Pennsylvania
Mortgage Fraud - Pennsylvania
Tuesday, May 01, 2007
Pannsylvania Man Indicted for Issuing False Appraisals
Richard Woods, 51, Kingston, Pennsylvania was charged in an indictment returned by a Pennsylvania federal grand jury on March 20, 2007, with one charge of mail fraud related to making false and fraudulent mortgage and loan appraisals during a four-year time period. It is alleged that he used the mail to further a scheme in which false real...
Tuesday, March 27, 2007
Pennsylvania Mortgage Broker Charged with Real Estate Closing Fraud
Jay Berger, 54, mortgage broker, settlement agent and title agent, was charged by Information in connection with his alleged involvement in a real estate closing scheme that defrauded title companies and lenders in excess of $4.6 million dollars. Also charged in a separate Information was Margaret Carole Fisher, 53. According to the Information ...
Friday, March 23, 2007
Pennsylvania Mortgage Broker Pleads Guilty to Creative Financing Scheme
Christopher Gallagher, mortgage broker, Philadelphia, Pennsylvania, pled guilty to three counts of wire fraud and two counts of failure to file income tax returns in connection with a mortgage fraud scheme involving properties valued at more than $1.5 million. Gallagher worked in close contact with Patrick Balf, who worked as a real estate agent...
Thursday, January 18, 2007
Pennsylvania Businessmen, Accountant Indicted for Mortgage Fraud, Tax Evasion
Bishop Krabsz, (aka Stephen Bishop), 59, Cherry Hill, New Jersey and James Sanford, 68, Berlin, New Jersey were indicted along with their accountant, Enrico Nardini, 67, Boothwyn, Pennsylvania for charges including conspiracy, wire fraud, false tax returns and false statements to a financial institution. In September, 2002, Krabsz allegedly...
Tuesday, January 16, 2007
Pennsylvania Attorney Indicted for Real Estate Fraud
Joseph Dente, attorney, Luzerne County, Pennsylvania, was indicted for misappropriation of real estate proceeds. Dente, represented a homeowner in the sale of her property. According to the indictment Dente received the loan proceeds and was to remit them to the borrower’s lender. Instead, he “converted the monies to his own use and benefit”.
...
Monday, January 15, 2007
Pennsylvania Man Sentenced to 30 Months in Prison for Fake Appraisals
Chester Underhill, 47, Pittsburgh, Pennsylvania, has been sentenced to thirty months of incarceration and three years of supervised release on his conviction of Mail Fraud. Underhill was an unlicensed appraiser that performed appraisals using his deceased father’s license. In addition, at the request of mortgage brokers, Underhill inflated the...
Monday, October 16, 2006
Pennsylvania Mortgage Broker Sentenced to Prison
David C. Jackson prepared false applications in flipping scheme
David C. Jackson, 45, New Kensington, Pennsylvania, was sentenced to 41 months in prison and ordered to pay $1,291,175 in restitution after pleading guilty to bank fraud and money laundering in connection with a $1.6M mortgage fraud scheme. Jackson was one of eight defendants charged in the mortgage fraud conspiracy that allegedly involved the...
Wednesday, September 27, 2006
Pennsylvania Mortgage Broker Accused of Creating Sham Businesses for Approval of Loans
Nicholas Piscitelli, 39, Broomall, Pennsylvania with one count of wire fraud in furtherance of a scheme to defraud mortgage lending companies. At the center of the scheme was a fake business that Piscitelli created to deceive these companies into believing that his customers had good credit. As a result, some of these customers obtained...
Monday, September 18, 2006
Fourth Eagle Valley Defendant Sentenced in Poconos Fraud
Lauren Erb, 47, Kunkletown, Pennsylvania was sentenced to one year of probation after pleading guilty to perjury. Erb was accused of participating in a mortgage fraud scheme in the Poconos, Pennsylvania by signing as a witness on a forged home sales agreement in 1998, and then making a false statement to a the grand jury when questioned. Erb...
Thursday, August 31, 2006
Pennsylvania Attorney Faces Criminal Charges in Mortgage Scam
 Mark Morrison, 49, attorney, Hopwood, Pennsylvania, a former Fayette County Assistant District Attorney and former solicitor for the Fayette County Airport Authority, was charged criminally in connection with accusations that he stole nearly $100,000 in mortgage settlement payments from older clients.
The criminal charges state that in August and...
Tuesday, August 22, 2006
Pennsyvlania Minister Sentenced in Bank Fraud
Roy E. Smith, 33, Greensburg, Westmoreland County, Pennsylvania, was sentenced in federal court in Pittsburgh, Pennsylvania, to a fifteen month period of imprisonment, to be followed by a five year period of supervised release, and ordered to pay restitution in the amount of $290,952.40 on his conviction for bank fraud. According to information...
Monday, August 21, 2006
Pennsylvania Attorney faces lawsuits and disciplinary action
Mark F. Morrison, Hopwood, Pennsylvania, his law office, and his wife, Deborah, who works as his legal secretary were sued by Bernard and Gloria Rakoczy, Hopwood, Pennsylvania, who allege that Morrison failed to conduct a proper closing for the refinancing of the lot for their mobile home, according to media reports. The Rakoczys‘ neighbors, ...
Wednesday, August 02, 2006
Pennsylvania Co-Conspirator Charged in Mortgage Fraud and ID Theft
Hasan Talib aka Hasan Shoatz, 33, Philadelphia, Pennsylvania, was charged by information with 3 counts of wire fraud, 5 counts of mail fraud, 1 count of bank fraud, 3 counts of aggravated identity theft and 2 counts of false statement in loan application. The charges are related to mortgage fraud, along with other criminal activity, that Talib...
Thursday, July 27, 2006
Ten Indicted in Pennsylvania Mortgage Fraud
In Pennsylvania, ten individuals were charged in an 18-count indictment with a massive mortgage and identity fraud scheme. The fraud involved nearly 180 properties in Philadelphia, Pennsylvania, the vast majority of which will fall into foreclosure. The government and private mortgage lenders are at risk of losing over $11,000,000 because of...
Pennsylvania Man Sentenced in Money Laundering Scheme
Darrell Walker Holloway, 33, Penn Hills, Pennsylvania, was sentenced in federal court in Pittsburgh, Pennysvlania to twelve months and one day imprisonment, followed by three years supervised release, after being convicted of conspiring to launder money and stealing monies from the Pension Benefit Guaranty Corporation (PBGC). According to...
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Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of 
