|
||||||||||||||||||||||||||||||||||
|
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry. |
Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California.
Dollar in the News |
|
July 13, 2008 - Tampa Tribune
May 31, 2008 - The Seattle Times
May 30, 2008 - Chicago Tribune |
Quick Links |
CategoriesMonthly Archives |
Syndicate |
| You're welcome to post our feed on your site and provide your readers with the latest Headlines! Just select "Get Widget" below . . . |
  
|
Recent Posts |
|
- 16 Indicted In New York Mortgage Fraud Scheme - Mortgage Fraud Scheme Leads to Prison Term for Houston Man - Loan Officer Sentenced to 41 Months in Prison for Mortgage Fraud - Phoenix Mortgage Broker Who Defrauded Seniors Gets Prison Term - Jeffrey Miller Trial Begins in Topeka, Kansas - Man Sentenced To 22 Years For Defrauding Church, Among Others - 2 Indicted In Major Mortgage Fraud Scheme - Mortgage Broker Sentenced to 12 Months Home Confinement - 2 Guilty Convictions In NY Foreclosure Rescue Scam - Guilty Plea In Multi-Million Dollar Mortgage Fraud And Telemarketing Schemes |
MissouriMortgage Fraud - MissouriFriday, February 09, 2007Missouri Real Estate Developer Pleads Guilty to Mortgage FraudLarry D. Wills, 50, Kansas City, Missouri, pled guilty to tax and wire fraud and money laundering. He claimed personal income tax refunds to which he was not entitled and filed fraudulent corporate tax returns for his business, WB Enterprises, a real estate development firm. Wills also pleaded guilty to working with Ida Mathis to defraud New Century Mortgage by submitting false documents with a $472,500 loan application connected to property at 100 W. Bannister Road, Kansas City, Missouri. Ida Mathis, 52, Kansas City, Missouri, and Wills were charged with …
Wednesday, February 07, 2007Missouri Title Exec Pleads Guilty to $3.2 Million TheftNorvel Brown, President of Mississippi Valley Title Company, pled guilty to charges of stealing more than $3.2 million from HUD and commercial escrow accounts and the theft of $17,900 from his employees 401k benefit plan. He pled guilty to one felony count of wire fraud and one felony count of theft from an employee benefit plan. Brown now faces a maximum penalty of twenty years in prison and/or a fine of $250,000 on the wire fraud charge; the theft count carries a maximum of five years in prison and/or a fine of $250,000. Sentencing has …
Missouri Broker and Three Others Indicted on Flipping ChargesBennie Clark, Michael Jackson, Robert Casey and Donna Brown were indicted for their involvement in a mortgage scheme involving several St. Louis, Missouri, area properties. Additionally, Brown is charged with bankruptcy fraud. Bennie Clark worked in the mortgage brokerage field as owner and operator of World Wide Financial, LLC, providing mortgage-related services at an office located in St. Louis County. Michael Jackson was a business associate. Donna Brown worked for Clark and World Wide Financial providing loan application processing and working with title companies. Robert …
Monday, February 05, 2007Missouri Mortgage Broker and Husband Charged with Mortgage FraudAnna and Mark Bonds were indicted on ten charges involving a mortgage scheme. Anna Bonds was indicted by a federal grand jury on nine felony counts of mortgage fraud and one felony count of conspiracy to commit mail fraud. Mark Bonds was indicted on four counts of mortgage fraud and one count of conspiracy to commit mail fraud. Mortgage fraud causes a boost in the home foreclosure rate. This has a negative impact on our neighborhoods and our property values, said United States Attorney Catherine L. Hanaway. The FBI recognizes that mortgage …
Thursday, February 01, 2007Missouri Mortgage Banker Charged with Mortgage FraudRose A. Shaw, St. Charles, Missouri, was indicted on multiple mail and wire fraud charges, along with a forgery charge alleging that she signed a judges name on a bankruptcy document. Shaw was indicted on five felony counts of mail fraud, one felony count of forgery and one felony count of wire fraud. According to the indictment, Shaw received monthly social security disability payments from January 1985 thought March 2006 by falsely claiming on the applications that she was mentally retarded and suffered from schizophrenia. The total amount of these benefits was approximately $153,000. The indictment …
Wednesday, January 10, 2007Mayoral Candidate among Eleven Indicted in Missouri Mortgage FraudA former Jackson County, Missouri, official and her husband were among those indicted by a federal grand jury for conspiracy and wire fraud for their role in a scheme to engage in mortgage fraud. A day after being indicted, Katheryn Shields filed to run for mayor of Kansas City, Missouri. Shields was quoted as saying that the federal charges were ”a political witch-hunt conducted by the US Attorney’s office” intended ”to create maximum embarrassment for me.” Charged in the 12-count indictment returned by a federal grand jury were: Katheryn J. Shields, 60, …
Thursday, January 04, 2007Kansas City Appraiser Sentenced To Two YearsPhillip D. Thomas, 50, appraiser, Kansas City, Missouri, was sentenced to twenty-four months in federal prison and was ordered to pay $6,309,277.20 in restitution for his role in a conspiracy to defraud home buyers and mortgage lenders of millions of dollars. Thomas pled guilty to conspiracy, wire fraud and money laundering on April 27, 2005. Thomas was a real estate appraiser doing business as Thomas Appraisal Service in Kansas City and Lees Summit, Missouri. He did appraisals for Ameriquest Mortgage , Gladstone, Missouri, and Countrywide Home Loans, which …
Thursday, December 14, 2006Second Guilty Plea in $5M Missouri Mortgage FraudDoris J. Taylor, 59, real estate broker, Kansas City, Missouri, pleaded guilty to transferring money obtained illegally through fraud across state lines. Taylor was indicted on April 5, 2006. Mortgage fraud is a serious offense that will be vigorously prosecuted, Missouri United States Attorney Bradley J. Schlozman said, not only because of the direct economic harm suffered by its victims, but also the potential indirect damage such fraud can wreak upon neighborhoods and upon the real estate market. This mother-and-son crime team used false income, inflated appraisals and other deceptions to enrich themselves at others expense. …
Friday, December 01, 2006Kansas Builder Indicted On New ChargesThe First Rule of Holes - When you’re in one, stop digging . . . A grand jury in Topeka, Kansas returned an indictment charging a Kansas City home builder with violating a court order and trying to interfere with a federal investigation. Already under indictment on charges including conspiracy to commit bank fraud and money laundering, F. Jeffrey Miller, 45, Stanley, Kansas, was allowed to continue doing business after agreeing that an outside consultant could monitor his activities on behalf of the court. The new indictment charges that Mr. Miller continued to operate illegally while being monitored, and conspired with others to interfere with the federal investigation into his …
Thursday, November 30, 2006Cease And Desist Orders Pending Against 16 Missiouri Title AgenciesThe Missouri Department of Insurance, Financial Institutions & Professional Registration released information regarding its recent investigations into several St. Louis area title agencies. The findings of this investigation prompted the Consumer Affairs Division of the department to request that Cease and Desist orders be issued to several of the agencies visited. Those agencies are: Assured Title Company, License No. AG00692
Monday, October 16, 2006Three Prior Employees of Ameriquest Sentenced In Missouri Mortgage FraudSentenced Range from One to Three Years for Conspirators of Brent Barber Three mortgage company employees were sentenced in Kansas City, Missouri for their role in a property flipping scheme and mortgage fraud that involved nearly 300 fraudulent loans worth almost $20 million. Roderick Neil Criss, 35, Kansas City, Missouri, formerly the branch manager at Ameriquest Mortgage in Gladstone, Missouri, and president of Express Mortgage, was sentenced to three years and one month in federal prison without parole. The court also ordered Criss to pay $4,553,188 in restitution. Cauncey Calvert, 36, Kansas City, Missouri, formerly an account executive at Ameriquest Mortgage,
Thursday, July 20, 2006False Income Documents and Verifications Underlie Indictment of Missouri CoupleIda Mathis, 52, Kansas City, Missouri, and Larry D. Wills, 50, Kansas City, Missouri, were charged in a two-count indictment returned by a federal grand jury in Kansas City, Missouri for wire fraud and money laundering as part of a fraudulent mortgage transaction. Count One of the federal indictment alleges that Mathis and Wills, aiding and abetting one another, defrauded New Century Mortgage by submitting false documents with a $472,500 loan application in connection with the property located at 100 W. Bannister Rd., Kansas City, Missouri. According to the indictment, …
Tuesday, July 11, 2006Kansas City Real Estate Investor Pleads Guilty In $17.5M Mortgage FraudJeffrey Tyler Wine, 28, real estate investor, Kansas City, Missouri was charged by information and pleaded guilty to a federal information that charges him with mortgage fraud conspiracy and money laundering in connection with a $17.5 million mortgage fraud scheme that involved 280 residential properties. Not only were dozens of financial institutions directly victimized, United States Attorney Bradley J. Schlozman said, but this type of fraud scheme ultimately impacts all consumers. When unscrupulous individuals lie on loan applications and misrepresent the condition of properties, they undermine the integrity of the real estate market and the local economy …
Tuesday, May 02, 2006St Louis Man SentencedPeter Faccaro, 44, St Louis, Missouri, was sentenced to 30 months in prison for wire fraud and misuse of social security number followed by three years supervised release for using false names, social security numbers and other documents to obtain loans to purchase nine properties in St. Louis, Washington, Missouri and Grafton, Illinois. He was also ordered to pay $641,523.66 in restitution. Fraudulent transactions of these kinds have a devastating effect on neighborhoods as they adversely impact property values and increase the foreclosure rates, said United States Attorney Catherine L. Hanaway. Faccaro, utilizing …
Friday, April 21, 2006Former Missouri Charter School President Indicted in Mortgage FraudJames Elliott Coleman, 58, Raytown, Missouri and James Lynn Woolard, 54, Gladstone, Missouri were charged with mortgage and investment fraud. The 11 count indictment alleges that between February 4, 2002 and May 21, 2003, Coleman and Woolard caused mortgage lenders to approve nine fraudulent loans totaling $778,336. Coleman and Woolard allegedly solicited a widow and her daughter to invest in real estate. They prepared false loan applications and supporting documentation to submit to mortgage lenders and caused inflated appraisals to be prepared for the properties, the indictment says. Coleman and
|
TRIAL COVERAGE |
Today's News |