Texas
Mortgage Fraud - Texas
Thursday, July 22, 2010
Fourth Member of Mortgage Fraud Enterprise Sentenced
Darrell Lynn Marriott, 57, Gun Barrel City, Texas, the fourth member of a multi-county mortgage fraud scheme pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages. Marriott was sentenced in Navarro County District Court to 28 years in prison for securing the execution...
Monday, July 05, 2010
Texas Announces “Operation Stolen Dreams” Results
Operation Stolen Dreams, which targeted mortgage fraudsters in the Eastern District of Texas and throughout the country is the largest collective enforcement effort ever brought to bear in confronting mortgage fraud.
George M. Baehr, Jr., 35, Dallas, Texas pleaded guilty to an Information on June 16, 2010, charging him with mail fraud. Baehr...
Tuesday, May 25, 2010
Trio Indicted on Mortgage Fraud Charges
Veronica Frazier, 42, Pearland, Texas, Robert Veazie, 35, Houston, Texas, and Felton Greer, 41, Houston, Texas, have been charged with fraudulently obtaining home purchase loans. The indictments were returned under seal on May 5, 2010, and were unsealed once the three defendants were in custody.
Frazier was charged in a five-count indictment...
Friday, April 30, 2010
Man Pleads Guilty to Mortgage Fraud Charges
Melvin Lendall Brown, 47, Houston, Texas, has pleaded guilty to one count of wire fraud. Brown appeared for a re-arraignment hearing before United States District Judge David Hittner, at which time he admitted to engaging in a scheme to induce lenders to fund residential mortgage loans under false and fraudulent pretenses.
As previously reported...
Monday, March 29, 2010
Texas Fraudster Sentenced for Falsifying Documents
Tahmeane Elrod, 47, Tyler, Texas, has been sentenced to federal prison for a mortgage fraud scheme. Tahmeane Elrod pleaded guilty on November 4, 2009, to conspiracy to commit wire fraud and was sentenced to 18 months in federal prison. Elrod was also ordered to pay restitution in the amount of $337,709.58.
According to information presented in...
Tuesday, March 23, 2010
Former Businessman Sentenced in Mortgage Fraud Case
Micaiah Pruitt, 42, Dallas, Texas, has been sentenced to federal prison for his role in a mortgage fraud scheme.
Pruitt pleaded guilty on September 30, 2009, to conspiracy to commit mail fraud and wire fraud and was sentenced to 71 months in federal prison. Pruitt was also ordered to pay restitution in the amount of $1,384,015.26. As...
Monday, March 08, 2010
Woman Uses Stolen Money to Purchase Residence
Kellie Hampton Bick, 42, Midland, Texas, faces federal prison after pleading guilty to one count of bank fraud and one count of aggravated identity theft.
In documents filed with the court, Bick admitted that starting in February 2009 she began writing checks to herself on bank accounts held by her employer, North Waterfront Corporation (NWC)...
Thursday, March 04, 2010
Ex-Loan Officer Sentenced for Creating False Loan Documents
Lynn Ingle, 36, Burleson, Texas, a former loan officer, was sentenced for one count of conspiracy to make false Entries to U.S. Department of Housing and Urban Development (HUD), in connection with a mortgage fraud scheme.
According to court documents, Ingle was charged with creating false loan documentation to qualify borrowers for FHA loans in...
Wednesday, March 03, 2010
Former Texas Broker Sentenced In Mortgage Investment Scheme
David Isaac Lapin, 51, Houston, Texas, a former broker connected with the failed Premiere Holdings of Texas LLC, has been convicted and sentenced to prison for failing to disclose a crime to authorities and concealing material facts from investors. Lapin pleaded guilty on February 16, 2010, to a criminal information charging him with misprision...
Tuesday, March 02, 2010
Man Arrested for Stealing Real Estate From Rightful Owners
Norris Lynn Fisher, 62, Fort Worth, Texas, has been arrested on a mail fraud charge outlined in a federal criminal complaint.
According to the affidavit filed with the complaint, Fisher ran a mail fraud scheme that involved filing fraudulent warranty deeds with the Tarrant County Clerk's Office, Texas, to facilitate the theft of real property...
Home Developer Charged With Unlawfully Selling Houses
Grande Valley Homes LLC, which is registered to do business as Casa Linda Homes, McAllen, Texas, has been charged with defrauding first-time home buyers by unlawfully selling houses that were encumbered by undisclosed liens. Casa Linda Homes sells and finances residential real estate property. Its business model focuses on first-time home...
Tuesday, February 09, 2010
Jury Convicts 2 in Mortgage Fraud Scheme
David Vasser, 61, Houston, Texas, and Shirely Adger, 52, Dallas, Texas, have been found guilty of wire fraud and conspiracy to commit wire and mail fraud. Vasser was also convicted of conspiracy to commit money laundering and two counts of engaging in a monetary transaction in criminally derived property.
Per court documents, Adger was a loan...
Monday, February 08, 2010
3 Indicted For Role in Texas Mortgage Fraud Scam
Ming Shan Zhu, 57, Katy, Texas, the owner of Catco Homes; Alvin Mark Eiland, 45, Houston, Texas, former owner of Future Mortgage Company Inc.; and Gary Leonard Robinson II, 28, Houston, Texas, a former employee of Future Mortgage Company Inc., have been charged with offenses arising from a scheme to defraud residential mortgage lenders of more...
Thursday, January 14, 2010
Radio Host Admits Fraud and Identity Theft
Clifford Wayne Robertson, 43, Murphy, Texas has pleaded guilty to bank fraud and aggravated identity theft.
As previously reported on Mortgage Fraud Blog, according to the indictment, an investigation determined that Robertson claimed to be a real estate investment advisor who hosted A.M. radio real estate investment talk shows and in-person...
Tuesday, January 12, 2010
Mortgage Fraud Fugitive Gets 3 Years in Prison
James Ragnauth, Beaumont, Texas, a defendant charged in a mortgage fraud case, who was on the run for about six weeks and apprehended on a shrimp boat in the Caribbean Sea by the U.S. Coast Guard in March 2009, was sentenced by U.S. District Judge Sidney Fitzwater to 37 months in federal prison. Judge Fitzwater also ordered Ragnauth to pay...
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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 
