Eric Wayne Moen, 36, Park Rapids, Minnesota, was indicted in federal court in connection with a scheme to defraud a mortgage company out of money, as well as growing more than 100 marijuana plants. Moen was charged August 18, 2009, with one count of conspiracy to commit wire fraud, one count of money laundering and one count of manufacturing marijuana. He made his initial
Continue Reading...Archives For Allison Tussey
Orlando Carter, 43, Mason, Ohio, was convicted of 11 counts of fraud and conspiracy for misleading lenders in order to secure more than $10 million in loans and lines of credit for the purchase of personal real estate and the operation of his business, the Dynus Corporation. The verdict returned after a trial that began July 27, 2009, before Senior United States District
Continue Reading...
An 18-month investigation led to indictments against 41 people and four companies. The defendants are alleged to have engaged in real estate transactions to purchase 453 homes in Ohio with fraudulent loans totaling $44 million.
Uri Gofman, Beachwood, Ohio, is alleged to have orchestrated one of the nation’s largest mortgage
Continue Reading...
Robert P. Copeland, 47, Marietta, Georgia, was sentenced by United States District Judge Beverly B. Martin to serve over 10 years in federal prison on a charge of wire fraud, relating to a $40 million investment fraud scheme.
Copeland was sentenced to 10 years, one month in prison to be followed by 3 years of supervised release, and ordered to pay restitution of
Continue Reading...
Brian H. Madden, 55, Greenlawn, New York, was indicted on charges that he misappropriated and embezzled over $4.7 million of escrow, client, and other operating funds from three title insurance agencies that he controlled and operated in New York. The three-count Indictment returned by the Grand Jury adds a money laundering charge to the wire fraud and insurance fraud charges for which Continue Reading...
County prosecutors suspected former San Bernardino County Assessor Bill Postmus committed real-estate fraud and tried to conceal a $100,000 payment for helping facilitate a $102 million county settlement…
Veronica Sanchez Gallegos, 28, Ventura, California, a licensed real estate agent, pled guilty on August 6, 2009, to one felony count of theft from an elder, five felony counts of grand theft, and admitted a special allegation of taking more than $500,000.
In an investigation conducted by the District Attorney’s Office Bureau of Investigation, it was determined that Gallegos conducted
Continue Reading...
386 mortgage foreclosure consultants have been threatened by possible criminal and civil prosecution unless they post $100,000 bonds and register with California Attorney General Edmund G. Brown Jr.’s office. Additionally, more than two dozen companies were ordered to justify suspicious loan modification claims made in “slick advertising,” online and through the mail.
Brown has sent letters directing 386 mortgage foreclosure consultants to register with his office within 10 days and
Continue Reading...
Joseph D. Milanowski, 48, Las Vegas, Nevada, the owner of a Nevada investment company who misappropriated over $50 million of client monies to fund loans for his own pet projects, entered a guilty plea to one count of wire fraud before Chief U.S. District Judge Roger L. Hunt and was released on a personal recognizance bond pending sentencing. In pleading guilty,
Continue Reading...
Stephen LaLonde, 42, Fort Lauderdale, Florida, was charged in a two-count Information for his role in a mortgage fraud closing scheme that resulted in the theft of more than $1 million in loan proceeds.
According to the July 19, 2009, criminal information, LaLonde stole more than $1 million at real estate closings as part of a scheme to defraud legitimate borrowers, lenders, and
Continue Reading...