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

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

Two Year Sentence in Stolen Real Estate Scheme

Daniel Deaibes was sentenced today to 24 months for his role in a scheme to steal title to Southern California homes and then “sell” the properties to unsuspecting buyers – before the buyers realized who the true owners were. From September 2012 through their arrest in November 2014, Deaibes and his co-conspirators, including co-defendants Mazen […]

Real Estate Agents Gets 3 Year Prison Sentence

Lillian Marquez, 41, Stockton, California was sentenced by U.S. District Judge John A. Mendez to three years and one month in prison for conspiring to commit mortgage fraud. Marquez pleaded guilty on June 14, 2016. On September 20, 2016, co-defendant Michael Keatts, 59, Stockton, California was also sentenced to three years and one month in prison for his role […]

Sales Agents in Loan Modification Fraud Sentenced

Kowit Yuktanon, also known as “Eric Cannon” and “Aaron Brock,” 32, Huntington Beach, California, and Cuong Huy King, also known as “James Nolan” and “Jimmy“, 32, Westminster, California, have each been sentenced by U.S. District Judge Stefan R. Show More Summary

Former Connecticut Representative Sentenced in FHA Fraud

Victor Cuevas, 52, Bristol, Connecticut, was sentenced by U.S. District Judge Jeffrey A. Meyer in New Haven to one year of probation and a $1,000 fine for conspiring with others to commit bank fraud in connection with his home mortgage loan applications. According to court documents and statements made in court, in the summer of 2013, […]

Settlement of Government Allegations on FHA Loans

The U.S. Attorney’s Office has reached a $1,025,000 civil settlement with First American Mortgage Trust, d/b/a, a small mortgage lender based in Brighton, Massachusetts, and its founder and CEO, Barry S. Polack, in connection...Show More Summary

Pennsylvania CPA Charged in New Jersey Mortgage Fraud

Barry E. Horrow was charged by information in the Eastern District of Pennsylvania with four counts of bank fraud and one count of aiding and abetting. The information alleges that Horrow was a CPA who owned and operated Horrow and Associates, first in Delaware County and then in Chester County, Pennsylvania.  From January 2005 through […]

Special Assets Officer Sentenced in REO Fraud Case

Michael Johnson, 56, Odessa, Florida, was sentenced to 18 months in federal prison for embezzlement and misapplication of funds. As part of his sentence, the Court also entered a money judgment in the amount of $152,783, the proceeds of the charged criminal conduct.  Johnson was adjudicated guilty on July 8, 2016. According to the plea agreement […]

Real Estate Developer Charged in Mortgage Fraud

Rebecca Gheiler, 49, Miami, Florida, was indicted and charged with conspiracy to commit bank and wire fraud and six counts of bank fraud. According to the indictment, Tribute Residential, LLC (“Tribute”), which was controlled by Gheiler, owned and sold condominium communities. Show More Summary

Three Florida Residents Indicted in Condo Conversion Fraud

Marek Harrison, 53, Plant City, Florida, Brian Allard,45, Seminole, Florida, and Scot Rounds, 44, Winter Garden, Florida were indicted and charged with bank fraud and conspiracy to commit bank fraud. According to the indictment, Harrison and Allard created and executed a mortgage fraud scheme involving Saratoga Resort Villas, a condo conversion of a former hotel located […]

Year Sentence in Modification Scam

John Vescera, 60, Dana Point, California, was to 12 months and one day of imprisonment, followed by three years of supervised release, for false advertising and misusing a government seal in connection with the provision of mortgage modification services. On May 3, 2016, Vescera pleaded guilty to one count of misuse of a government seal and […]

Copyright © 2015 Regator, LLC