Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1912
Posts / Week:4
Archived Since:March 20, 2008

Blog Post Archive

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 […]

Syracuse couple on the run for five years arrested in mortgage fraud case |

Alexander and Sima March fled to Canada after their 2011 indictment on mortgage fraud charges. Source: Syracuse couple on the run for five years arrested in mortgage fraud case |

Bankruptcies To Avoid Mortgages Results in Prison Sentence

Barbara Jean Dennis, 60, Las Vegas, NV, a  former Nevada real estate agent who owned at least 12 rental properties in Nevada and Texas and filed multiple bankruptcy petitions to avoid paying the mortgages, has been sentenced to 11 months in prison, two years of supervised release, and ordered to pay a fine of $10,000 and restitution […]

14 1/2 Year Sentence in California Mortgage Fraud

Rachel Siders, 41, Roseville, California, was sentenced to 14 and a half years in prison for her involvement in mortgage fraud schemes that cost financial institutions over $17 million. Federal juries returned verdicts in two trials, in March 2015 and December 2015 finding her guilty of multiple counts of bank fraud, wire fraud, mail fraud, making […]

Two Year Sentence For Obtaining and Falsely Releasing Mortgages

Denise Bruce, 56, Hingham, Massachusetts, was sentenced  for defrauding mortgage companies in connection with multiple mortgages she obtained on a single residence.  U.S. District Court Senior Judge Douglas P. Woodlock imposed the sentence...Show More Summary

Final Defendant Sentenced in Foreclosure Rescue Fraud

Domonic McCarns, 41, Irvine, California, was sentenced to 14 years in prison by U.S. District Judge Kimberly J. Mueller for conspiracy to commit mail fraud for his participation in a nationwide foreclosure-rescue scam, Acting U.S. Attorney Phillip A. Talbert announced. McCarns is the final defendant to be sentenced for a pair of schemes that lured homeowners […]

52 Month Sentence in Loan Modification Fraud

Mehdi Moarefian, also known as “Michael Miller,” 37, Irvine, California, was sentenced by U.S. District Judge Stefan R. Underhill in Bridgeport, Connecticut, to 52 months of imprisonment, followed by three years of supervised release, for participating in an extensive mortgage loan modification scheme. Show More Summary

California Men Sentenced in Extensive Mortgage Modification Scheme

Serj Geutssoyan, also known as “Anthony Kirk,” 34, Santa Ana, California was sentenced to 52 months of imprisonment, and Daniel Shiau, also known as “Scott Decker,” 30, Irvine, California, was sentenced to 58 months of imprisonment for their role in an extensive mortgage loan modification scheme. Geutssoyan and Shiau also were ordered to serve three […]

False Lien Payments to Future Wife Underlie Indictment

Stevie McDonald, 41, Winter Haven, Florida has pleaded guilty to making false statements in a mortgage loan application. He faces a maximum penalty of 30 years in federal prison. A sentencing date has not yet been set. According to court documents, on November 10, 2007, McDonald entered into a contract to purchase a home in […]

Mulholland Twins Get 20 Years in Ponzi Scheme

James Mulholland, 59 and Thomas Mullholland, 59, have been sentenced to 10 to 20 years in prison on eight felony convictions by District Judge William Collette for running an $18 Million Ponzi scheme. The prison sentences for all eight convictions will be served concurrently with the maximum being 10-20 years. “These two men abused the trust they were given […]

FinCEN Proposes Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator

To ensure consistent Bank Secrecy Act (BSA) coverage across the banking industry, the Financial Crimes Enforcement Network (FinCEN) is proposing to require banks lacking a Federal functional regulator to establish and implement Anti-Money...Show More Summary

Real Estate Agent Charged with Fannie Mae REO Fraud

Spenser Iatridis, 30, Scottsdale, Arizona, was charged by Information with Conspiracy to commit mail and wire fraud on August 26, 2016 in the United States District Court for the District of Arizona. According to the Information, Daphne Iatridis aka Daphne Trilling, aka Daphne Telles, 57, Scottsdale Arizona has been a real estate agent in Phoenix, Arizona for […]

Incentive Based Deals Result in Criminal Charges Against Buyer

Maria Del Carmen Rodriguez, Miami, Florida was charged by Information with Conspiracy to Commit Bank Fraud on August 29, 2016 in the United States District Court for the Southern District of Florida. According to the Information, at least as early as January 2007, Juan Carlos Sanchez, operating Homefirst Realty Group, Inc., began marketing the Marina […]

Criminal Complaint Filed in Short Sale Transaction

Naum Morgovsky was named in a criminal complaint filed in the United States District Court for the Northern District of California on August 24, 2016, alleging that he committed bank fraud in violation of 18 U.S.C. Section 1344. The Affidavit in Support of the Criminal Complaint alleges that, in 2009 and 2010, Morgovsky used the name Gary […]

Indictment Alleges Servicer Diversion of Borrower Payments

Robert Pena, 67, the president and founder of the now-defunct mortgage company, Mortgage Security, Inc. (MSI), a Falmouth, Massachusetts mortgage company was indicted on conspiracy and wire fraud charges in connection with and alleged scheme to defraud the Government National Mortgage Association (Ginnie Mae) out of nearly $3 million. Show More Summary

Indictment for Fake Mortgage Release

David Tyrone Johnson, 48, Washington, D.C. was indicted on charges that he conspired to commit bank fraud and other crimes arising from a real estate scheme involving a forged mortgage satisfaction document. Johnson was named in a six-count indictment that was returned on August 9, 2016. He is charged with federal violations of conspiracy, bank fraud, wire […]

Fake Law Firm Modification Scheme Nets Guilty Plea

Bryan D’Antonio, 50, Brea, California, pled guilty one count of conspiracy to commit mail and wire fraud related to his role as the owner and operator of a multi-million dollar fraudulent mortgage modification scheme that posed as a successful law firm to defraud struggling homeowners.  D’Antonio was the owner and operator of Rodis Law Group (RLG) and America’s […]

Failing to Disclose Concurrent Purchases Basis of Indictment

Jamie Hollingsworth and Chris Young were indicted in the United States District Court for the District of South Carolina and charged with conspiracy to make false statements on loan applications. The indictment also seeks forfeiture. According to the indictment: Hollingsworth, a real estate agent, decided to purchase three separate residential properties on the Isle of […]

South Carolina Real Estate Broker Pleads Guilty in Fraud Scheme

Luis Francisco Moreno, Greer, South Carolina, was charged by information in the U.S. District Court for the Middle District of North Carolina and pled guilty to two counts of bank fraud and one count of conspiracy to commit bank fraud. According to the Information, Moreno was a licensed real estate broker and real estate developer.  Moreno was experiencing […]

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