Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1461
Posts / Week:3.8
Archived Since:March 20, 2008

Blog Post Archive

Siblings Admit Stealing of Hundreds of Identities from Escrow Company

Mortgage Fraud Blog. Charlie Rickie Jackson III, 43, Corona, and Bridgette Lenet Jackson, 45, Riverside, California, have pleaded guilty to federal charges of conspiring to steal identities of hundreds of would-be homeowners from North American Title Company and using those stolen identities to obtain credit cards from major national retailers. Show More Summary

Man Receives Probation for Conversion of Mortgaged Property

Mortgage Fraud Blog. Gary Matthew Johnston, 34, Nodaway, Iowa, was sentenced by United States District Court Judge Stephanie M. Rose to five years of probation, and was ordered to pay restitution in the amount of $113,754.20, for converting...Show More Summary

Man Gets 5 Years for $15M Straw Buyer Scam

Mortgage Fraud Blog. Nicholas Tarsia, Jr., 67, Totowa, New Jersey, was sentenced to 60 months in prison for conspiring to launder money as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos. Show More Summary

Man Convicted of Lying to Obtain Bank Loan

Mortgage Fraud Blog. Montgomery Joseph Isner, 47, Capital Heights, Maryland, was convicted of bank fraud in federal court for misrepresenting himself as the owner of a parcel of real property in Berkeley County, West Virginia, in order to fraudulently obtain a loan in the amount of $60,000. Show More Summary

Another Real Estate Investor Admits Rigging Bids at Foreclosure Auctions

Mortgage Fraud Blog. David Wedean, a Georgia real estate investor, pleaded guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia. Felony charges against Wedean were filed on April 27, 2015, in the U.S. Show More Summary

4 Charged with Running Investment Scam to Purchase Farmland

Mortgage Fraud Blog. Todd Dyer, 51, Lake Geneva, Wisconsin, Nicholas Hindman, 63, Glen Ellyn, Illinois, Melvin Krumdick, 73, Oak Park, Illinois, and Tracy Bolton, 47, Lakemoor, Illinois, have been charged with running an investment fraud scheme from 2008 through 2012. Show More Summary

Woman Sentenced to More Than Five Years in Prison in Real Estate Appraisal Scheme

Mortgage Fraud Blog. Ann Hils, 55, East Hampton, Connecticut, was sentenced by U.S. District Judge Alvin W. Thompson to 63 months of imprisonment, followed by five years of supervised release, for operating a real estate appraisal scheme. Show More Summary

Former Bank President Admits Overestimating Assets

Mortgage Fraud Blog. Laurie Mayfield, aka Laurie H. Scott, 54, Fredericksburg, Texas, former D’Hanis State Bank president, admitted that she filed fraudulent bank regulating reports which overestimated the bank’s assets. Appearing before United States Magistrate Judge John Primomo, the defendant pleaded guilty to one count of wire fraud. Show More Summary

3 Convicted by Federal Jury of Offering Bogus Loan Modifications

Mortgage Fraud Blog. Christopher Paul George, 45, Rancho Cucamonga, California, Crystal Taiwana Buck, 40, Long Beach, California, and Albert DiRoberto, 62, Fullerton, California, were convicted by a federal jury of offering bogus loan...Show More Summary

Loan Officer Sent to Prison for Facilitating Mortgage Fraud

Mortgage Fraud Blog. Brian W. Harrison, 56, Great Bend, Kansas, a former loan officer for a bank in Great Bend, was sentenced to six months in prison followed by six months home detention for bank fraud. Harrison falsified credit and loan applications, promissory notes and security agreements without proper authority. Show More Summary

Bank Director Gets 12 Years in Prison for Misapplying Bank Funds

Mortgage Fraud Blog. Michael P. Bernick, 51, Pittsburgh, Pennsylvania, a former bank director, was sentenced in federal court to 144 months of imprisonment on his conviction on nine counts of misapplication and theft of funds by a bank...Show More Summary

Man Admits Role as Straw Buyer in Scheme to Fraudulently Obtain $445,141 Mortgage

Mortgage Fraud Blog. Daniel Cardillo, 51, Wildwood, New Jersey, admitted defrauding a financial institution as part of a mortgage fraud scam that used phony documents and straw buyers to make illegal profits on over-developed condominiums. Show More Summary

Former Fugitive Sentenced to 5 Years for Recruiting Straw Buyers

Mortgage Fraud Blog. Aleksandr Kravchenko, 36, King County, Washington, who fled to Moldova, in Eastern Europe before being indicted by a federal grand jury for 55 loans fraudulently obtained from Westsound Bank, was sentenced in U.S. Show More Summary

Former Bank President and Business Partner Charged with Fraud

Mortgage Fraud Blog. Paul Harold Doughty, 66, Edmond, Oklahoma, and Fred Don Anderson, 66, Eagle Point, Oregon, have been indicted and charged with bank fraud, conspiracy to commit bank fraud, false statements to banks, and misapplication...Show More Summary

Woman Sent to Prison for Two Separate Mortgage Fraud Schemes

Mortgage Fraud Blog. Carmen Johnson, 48, Gambrills, Maryland, was sentenced by U.S. District Judge George Jerrod Hazel to 57 months in prison followed by five years of supervised release for conspiracy, wire fraud and making a false statement on a loan application, arising from two residential mortgage fraud schemes. Show More Summary

3 Plead Guilty to Straw Buyer Scam

Mortgage Fraud Blog. Michael David Scott, 51, Mansfield, Massachussets, a former real estate agent/developer and two out-of-state recruiters pleaded guilty to wire and bank fraud charges in connection with a multi-year, multi-property mortgage fraud scheme in Boston, Massachusetts. Show More Summary

Brother and Sister Team Head to Prison for Mortgage Fraud Crimes

Mortgage Fraud Blog. Dwayne Onque, 47, Belleville, New Jersey,  Mashon Onque, 44, East Orange, New Jersey, and Nancy Wolf-Fels, 58, of Toms River, New Jersey,  were sentenced for their respective roles in conspiring to defraud financial...Show More Summary

Real Estate Investment Firm Owners Arrested on Fraud Charges

Mortgage Fraud Blog. Carlton P. Cabot, 52, Stamford, Connecticut, and Timothy J. Kroll, 44, New Hope, Pennsylvania, – the former Chief Executive Officer and Chief Operating Officer of Cabot Investment Properties LLC, respectively – were...Show More Summary

5 Involved in Failed Land Development Sent to Prison

Mortgage Fraud Blog. Five of the eleven defendants charged in connection with a scheme involving straw buyers and the development of Seven Falls, a golf course and luxury residential community in Henderson County, North Carolina, have been sentenced to prison. Show More Summary

Man Admits Using False Documents and Inflated Appraisals to Obtain $1M in Loans

Mortgage Fraud Blog. Grady Wayne Fricks, 65, Nashville, Tennessee, pleaded guilty to conspiracy charges arising out of a scheme to defraud Cornerstone Community Bank, Dalton, Georgia, using false appraisals, settlement statements and misrepresentations to qualify for more than a million dollars in loans. Show More Summary

Copyright © 2015 Regator, LLC