Michelle V. Mallard, 46, Charlotte, North Carolina, a former lawyer, pleaded guilty mid-trial on Wednesday, July 10, 2013, to mortgage fraud-related charges.
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Rhonda Scott, 52, Oxon Hill, Maryland, pleaded guilty before U.S. District Judge James K. Bredar to conspiring to commit wire fraud in connection with two separate mortgage fraud schemes that resulted in losses of over $2,500,000.
A new real estate scam involves real estate that is posted via classified advertisement websites. The scammer duplicates postings from legitimate real estate websites and reposts these ads, after altering them. Often, the scammers use the broker’s real name to create a fake e-mail, which gives the fraud more legitimacy.
Robert Heckinger, 67, Tucson, Arizona, an Enrolled Agent with the IRS at the time of the incident, was sentenced July 8, 2013, to 60 months of probation for his role in preparing two fraudulent tax letters upon which a mortgage lender relied to approve two loans . He was also ordered to pay $45,055 in restitution.
Jere Loy Parkhurst, 46, was sentenced by U.S. District Judge James A. Teilborg to 13 months in Federal prison for his role in a real estate investment scheme.
Patrick J. Mansell, 68, Boca Raton, FL, Vice President of Coastal States Mortgage Corporation, has been charged with conspiracy to commit wire fraud to defraud government sponsored entities, Fannie Mae and Freddie Mac.
Numerous federal cases and other court actions have been unsealed involving attorneys, mortgage brokers, real estate professionals, and developers, who are charged with federal crimes pertaining to mortgage fraud.
Kevin Derricott, 40, Rocklin, California, was sentenced to 20 months in prison for his role in a scheme to defraud lenders out of millions of dollars.
Jewel Hinkles, aka Cydney Sanchez, 63, Los Angeles, California, pleaded guilty to bankruptcy fraud in connection with a foreclosure rescue scheme she ran.
Jeffrey Baker, 45, Detroit, Michigan, and Leroy Yeargin, Jr., 44, Southfield, Michigan, were charged with operating a fraudulent mortgage modification business defrauding approximately 272 victims out of $400,000.