Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1437
Posts / Week:3.8
Archived Since:March 20, 2008

Blog Post Archive

Another Real Estate Investor to Admit Rigging Bids at Foreclosure Auctions

Mortgage Fraud Blog. Wayne Lippman, Walnut Creek, California, a real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California. Felony charges were filed in the U.S. Show More Summary

Judge Hands Down Hefty Sentences to Loan Modification Scammers

Mortgage Fraud Blog. Dean Gregory Chandler, 50, Fallbrook, California, and Michael Eccles, 35, Vista, California, were sentenced to 12 and 5 years in prison, respectively, for their roles in defrauding more than 3,000 homeowners across the nation through a sham law firm in Oceanside, California. Show More Summary

Former CEO Admits Scheme to Defraud Bank in Sale of Non-Performing Loans

Mortgage Fraud Blog. Poppi Metaxas, 62, Hillsborough, California the former President and Chief Executive Officer of Gateway Bank, FSB, pleaded guilty to conspiracy to commit bank fraud for her role in defrauding the bank of more than $1.8 million in the aftermath of the financial crisis. Show More Summary

Man Charged with Short Sale Fraud

Mortgage Fraud Blog. Conan Hayes, 40, Topanga, California, the former co-owner of the clothing brand RVCA is scheduled to be arraigned May 4, 2015, for committing short-sale fraud of his home and causing a total loss of over $500,000 to the lender. Show More Summary

Prison Time for Fraudster Who Ripped Off Homeowners in Loan Mod Scam

Mortgage Fraud Blog. Stephen Choate, 62, Pahrump, Nevada, was sentenced on a charge of pattern of mortgage lending fraud. Choate ran a scam between November 2010 and February 2012, to defraud clients of $11,500 in fees under the guise that he would obtain loan modifications for them. Show More Summary

Disbarred Attorney Sent to Prison for Recording False Tax and Bank Releases

Mortgage Fraud Blog. John C. McBride, 66, Boston, Massachusetts, who was disbarred in 2007 after practicing law for more than three decades, was sentenced to federal prison for tax and bank fraud violations. His crimes arose in connection...Show More Summary

Former Accounting Officer for Beazer Home Receives 10 Year Sentence

Mortgage Fraud Blog. Michael T. Rand, 52, Sandy Springs, Georgia, was sentenced by U.S. District Judge Robert J. Conrad, Jr. to 120 months in prison and to three years of supervised release on conspiracy and obstruction of justice charges...Show More Summary

Investor Receives 4 Year Sentence for Illegal Flipping Scheme

Mortgage Fraud Blog. Benny Chetcuti, Jr., 60, Walnut Creek. California, was sentenced yesterday to 51 months in prison, and ordered to pay $21,823,526.10 in restitution, as well as forfeit $3,968,995 in proceeds obtained from a multi-year real estate investment fraud scheme. Show More Summary

Conspirator Sentenced to Prison for Loan Kiting Scheme

Mortgage Fraud Blog. Ashley Bonair Chambers, 58, Spokane, Washington, was sentenced after having been convicted after a four-day jury trial in December 2014 of one count of conspiracy to commit bank fraud and wire fraud affecting a financial institution, seven counts of wire fraud, and one count of wire fraud affecting a financial institution. Show More Summary

Woman Convicted of Falsifying Mortgage Documents

Mortgage Fraud Blog. Amanda Bishop, 35, Martinsburg, Pennsylvania, was convicted in federal court after she submitted fraudulent mortgage documents during court proceedings. An investigation revealed that Bishop fell behind on her mortgage...Show More Summary

Asset Manager Pleads Guilty to $5M Fraud Scheme

Mortgage Fraud Blog. Max Wagenblast, 35, Arlington, Virginia, pleaded guilty today to wire fraud in connection with a scheme to steal over $5 million from his company, which was the second largest Special Servicer of commercial real estate mortgages in the United States. Show More Summary

Businessman Sentenced to 6 Years in Prison for Loan Fraud

Mortgage Fraud Blog. Stephen B. Deluca, 58, Deland, Florida, was sentenced by Senior United States District Judge John Antoon, II to six years and six months in federal prison for his role in a conspiracy to commit wire fraud and bank fraud wherein he defrauded several lenders using inflated assets to qualify for lines of credit. Show More Summary

Real Estate Investors Agree to Plead Guilty to Bid Rigging

Mortgage Fraud Blog. Mark Roemer and Bradley Roemer, two Northern California real estate investors, have agreed to plead guilty for their role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California. Show More Summary

Developer and Escrow Agent Charged in Multi-Million-Dollar Loan Fraud Scam

Mortgage Fraud Blog. Abolghasseni “Abe” Alizadeh, 56, Granite Bay, California, and Mary Sue Weaver, 62, Roseville, California, are the subjects of a 21-count indictment charging them with various counts of mail, wire and bank fraud in...Show More Summary

Woman Indicted on Loan Modification Fraud Charges

Mortgage Fraud Blog. Constance Kanary, 52, Toledo, Ohio, is the subject of a two-count indictment charging her with participating a fraudulent home loan modification conspiracy. The defendant was charged with one count of conspiracy to commit mail fraud and one count of mail fraud. Show More Summary

Former Loan Officer Pleads Guilty to Accepting Bribes

Mortgage Fraud Blog. Johnny Gutierrez, 50, Stafford, Virginia, a former loan officer at the Export-Import Bank of the United States pleaded guilty in federal court for accepting more than $78,000 in bribes in return for recommending the approval of unqualified loan applications to the bank, among other misconduct. Show More Summary

Man Jailed for Stealing More Than $187,000 in Mortgage Payments

Mortgage Fraud Blog. Mario Coniglione, 51, Staten Island, New York, was sentenced by Monmouth County Superior Court Judge Anthony J. Mellaci, Jr. to seven years in a New Jersey state prison for stealing more than  $187,000 from a pair of homeowners over a 33 month period. Show More Summary

Man Who Cooperated with Mortgage Fraud Investigation Sentenced to Probation

Mortgage Fraud Blog. Mark Avalos, 50, St. Peters, Missouri, was sentenced to five years probation and ordered to pay $497,000 in restitution after pleading guilty to bank fraud charges relating to his work as the controller for The Mortgage Store (TMS) in 2008. Show More Summary

Final Defendant Sentenced to Prison in Multi-Million-Dollar Real Estate Scheme

Mortgage Fraud Blog. Ronald Benjamin, 49, Los Angeles, California, was sentenced by U.S. District Court Judge Wiley Y. Daniel to serve 14 months in federal prison for wire fraud and aiding and abetting in providing materially false information to lenders to procure loans. Show More Summary

Man Admits Role in Real Estate Investment Scam

Mortgage Fraud Blog. Kenneth Manuel Martin, 66, formerly of Modesto, California, pleaded guilty to one count of wire fraud in connection with a Guatemalan real estate scheme wherein he told investors that their money would be used to fund loans and would be secured by promissory notes recorded against the property. Show More Summary

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