|Filed Under:||Real Estate / Real Estate Industry News|
|Posts on Regator:||1339|
|Posts / Week:||3.6|
|Archived Since:||March 20, 2008|
Mortgage Fraud Blog. Carmen Johnson, 48, Gambrills, Maryland, was convicted by a federal jury on charges of conspiracy, wire fraud and making a false statement on a loan application, arising from two residential mortgage fraud schemes. Show More Summary
Mortgage Fraud Blog. Alberic Okou Agodio, 30, Bethesda, Maryland, was indicted on charges arising from a mortgage fraud scheme in which he used the names of immigrants and students, along with false financial information, to obtain approximately...Show More Summary
Mortgage Fraud Blog. Kirk Smith, Harris County, Texas, has been ordered to prison following his conviction for defrauding seven different Houston, Texas-area banks of more than $2 million in 2007 and 2008 with a check kiting scheme, which allowed him to use inflated account balances to qualify for loans and lines of credit. Show More Summary
Mortgage Fraud Blog. Donna Marie Kozak, La Vista, Nebraska, was sentenced in U.S. District Court for the District of Nebraska in Omaha to serve 36 months in prison and three years of supervised release for tax obstruction, filing a false claim and filing false retaliatory property liens. Show More Summary
Mortgage Fraud Blog. Andrew Avery, 39, has been arraigned on federal charges of wire fraud and mail fraud stemming from an alleged investment fraud scheme. Avery fled the country, but was extradited from Thailand and arrested on January 26, 2015. He is currently in federal custody. Show More Summary
Mortgage Fraud Blog. James Sotolongo, Christopher Mencis, and Stephanie Musselwhite were sentenced for their roles in a complex mortgage fraud scheme that defrauded lenders out of more $35 million. In a complex scheme that begin in 2005,...Show More Summary
Mortgage Fraud Blog. Mark Gardner, 28, Osteen, Florida, and Tammie Lynn Cline, 32, Leominster, Massachusetts, have been charged with one count of conspiracy, five counts of wire fraud, and four counts of money laundering for their alleged role in convincing time share owners to pay a fee in exchange for a prospective buyer. Show More Summary
Mortgage Fraud Blog. Gary Patton Hall Jr., 49, Tifton, Georgia, a former bank president and CEO, was charged for his role in a bank fraud scheme in which he is alleged to have hidden under-performing and at-risk loans from the bank and the Federal Deposit Insurance Corporation, among others. Show More Summary
Mortgage Fraud Blog. Jason Springer, an attorney, and Rick Makohoniuk, a real estate agent, were both convicted of bank fraud after an eight-day jury trial. Springer was convicted of seven counts of bank fraud, and Makohoniuk was convicted of one count of bank fraud, in connection with a short sale/property flipping scheme. Show More Summary
Mortgage Fraud Blog. Nadia Kuzmenko, 35, Loomis, California, Peter Kuzmenko, 36, Sacramento, California, Edward Shevtsov, 51, Sacramento, and Aaron New, 39, Sacramento, were found guilty by a federal jury of multiple counts of mail and...Show More Summary
Mortgage Fraud Blog. Michael T. Hardman has been convicted in an investment fraud scheme. Hardman was found guilty of two counts of grand theft for defrauding more than 30 Floridians in a fraudulent promissory note scheme. Hardman targeted...Show More Summary
Mortgage Fraud Blog. Fraudulent investment property schemes are on the rise in the form of straw borrowers, abnormally high appraisals, evasion of purchase guidelines and large numbers of purchased properties. Real estate investment scams typically spread by word-of-mouth and require people to invest large sums of money in investment properties. Show More Summary
Mortgage Fraud Blog. Minerva Sanchez, 48, Fremont, California, a licensed real estate agent, was sentenced by Senior U.S. District Judge Anthony W. Ishii to 21 months in prison for her role in a short sale fraud scheme. Sanchez also was ordered to pay restitution to financial institutions in the amount of $421,372. Show More Summary
Mortgage Fraud Blog. Sharon Lynn Shaw, 67, San Jose, California, pleaded guilty in federal court to bank fraud and theft by bank officer. Shaw admitted that she used the names, Social Security numbers, and other personal informationShow More Summary
Victor Patela, Newark, New Jersey, a police officer, was sentenced to 48 months in prison for his role in a conspiracy to commit bank fraud, bank fraud, two counts of loan application fraud, and bank bribery.
Mark Murphy, 47, Williamstown, New Jersey, was charged by information with participating in a mortgage fraud conspiracy involving more than 100 properties and more than $20 million in fraudulent loan proceeds.
Nicholas Lindsey, 40, Billings, Montana, following a six-day jury trial, was convicted of nine counts of wire fraud and one count of aggravated identity theft for his role in a mortgage fraud scheme.
Ronnie Edward Duke, 45, Fenton, Michigan, was sentenced to 13 years in prison in connection with a multi-million-dollar mortgage fraud conspiracy.
Robert Mikail, 40, and Ging-Hwang "Felicia" Tsoa, 58, both of Ashburn, Virginia, have been charged with conspiracy and bank fraud charges related to their alleged roles in a $20 million mortgage fraud scheme involving more than 35 homes.
Baljit Singh, 47, and Sharanjit Kaur, 36, both of Fresno, California, were sentenced by United States District Judge Lawrence J. O'Neill sentenced for conspiring to commit mail and wire fraud.