Blog Profile / Mortgage Fraud Blog


URL :http://www.mortgagefraudblog.com/
Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1876
Posts / Week:4
Archived Since:March 20, 2008

Blog Post Archive

Georgia Real Estate Scam Artist Gets 70 months in Prison

Jackie Williams, 42, Bishop, Georgia, was sentenced to serve 70 months in Federal prison for wire fraud by the Honorable C. Ashley Royal, United States District Judge, in Athens, Georgia.  Ms. Williams was also ordered to pay restitution in the amount of $563,097.01. Williams pled guilty to the charge on March 16, 2016.  As part of her guilty […]

Real Estate Agent and Mortgage Broker Sentenced to Prison

Timothy R. Bradley, 41, formerly of Toledo, Ohio, now of Cary, North Carolina; and Martha E. Ednie, 54, Toledo,  Ohio, were each sentenced to 30 months in prison for their roles in a $1.5 million conspiracy to defraud several banks.  Both defendants worked in the real estate business. Bradley was previously found guilty of one count commit bank […]

Sale Manager of Mortgage Modification Scheme Pleads Guilty

Charles Wayne Farris, 55, Aliso Viejo, California, pleaded guilty before U.S. District Court Judge David O. Carter for the Central District of California to one count of conspiracy to commit mail and wire fraud in connection with his role as the sales manager of a multi-million dollar fraudulent mortgage modification scheme. Farris admitted that, between October 2008 […]

FBI: Gov’t conspiracy group may have aided fugitives – CNN.com

John and Julieanne Dimitrion scammed good people out of their homes, the FBI says, and then they disappeared.They were the “masterminds of a large fraud scheme,” the FBI’s Brandon Simpson told CNN’s “The Hunt with John Walsh,” which hit Tricia Dano’s family especially hard. Source: FBI: Gov’t conspiracy group may have aided fugitives – CNN.com

Bank Officer Pleads to Embezzlement for Misdirecting REO Proceeds

Michael L. Johnson, 56, Odessa, Florida, pled guilty to misappropriation of bank funds and embezzlement.  He faces a maximum penalty of 30 years in federal prison. According to the plea agreement and court proceedings, Johnson was employed as a Senior Vice President/Special Assets Officer at American Momentum Bank.  In his capacity as a Special Assets […]

Straw Buyer Fraud v. Occupancy Fraud

I often see press releases that define straw buyers as individuals who did not intend to reside in property that they purchased.  I also receive many emails about these types of situations that conflate straw buyer fraud and occupancy fraud. Straw buyer fraud is not differentiated by the intent to occupy.  I think that the confusion arises […]

Prison Term in Straw Buyer Mortgage Fraud Scheme

John Leadbeater, 59, Kearny, New Jersey, was sentenced to 60 months in prison for his role in a $13 million mortgage fraud scam that used phony documents and “straw buyers” to make illegal profits on overbuilt condos in Wildwood and Wildwood Crest, New Jersey.  Leadbeater previously pleaded guilty before U.S. District Judge Jerome B. Simandle to […]

Lakewood family torn apart by a suspected mortgage fraud | KOMO

LAKEWOOD, Wash. — A Lakewood family has been torn apart by a suspected mortgage fraud. A Seattle woman is accused of cashing her aunt’s mortgage checks instead of paying off the loan, and the aunt believes there are dozens of scam victims.Sue Kahawaii and her family had lived in their Lakewood home for 27 years. […]

Maryland Real Estate Agent Pleads Guilty in Straw Purchaser Transaction

Christopher A. Kwegan, 59, real estate agent, Randallstown, Maryland pled guilty to charges arising from the fraudulent purchase of a Baltimore City property using fraudulent loan documentation and a straw purchaser. According to his guilty plea, in the summer of 2008, Kwegan learned that Mr. K.D. was trying to sell a row house he owned in Baltimore City, […]

Irving Fryar released after 8 months of 5-year prison sentence | ProFootballTalk

Former NFL wide receiver Irving Fryar is out of prison after serving just eight months of a five-year sentence for mortgage fraud. Source: Irving Fryar released after 8 months of 5-year prison sentence | ProFootballTalk

Three Georgia Real Estate Investors Admit to Bid Rigging

Jeffrey Wayne Brock, David Wallace “Chuck” Doughty, and Stanley Ralph Sullivan, real estate investors, pleaded guilty today for their roles in bid-rigging and fraud conspiracies committed at public real estate foreclosure auctions in...Show More Summary

Former Bank President Convicted of Fraud, Business Partner Pleads Guilty

Paul Harold Doughty, 67, Edmond, Oklahoma, the former president and chairman of First State Bank of Altus (“FSB”), was convicted on ten charges of bank fraud, conspiracy to commit bank fraud, misapplication of bank funds, making a false bank entry, and unauthorized issuance of a bank loan in connection with FSB and various loan schemes,.  Fred Don Anderson, […]

Woman gets year of home detention in mortgage scheme – Post-Tribune

“This is not the first time you’ve been involved in a fraud case, but I want to make sure that I never see you again on that side of the courtroom,” Lozano said. “So far, your son has abided by my request. What you did was very bad, but you’re a human being and they […]

Seven Individuals Indicted for Using Bankruptcy to Stop Foreclosure

Hugo O. Parra, 43, Cypress, Texas; Carmen P. Turner, 55, Missouri City, Texas; LaTasha Riles, 47, Huntsville, Texas; Leslie Nicole Breaux, 40, Sugar Land, Texas; and Jermaine S. Thomas, Houston, Texas 40; Angelina Gailey, 57, Houston,...Show More Summary

National Mortgage News – A New Type of Occupancy Fraud: Fake Investors

The scheme is used by borrowers who don t have enough income to qualify for a regular mortgage, so they apply for a higher rate non-owner-occupied loan. Source: National Mortgage News – A New Type of Occupancy Fraud: Fake Investors

Georgia Bid Rigging Guilty Pleas

Michael Stock, Georgia, and Jon Stovall Jr. Georgia, both of whom are real estate investors, pleaded guilty today for their roles in bid-rigging and fraud conspiracies committed at public real estate foreclosure auctions in Georgia.  Each admitted that they agreed with other real estate investors to refrain from bidding against one another at public real estate […]

Jury issues mixed decision in Thornburg fraud case | Albuquerque Journal

Former execs cleared on some charges Source: Jury issues mixed decision in Thornburg fraud case | Albuquerque Journal

Jury Convicts Man Who Lied About Ownership of Property Used as Collateral

Murray O. Wilhoite, Jr., 68, Franklin, Tennessee, was convicted of three felony charges following a trial before U.S. District Court Judge Aleta A. Trauger.  The jury convicted Wilhoite of making a false statement to a bank, making a false statement in a federal bankruptcy filing, and making a false statement under oath during a bankruptcy hearing. […]

Mortgage Fraud Forfeiture Reversed as Excessive

Melissa Beecroft was convicted, after a jury trial of conspiracy along with two counts each of mail and wire fraud. She was sentenced to three years in prison, five years of supervised release and ordered to pay restitution of $2,275,025. In addition, the court entered a criminal forfeiture order against Beecroft in the sum of […]

Convicted Wading River Ponzi schemer indicted — again | Riverhead News Review

A disbarred Wading River attorney previously convicted in a $4 million real estate Ponzi scheme was indicted last month for wire fraud in connection with an alleged theft that occurred prior to her conviction, according to a federal indictment. Source: Convicted Wading River Ponzi schemer indicted — again | Riverhead News Review

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