemming from two separate investment schemes.

Woman Charged with Obstructing Justice in Mortgage Fraud Investigation

Karen Galo, 33, Key West, Florida, has been indicted and charged with two counts of obstruction of justice and one count of disclosing the contents of a federal grand jury subpoena to a third party, with the intent to obstruct a judicial proceeding.

Jury Convicts Mortgage Fraudster After 9 Day Trial

Lance Kellow, 36, Henderson, Nevada, following a nine-day jury trial, was convicted of one count of conspiracy to commit mail and wire fraud, three counts of wire fraud and one count of bank fraud for committing mortgage fraud crimes that caused losses to federally insured financial institutions of over $1 million.

Alleged Real Estate Invested Sent to Prison for Fraud

Patience Lavon Jackson, 50, Arlington, Texas, was sentenced by U.S. District Judge Jane J. Boyle to 63 months in federal prison and ordered to pay $2,801,661.95 in restitution, following her conviction for leading a conspiracy to defraud residential mortgage lenders.

Fugitive Arrives in US to Face Charges for HELOC Scam

Tobechi Enyinna Onwuhara, 33, formerly of Dallas, Texas, has been arrested in Australia after more than four years as a fugitive and brought to the United States to face charges accusing him of leading a home equity line of credit fraud scheme that attempted to steal more than $38 million and caused approximately $13 million in losses.

Property Manager Admits Using False Documents and Straw Buyers

Timothy Ricks, 45, East Orange, New Jersey, a former property manager, admitted to conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.

4 Plead Guilty to Appraisal Fraud Scheme

Brandon Shepherd, owner of Freedom Financial, the CORE Foundation, and the Sberna Foundation, pleaded guilty to two counts of theft. An employee of Shepherd, Garland Ward, pleaded guilty to a charge of attempted theft. Laura Habre George and Jeff Sadler, both appraisers, also pleaded guilty to their roles in the scam.

Jury Convicts Man of Real Estate Loan Scam

Brent Edward Lovett, 50, Henderson, Nevada, following a six-day jury trial, was convicted of bank fraud for making false statements to a federally insured credit union to obtain a $7.5 million commercial real estate loan.

Bank Executive Sentenced for Mortgage Fraud

Joel Blanford, 44, San Ramon, California, was sentenced by U.S. District Judge William B. Shubb to 30 months in prison, to be followed by three years of supervised release, for a mortgage fraud scheme.

Pastor and Mortgage Broker Convicted of Fraud

Michael Wilkerson, 47, Pottstown, Pennsylvania, and Denise Haines, 43, Birdsboro, Pennsylvania, were convicted of engaging in a scheme to defraud JP Morgan Chase's predecessor, Chase Manhattan Bank, by fraudulently obtaining home loans valued at more than $6 million

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