Thomas Gregory Alexander, 60, San Diego, California, a loan originator, pleaded guilty to 10 felony counts for his role in a multi-million-dollar mortgage fraud scheme. Alexander entered guilty pleas for one count of Conspiring to Commit Wire Fraud and nine counts of Wire Fraud before U.S. Magistrate Judge David K. Duncan. He will be sentenced on September 19, 2011, before
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Avatar Realty Group, also known as Monroe Realty and Financial Enterprises, and Arthur R. Monroe, Oswego, Illinois, were subject to disciplinary action resulting from an investigation into alleged unlicensed and improper mortgage loan modification activities in Illinois.
Possible
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The following individuals were arraigned:
Gayle Tracy, 50, Batavia, Illinois, faces 12 charges: 3 counts each of Conspiracy to Commit a Financial Crime and Financial Institution Fraud; 2 counts each of Organizer of a Continuing Financial Crimes Enterprise and Theft by Deception; and 1 count each of Continuing Financial Crimes Enterprise and Money Laundering.
Brent
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Home Credit Law Center, an unlicensed mortgage loan modification company, its President, attorney Brian R. Linnekens, and an employee, Derek Thomas, are the subject of a Temporary Cease and Desist Order issued by the Washington State Department of Financial Institutions. The Department ordered the Respondents, all of Los
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Mirasol Salazar, 35, a seven-year clerical employee for the Town of Cicero, Illinois, was charged with altering her pay stubs and W-2 forms to inflate her income from $30,000 to over $52,000 in order to qualify for a loan on a Berwyn, Illinois home. The house fell into foreclosure when the defendant failed to make mortgage payments. The defendant was indicted on charges of Financial Institution Fraud, Theft, Theft by
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With the help of a loan officer, the Birts used inflated appraisals and falsified applications to secure loans for as much as $139,000 more than the listing price.
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Prosecutors sought a five-year term for Bowman and eight for Brown…Both will be required to pay restitution to victims, though the amount hasn’t been determined.
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Desiree Brown, 45, Hernando, Florida, the former treasurer and the former president of Taylor, Bean & Whitaker (TBW) were sentenced today to 72 months in prison and 30 months in prison, respectively, for their roles in a more than $2.9 billion fraud scheme that contributed to the failures of Continue Reading...
Kramer & Kaslow, a California law firm, is the subject of a consumer alert concerning alleged unlicensed loan modification services for Washington state residents. Many Washington consumers reported receiving misleading advertisements. The Department of Financial Institutions conducted an investigation of the source of the advertising materials, and ascertained that they are neither from the consumer’s lender or any branch
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James Merrill Roberts, Cedar Hills, Utah, pleaded guilty to counts 3 and 8 of an indictment charging him with a scheme to identify residential properties, recruited straw buyers, and, through false statements on loan applications, falsely inflated the apparent value of the properties to induce lenders to grant loans for amounts in excess of their fair market value.
As
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