Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
imageRachel 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 Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar

Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.



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Recent Posts

- Criminal Action by Georgia Dept of Banking Results in Guilty Plea
- Guilty Plea In Real Estate Ponzi Scheme
- Maryland Woman Pleads Guilty to Mortgage Fraud Scheme in D.C. and Maryland
- Texas Fraudster Admits to Falsifying Documents
- Mortgage Fraud Results in Charges for West Michigan Woman
- Mortgage Fraud Surge Investigation Nets 100+
- Marc Dreier Co-Conspirator Pleads Guilty
- Real Estate Fund Manager Charged With Defrauding Investors
- Ringleader of Mortgage Fraud Scheme Sentenced to 30 Years
- Department of Finance Orders Meridian Mortgage Loan Modification Company to Cease & Desist
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Missouri

Mortgage Fraud - Missouri

Friday, February 18, 2005

Appraiser Pleads Guilty in Connection with Mortgage Fraud

Peggy Jo Snodgrass Inflated Appraisals

Peggy Jo Snodgrass, 39, appraiser, Raytown, Missouri pleaded guilty to charges in connection with submission of fraudulent appraisals to lenders.  Snodgrass admitted to causing mortgage companies to approve 75 loans totaling approximately $4.3M between June and November of 2000.

   

Monday, February 14, 2005

Three Indicted in Kansas City, Missouri Mortgage Fraud

New Charges Levied against Brent Michael Barber in Third Indictment

Brent Michael Barber has been charged with mortgage fraud for the third time in less than twelve months.  The new indictment includes 66 felony counts of conspiracy and fraud.  Also named were Robert Dale Beckley and Roderick Neil Criss. The indictment seeks forfeiture of approximately $4M in cash and real estate. Click here to view the...

   

Mardell McGee Smith and Mario McGee Sentenced

Brothers Ran St. Louis Mortgage Fraud Scheme

Mardell McGee Smith, aka Patrick McGee, 35, Florissant, Missouri was sentenced to one year and one day in prison and ordered to pay $230,481 in restitution after pleading guilty last year to one felony count of making false statements on HUD applications and one felony count of misusing a Social Security number. Mario McGee, 32, formerly of St....

   

Friday, February 04, 2005

A Case For Shredding

Hardene Stole Identities From Discarded Mortgage Documents

Jerome Hardene, also known as Jeremy Smith, 44, St. Louis, Missouri was sentenced to 100 months in prison and ordered to pay restitution of over $100,000 after pleading guilty in a credit card fraud scheme.  According to the plea agreement, obtained discarded loan documents from a local mortgage company and used the applicant’s personal...

   

Monday, January 24, 2005

Capital Title Placed in Receivership

Company has $6.5M Deficit

Capital Title Co.,, St. Louis, Missouri, was shut down and placed in receivership last week.  According to court documents, the company has been bouncing checks for six months and has a $6.5M deficit.  The St Louis Post Dispatch article states that one of two of Capital’s underwriters is investigating for ‘alleged diversion of escrow funds’ and...

   

Monday, December 13, 2004

Missouri Ponzi Scheme Unravels

Investments in Arizona Manufactured Housing Development

Michael Schaefer, 55, charged with 88 felony counts in Johnson County Missouri District Court, was arrested on Thursday.  Schaefer is accused of operating a ponzi scheme in which he sold interests in a purported manufactured housing development in Arizona through two businesses: Omnibus Inc. and Schaefer Enterprises.  Each investor paid Schaefer...

   

Monday, November 22, 2004

Theft by Quit Claim

Stolen Real Property Title is Growing Problem

The Kansas City Star published an article on property theft .  A quote from the article provides details as to how this scheme works:

The typical scenario involves a thief forging the property owner’s name on a quitclaim deed or a warranty deed. The forgery suggests that the owner sold the house or deeded the property to the thief. The forged...

   

Thursday, September 23, 2004

More Mortgage Fraud Schemes: Illinois, Colorado, Missouri

Chicago, IL: Jeffrey Grossman and Donald Grauer (dba The Churchill Group). Pleaded guilty. Real estate development scheme where defendants allegedly submitted fraudulent vouchers to banks to construct two condominium complexes. Lender losses: $15 million.

Denver, CO: Gerald Small, Kelli Burkhalter-Small, Charles Winnett, Chad Heinrich and Robert...

   

Wednesday, September 22, 2004

McGee Smith, St. Louis, MO

Mardell McGee Smith (aka Patrick McGee), 35, pleaded guilty to one felony count of making false statements on HUD applications and one felony count of misusing a Social Security number. He is scheduled to be sentenced Dec. 30.

The allegations were that Smith, who owned and operated New Alliance Enterprises Inc., bought homes in the St. Louis,...

   

Thursday, July 08, 2004

Hairston, St. Louis, MO

Tandy Hairston, 38, St. Louis, Missouri

Tandy Hairston pleaded guilty to four felony counts of wire fraud and one felony count of conspiracy to commit mail and wire fraud and was sentenced to 64 months in prison and ordered to pay restitution of $2,424,857.  Hairston owned and operated The Loan Store, dba Mid-Town Mortgage from 1998 to 2001 as a mortgage broker and mortgage bank....

   

Friday, September 27, 2002

Ameriquest Files Civil RICO Lawsuit for Mortgage Fraud

Defendants include Ameriquest Employees

Ameriquest filed a civil lawsuit alleging that the defendants fraudulently obtained approximately 75 properties in Kansas City, Missouri and its neighboring areas from Ameriquest by helping to create or by submitting loan applications and documents, title reports and appraisals that misrepresented material facts and that they organized numerous...

   

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Today's News

Some Sources require Registration.

 

Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
CNNMoney.com
The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...

Mortgage Fraud Case Appears Headed to Jury in Jackson County Circuit Court
The Jackson Citizen Patriot - MLive.com
The prosecution and defense rested Thursday in the mortgage fraud cases against Teresa Marie WIlson and Angelo Surveo Williams.

Wyoming Woman Charged with Mortgage Fraud After Allegedly Stealing Sister's Identity
MLive.com
A Wyoming woman is facing felony charges accusing her of stealing her sister's identity to obtain a mortgage...then defaulting on that mortgage, leaving taxpayers on the hook.

U.S. Attorney Targets White-Collar Crime
Wall Street Journal
In San Francisco, Mr. Russoniello said he is trying to crack down on cases like mortgage fraud, though he doesn't have the budget to hire additional white-collar prosecutors.

Arrests Made in Orlando Mortgage Fraud Roundup
MyFoxOrlando.com
During the real estate boom two years ago, some units were going for a half million dollars. Now some are short selling for just 50 grand.

10 Accused of Mortgage Fraud at PR Coastal Resort
Forbes
A developer and nine other people, including a former salsa singer, have been charged in an alleged $14 million mortgage fraud in Puerto Rico...

Strodtman Jury Selected in Mortgage Fraud Trial
Greeley Tribune
Attorneys will deliver opening statements this morning in the trial of Mark Strodtman, who is accused of bilking homeowners in a mortgage scheme years ago.

FHA Digging Out After Loans Sour
Wall Street Journal
Most banks rejected Ms. DeForte because her debt level was too high and her credit score too low. But Lend America put Ms. DeForte into a $402,000 loan backed by the Federal Housing Administration...

Mortgage Fraud Probe Nets 105 Across State
Bradenton Herald
At least one local man is among 105 people arrested across the state following a nine-month investigation into organized mortgage fraud.

Mortgage Fraud Increases
MortgageRates.co.nz
The number of frauds involving professional advisors, such as accountants and lawyers, has increased from two to four since March 2008.

Previous Articles

TRIAL COVERAGE

Trial coverage provided by Anne Mitchell, Crazy Fish Realty.

F. Jeffrey Miller Update - October 20, 2009

A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.

Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied

Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.

The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.

Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.

The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.

Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.



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© Copyright 2004-2009 Rachel M. Dollar

Legal Disclaimer.
The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.

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