Rosario Divins, 55, San Antonio, Texas, who claimed to be a foreclosure prevention specialist, has been found guilty by federal jury on seven counts each of criminal contempt and mail fraud.
The jury found that since January 2000, Divins engaged in a fraudulent foreclosure prevention scheme. Testimony during the three-day trial revealed that Continue Reading...
Arthur James Marshall, Jr. has been charged in a twenty-two-count indictment with fraud and money laundering in his real estate ventures. It was reported in news coverage of the April 3, 2009 execution of a search warrant by the Federal Bureau of Investigation on Marshall’s former office building that Marshall was a local
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Pierre Sowell, 37, Dallas, Texas, was indicted by a federal grand jury in Plano, Texas, for several counts of mail fraud and conspiracy to commit mail fraud in connection with a mortgage fraud scheme.
According to the indictment, Sowell and an unindicted, unnamed co-conspirator are alleged to have engaged in a scheme to make false statements to mortgage lenders to obtain
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Lee Howlett, 45, Portland, Oregon, who had pled guilty to one count of conspiracy to commit wire fraud, aggravated identity theft and money laundering, will be sentenced on July 17, 2009. As previously reported by Mortgage Fraud Blog,
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Veteran real estate lawyers say that they’ve heard of suits by title insurers against lawyers who weren’t diligent but that this is the first they know of to allege an attorney failed to research previous sales in the property’s history — a job usually thought to be the role of title professionals.
Two separate legal actions have been filed for mortgage fraud. The Complaints, among other things, seek to enjoin a foreclosure proceeding, seek civil penalties and restitution for alleged mortgage loan fraud. The lawsuits allege violations of New Mexico’s Mortgage Loan Company & Loan Broker Act, Unfair Practices Act and Home Loan Protection Act.
Deutsche Bank, US Bancorp, Saxon Mortgage Brokerage, North
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Robert Michael Bonner, 51, Polson, Montana, pled guilty during a federal court session in Missoula on May 26, 2009, before U.S. Magistrate Judge Jeremiah C. Lynch, to making a false statement to a financial institution. Sentencing is set for October 1, 2009. He is currently released on special conditions.
In an Offer of Proof filed by the United States, the government stated it would have proved at trial the following:
Paul Bergrin, 53, Nutley, New Jersey, a defense attorney, was arrested with three other individuals on an indictment charging him with being the leader of a racketeering conspiracy that included murder of a witness in a drug case, the attempted hiring of a hitman in another drug case, wire fraud and money laundering, Acting U.S. Attorney Ralph J. Marra, Jr., announced.
The Mortgage Fraud Scheme
As
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Myron L. Hooker, 42, Detriot, who obtained and caused to be obtained numerous fraudulent mortgage loans, entered a plea of guilty to the charges of wire fraud and conspiracy to commit mail fraud and wire fraud. Hooker pleaded guilty without a plea agreement and faces the statutory maximum penalty for the offenses: 5 years imprisonment and a fine of up to $250,000 for the conspiracy
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Michael Fiorito, 41, Prior Lake, Minnesota, has been convicted by a federal grand jury on seven criminal counts in connection with an equity-skimming scheme that targeted vulnerable homeowners. After more than six hours of deliberation, a jury found guilty on all counts against him, including one count of conspiracy to commit mail fraud and six counts of mail fraud.
As previously Continue Reading...
