Kurt Fordham, 39, Ft. Washington, Maryland, has been senteced to 10 years in prison, followed by five years of supervised release for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit. Fordham was also ordered to pay restitution of
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Jonathan Boxman, 46, an owner and operator of real estate title insurance companies, was charged in federal court in Brooklyn, New York, with defrauding clients of title companies he controlled of more than $1.7 million. According to the criminal complaint, Boxman stole money that was entrusted to those companies and used it to pay operating expenses associated with his failing
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Uto Essien, 45, the ringleader of a multimillion-dollar mortgage fraud operation, has been convicted by an Adams County jury on four felony charges all related to the use of shell corporations and false invoices to skim money off the top of nearly three-dozen real estate transactions, announced Colorado Attorney General John Suthers.
Essien’s conviction resulted from a 45-count,
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Beazer Homes USA, Inc. was charged in a federal bill of information and a deferred prosecution agreement, which were filed in U.S. District Court for the Western District of North Carolina. The criminal charges and accompanying agreement relate to Beazer’s participation in a fraudulent scheme designed to increase Beazer
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Rosario Divins, 55, San Antonio, Texas, has been found guilty by a federal jury on seven counts each of criminal contempt and mail fraud for engaging in a fraudulent foreclosure prevention scheme. Testimony during the three-day trial revealed that Divins unjustly enriched herself by collecting over $100,000 in cash from individuals in desperate financial situations who responded to
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Calvin Davis, 48, New Orleans, Louisiana, has been sentenced by the Honorable Martin L.C. Feldman to forty (40) months imprisonment pursuant to his plea of guilty to Conspiracy to Commit Mail Fraud, Making False Statements to Obtain HUD Insurance and Making False Statements In Income Tax Returns, announced U. S. Attorney Jim Letten. As Continue Reading...
Gilfert Welton Jackson, 64, Los Angeles, California, was arrested without incident at a homeowner’s residence in Los Angeles by Los Angeles County Sheriff’s deputies and turned over to special agents with the Federal Bureau of Investigation. Jackson was taken into federal custody on charges that he has been defrauding homeowners by falsely promising them that he could prevent
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Eddie Zaben, 39, Dearborn, Michigan, is charged with one count of continuing criminal enterprise (racketeering), a 20-year felony, and eight counts of false pretenses over $20,000, each a 10-year felony. The charges resulted from a year-long investigation by the Michigan Mortgage Fraud Task Force and included efforts from the Michigan State Police, U.S. Secret Service, and the Attorney General’s office. The joint investigation
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Capmark Finance Inc., a California mortgage lender, has been charged for violating the False Claims Act by making false statements on applications for federal mortgage insurance covering residential nursing homes. The lawsuit, filed in United States District Court in Los Angeles, relates to a federal program under which the U.S. Department of Housing and Urban Development (HUD) guarantees mortgage loans used to acquire healthcare
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Dea Character, 51, Shaker Heights, Ohio, an Attorney, pleaded guilty to Engaging in a Pattern of Corrupt Activity, or RICO, a first degree felony, and five counts of Theft by Deception and five counts of Money Laundering. Co-defendant Tyrone Cody, 38, Shaker Heights, is scheduled for trial on Monday, June 8, 2009. Continue Reading...