Finlock Financial Group, LLC, is the subject of an order to immediately cease and desist from conducting unlicensed activities as a mortgage broker and lender without first obtaining a license or registering under the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA).
Archives For Allison Tussey
Nine people involved in a long-running, large-scale mortgage fraud scheme that caused losses of approximately $10 million were charged in two complaints with conspiracy to commit bank fraud.
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10 individuals have been indicted on 44-counts for their alleged roles in a mail and wire fraud conspiracy involving timeshare mortgages.
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Arthur R. Seaborne, 70, Sarasota, Florida, was sentenced by U.S. District Judge Steven D. Merryday to 5 years in federal prison for conspiring to commit bank fraud in connection with his role in a residential loan program.
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Hoda Samuel, 60, Elk Grove, California, was found guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud after a 10 day jury trial.
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Joshua S. Goldberg was indicted by a federal grand jury on charges of conspiracy to commit and committing wire fraud in connection with a mortgage fraud scheme in which fraudulent loans were obtained on at least five properties.
Raquel DeJesus Martinez, Miami-Dade County, Arizona, who previously worked as a title agent, was sentenced by U.S. District Judge Donald M. Middlebrooks to 24 months in prison, to be followed by 3 years of supervised release, in connection with a scheme to commit mortgage fraud at The Jade apartment complex on Brickell Bay Drive in Miami.
Deborah L. Kistner, 50, and her husband, Mark A. Kistner, 52, both of Hilliard, Ohio, pleaded guilty three days after their trial started on a $7 million mortgage fraud scheme they carried out between June 2006 and July 2010.
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Alan Ritter, 70, Monsey, New York, a self-employed accountant, was sentenced in Manhattan federal court to three years in prison in connection with his operation of an 11 year, $6 million Ponzi scheme whereby he defrauded investors by falsely telling them that he intended to use the money to invest in real estate ventures.
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Harriet M. Taylor, 57, Ellicott City, Maryland, was sentenced by U.S. District Judge William D. Quarles, Jr. to two years in prison followed by five years of supervised release for wire fraud in connection with a scheme to use over $1.5 million in mortgage closing funds for her personal use and to operate her title companies.
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