Missouri
Mortgage Fraud - Missouri
Tuesday, February 24, 2009
Guilty Plea Entered In Case Involving Loan Misreps
Keith L. Pittman, 53, St. Louis, Missouri, entered a plea of guilty in United States District Court for the Southern District of Illinois, in East St. Louis to making a false statement to a financial institution in conjunction with a mortgage fraud scheme.
Pittman is currently scheduled to be sentenced on June 5, 2009, at which time he faces a...
Wednesday, February 18, 2009
Developer Pleads Guilty to Fraud Charges
Joseph A. Baumeister, 56, St. Louis, Missouri, pled guilty to one felony count of bank fraud charges in a mortgage fraud scheme involving 16 area properties.
According to court documents, between January 2007 and October 2008, Baumeister operated a scheme to defraud several mortgage lenders through his company, Prophet Development, located at 50...
Thursday, January 29, 2009
Guilty Plea In Mortgage Backed Security Scam
Mark Turkcan, 53, Kirkwood, Missouri, appeared before United States District Judge Donald J. Stohr and pled guilty to one felony count of misapplication of bank money by a bank officer. Specifically, Turkcan pled guilty to the misapplication of funds connected with his position at First Bank Mortgage, causing a loss of $35 million. According to...
Home Builder Indicted on Bank Fraud Charges
Edward Levinson, 49, Chesterfield, Missouri, was indicted by a federal grand jury on ten felony counts of bank fraud in connection with his construction business, resulting in more than $10 million in losses to banks and prospective home owners and subcontractors.
According to the Indictment, Edward A. Levinson was in the residential and...
Friday, January 23, 2009
Kansas City Builder Must Forfeit $2.6M
F. Jeffrey Miller, a Kansas City Builder, and two associates must forfeit more than $2.6 million in proceeds derived from conspiracy, bank fraud and money laundering. A federal jury in Topeka returned the forfeiture verdict late Wednesday, January 21, 2009. Last month, the same jury found Miller and his associates guilty on mortgage fraud...
Tuesday, January 20, 2009
Trial of 2 Missouri Men Set To Begin February 17, 2009
Russell Todd McBride, 46, Creve Coeur, MIssouri, and Robert P. Wrolstad, 59, O’Fallon, Missouri, will stand trial on mortgage fraud charges February 17, 2009, in Cape Girardeau. As previously reported by Mortgage Fraud Blog, McBride and Wrolstad were indicted in connection with a mortgage fraud scheme involving the sale of residential real...
Friday, January 09, 2009
Missouri Man Pleads Guilty To Supplying Down Payment Funds
Henry Broussard, St. Louis, Missouri, pled guilty to mail fraud charges in connection with a mortgage fraud scheme. Broussard admitted to fraudulently obtaining a loan of approximately $60,000 from Wells Fargo Home Mortgage. In all, Broussard admitted his fraudulent activities involved in excess of $120,000 of actual and intended losses. ...
Insurance Agent Pleads Guilty To $12.6M Mortgage Fraud
Ronald E. Brown, Jr., 39, Gladstone, Missouri, pleaded guilty before U.S. Chief District Judge Fernando J. Gaitan to to his role in a $12.6 million mortgage fraud scheme that involved 25 residential properties in Lee’s Summit and Raymore, Missouri. Brown was charge in an Oct. 29, 2008, federal indictment. By pleading guilty, Brown admitted...
Wednesday, January 07, 2009
Missouri Man Pleads Guilty To Loan And Appraisal Misreps
Craig A. Long, 36, Kansas City, Missouri, has pleaded guilty to federal mortgage fraud charges. Long pleaded guilty to one count of conspiracy to commit mail fraud and money laundering, and one count of mail fraud. In his plea, Long admitted he conspired with Leawood, Missouri real estate agent David Kostelec and others to defraud lenders by...
Monday, December 08, 2008
North Missouri Farmer Indicted For Bank Fraud
Dustin Ray Sherwood, 36, Trimble, Missouri, who had a large farming operation in Buchanan and Clinton counties was indicted by a federal grand for bank fraud, making false statements to obtain loans, selling some of the crops that were supposed to secure loans, and obstruction of justice, which is related to the bankruptcy proceedings in which...
Tuesday, December 02, 2008
Brokers Among Those Indicted For Mortgage Fraud Schemes
Charles M. Davis, 34, Rogersville, Missouri, Cheryl Joan Kassebaum, 42, and her husband, Scott Allen Kassebaum, 42, both of Ozark, Missouri, Randall Lee Hall, 59, and Shanda Lynn Moore, 44, both of Springfield, Missouri, and Steven Ray Spencer, 47, Carl Junction, Missouri, were charged in a 55-count Indictment returned by a federal grand jury in...
Tuesday, November 18, 2008
Man Sentenced To 22 Years For Defrauding Church, Among Others
Jason E. Branch, Sr., 43, Grandview, Missouri, was sentenced by U.S. District Judge Gary A. Fenner to 22 years in federal prison without parole. The court also ordered Branch to pay $1.4 million in restitution to his victims. As previously reported by Mortgage Fraud Blog, on May 4, 2007, a federal jury convicted Branch of conspiracy to commit...
2 Indicted In Major Mortgage Fraud Scheme
Russell Todd McBride, Creve Coeur, MIssouri, and Robert P. Wrolstad, O’Fallon, Missouri, have been indicted in a mortgage fraud scheme involving the sale of residential real estate located in Sikeston, Missouri. McBride and Wrolstad have been charged in a 34-count Indictment for their alleged involvement in the scheme. “Cases such as this are...
Monday, November 03, 2008
17 Indicted In Huge Scheme Involving 25 Properties
A real estate agent and two former loan officers in Lee’s Summit, Missouri, are among 17 defendants indicted by a federal grand jury for their roles in a $12.6 million mortgage fraud scheme that involved 25 residential properties in Lee’s Summit, Missouri, and Raymore, Missouri. The defendants include: Angela R. Clark, 40; James F. Simpson,...
Thursday, October 23, 2008
Broker Pleads Guilty In Home Loan Scam
Ronald E. Brown, Jr., 39, Kansas City, Missouri, has pleaded guilty to one count of conspiracy and one count of wire fraud for his role in a scheme to fraudulently obtain home loans, Acting U.S. Attorney Marietta Parker announced. In his plea, Brown admitted that from Feb. 6, 2003, through January 2004, he conspired with co-defendant Wildor...
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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 
