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

Real Estate Developer Sent to Prison for Fraud

Mortgage Fraud Blog. Timothy Monahan, 36, San Diego, California, a real estate developer, was sentenced after previously pleading guilty to committing wire fraud. U.S. District Judge Jane Triche Milazzo sentenced Monahan to one year and one day incarceration, followed by two years of supervised release. Show More Summary

5 Sentenced in Texas Mortgage Fraud Conspiracy

Mortgage Fraud Blog. Five defendants have been sentenced for their roles in a mortgage fraud conspiracy involving down payment fraud in the Eastern District of Texas. Debra Rush-Santens, 42, Plano, Texas, pleaded guilty on Oct.4, 2012, and was sentenced to 60 months in federal prison on Mar. Show More Summary

Couple Sentenced for Running Mortgage Assistance Scam

Mortgage Fraud Blog. Alex Soria, 69, and Sonia Rodis, 55, both of Las Vegas, Nevada, were each sentenced on one felony count of a pattern of mortgage lending fraud. The couple misrepresented to homeowners a fraudulent mortgage elimination...Show More Summary

Family of Mortgage Fraudsters Plead Guilty

Mortgage Fraud Blog. Eliseo Jara Jr., 35, his wife, Melissa Jara, 34, and his brother, Sergio Jara, 33, all of Bakersfield, California, entered guilty pleas in connection with a $5.6 million mortgage fraud scheme in Bakersfield. Eliseo Jara Jr. Show More Summary

Former Title Agent Arrested for Stealing Escrow Funds

Mortgage Fraud Blog. Lana Dargai, Estero, Florida, former title agent has been arrested for allegedly stealing more than $705,000 in client funds intended for real estate transactions. As a result of her fraudulent actions, the underwriter for the funds was forced to cover the losses. Show More Summary

Man Gets 5 Years in Prison for Defrauding Lenders

Mortgage Fraud Blog. Ronald L. Roberts, 54, Town and Country, Missouri, was sentenced to 68 months imprisonment on charges of mail and wire fraud in connection with his obtaining more than a million dollars from lenders in a loan fraud scheme. Show More Summary

3 Charged for $44M Loan Modification Fraud

Mortgage Fraud Blog. Stephen Lyster Siringoringo, 34, Westminster, California, Joshua Michael Cobb, 32, and Alfred Orn Clausen, 41, Rancho Cucamonga, California have been charged for their alleged involvement in a major loan modification fraud scheme that resulted in losses of over 44 million dollars by unsuspecting victims. Show More Summary

Company Charged with Assessing Illegal Loan Fees

Mortgage Fraud Blog. Andrew Mangini and First Solutions Inc., d/b/a Credit One, are the subjects of an administrative complaint alleging that they illegally assessed advance fees for loans. As part of the administrative complaint, a $700,000 fine has been sought as well as a notice of intent to issue a cease and desist order. Show More Summary

Woman Admits Role in Straw Buyer Scam

Mortgage Fraud Blog. Arlene Jeanette Mojardin, 32, Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield. According to courtShow More Summary

Real Estate Broker Sentenced to Prison for $4.2M Fraud Scheme

Mortgage Fraud Blog. Richard Demaria, 45, Glenview, Illinois, a former managing director of Panorama Global Partners, LLC, a company that falsely purported to trade in certain financial instruments, was sentenced to 40 months in federal...Show More Summary

Man Pleads Guilty to Mortgage Fraud Scheme

Mortgage Fraud Blog. Anatoliy Azarov, 33, Sacramento, California, pleaded guilty to mail fraud for a mortgage fraud scheme involving 24 residential properties. The defendant and his co-conspirator convinced investors to purchase their inventory of properties at inflated prices and used the excess funds as working capital to continue their business. Show More Summary

Lender Agrees to Pay $3.8M to Resolve Bank Loan Liability

Mortgage Fraud Blog. Hencorp Becstone Capital L.C., Miami, Florida, has agreed to pay $3.8 million to resolve allegations under the False Claims Act that it made false statements and claims to the Export-Import Bank of the United States...Show More Summary

3 Arrested for Conspiracy Involving $6.7M in Fraudulent Loans

Mortgage Fraud Blog. Ray M. Mubarak, 54, Knoxville, Tennessee, Dianna Mubarak, 52, Knoxville, and Blythe Bond Sanders, III, 35, Norris, Tennessee, were arrested by federal agents for allegedly participated in a bank fraud conspiracy involving fraudulent loans exceeding $6.7 million. Show More Summary

Man Admits Swindling Thousands in Fake Mortgage Assistance Scheme

Mortgage Fraud Blog. Anthony Carta, 53, Detroit, Michigan, has pleaded guilty to seven felonies associated with his formation of a faith-based mortgage assistance scam. Carta defrauded more than 100 victims out of thousands of dollars. ...Show More Summary

Former Bank Manager Admits Stealing Identities to Create Bogus Loans

Mortgage Fraud Blog. Linda Sue Newcomb, 63, Madison Heights, Virginia, who was the former manager of the Lynrocten Federal Credit Union, pled guilty in United States District Court for the Western District of Virginia to embezzlement,...Show More Summary

Couple who Fled During Mortgage Fraud Investigation Admit Charges

Mortgage Fraud Blog. Aleksandr Kravchenko, 36, and Galina Kravchenko, 35, King County, Washington, who fled to Moldova, Eastern Europe, before being indicted by a federal grand jury for bank fraud related to loans fraudulently obtained from Westsound Bank, entered guilty pleas in U.S. Show More Summary

6 Charged in Loan Modification Scheme

Mortgage Fraud Blog. Six individuals have been charged with violations of federal law in what the indictment alleges was a scheme to market and sell home loan modification services to distressed homeowners trying to save their homes from foreclosure following the financial crisis of 2008. Show More Summary

Woman Charged with Submitting Fraudulent Loan Applications to Lenders

Mortgage Fraud Blog. Gabriela Carter, 43, Sacramento, California, is the subject of an eight-count grand jury indictment charging her with bank fraud for allegedly submitting fraudulent loan applications to federally insured financial institutions to obtain real estate loans that her clients were not qualified to receive. Show More Summary

Leader of Mortgage Relief Scam Receives 24 Year Prison Sentence

Mortgage Fraud Blog. Alan David Tikal, 46, the principal operator of a large-scale mortgage fraud/mortgage elimination scheme, was sentenced to 24 years in prison. In September 2014, Tikal was convicted of 11 counts of mail fraud and one count of money laundering by United States District Judge Troy L. Show More Summary

Fugitive Convicted of Running Ponzi Scheme Involving Distressed Properties

Mortgage Fraud Blog. Joel Wilson, 32, Saginaw, Michigan, was convicted by a jury on nine felony charges for his role in an extensive Michigan Ponzi scheme wherein he defrauded hundreds of Michigan victims out of millions of dollars.Show More Summary

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