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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.
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July 13, 2008 - Tampa Tribune
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- 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 - Fairfax Man Pleads Guilty in $33 Million Mortgage Fraud Case |
IllinoisMortgage Fraud - IllinoisFriday, December 10, 2004Man Facing Mortgage Fraud Charges Shot and KilledThomas Fazy Indicted in 2002 and 2004 Thomas Fazy, 49, Oak Forest, Illinois, was shot and killed in the offices of Allied Mortgage at 3824 W. 147th St., Midlothian, Illinois. Court records reflect that Fazy, his wife Julie, 41, and Craig Hendrick, 68, were involved in scams where they obtained mortgage loans in Crestwood, Naperville and DuPage Counties using the identities of recently-deceased people. The three were indicted, along with a fourth person, by the Illinois Attorney General in 2002 based on flips of at least seven homes. The Fazys were again indicted in February 2004 based on allegations …
Thursday, December 09, 2004Plea Agreement - Shipley mortgage fraud
Plea Agreement - McAfeemortgage fraud
Two Plead Guilty In Illinois Mortgage FraudAdmit to Falsifying Bank Official Signatures - Plea Agreements Available Randolph McAfee, 38, Springfield and Darrin Shipley, 37, Peoria, pleaded guilty in federal court Wednesday in connection with a mortgage fraud scheme that involved over 100 properties in Springfield, Decatur and Peoria, Illinois and causes losses to mortgage companies estimated at $500,000 to $800,000. McAfee and Shipley would buy distressed properties though a company known as Central Illinois Real Estate Inc. They would advertise that they could sell properties with no money down. At times, they would represent that they owned properties they didnt actually own and arrange to purchase …
Friday, October 15, 2004Kakvand, Groh, Razvi - Chicago, Illinois3 Indicted in Mortgage Scheme - Chicago Business
Thomas M. Groh, Elgin, Illinois, 57, real estate appraiser (wire fraud, 8 counts bank fraud)
The defendants were indicted in the Northern District of Illinois for their roles in a mortgage fraud scheme. Prosecutors allege that Mohammad Taghie Kakvand, a.k.a. Mike Kakvand would buy apartment houses through Residential Realty Development, Inc. and obtain loans for buyers of his condominiums through brokerages that he owned. Thomas M. Groh allegedly prepared false appraisals that overvalued and misrepresented the condition of the properties. An arrest warrant was also issued for Syed Ali Mohammed Razvi. Jan Rozycki, a.k.a. Jarek Kozla, who recently pleaded guilty in a separate mortgage fraud case in Rockford, …
Monday, October 11, 2004Disciplinary Proceeding against Belleville, Illinois AppraiserDennis Wiese, 36, appraiser, Belleville, Illinois
Dennis Wiese, 36, is scheduled to appear for a public hearing on October 19, in Chicago, Illinois, on a complaint filed against him by the state Division of Banks and Real Estate of the Department of Financial and Professional Regulation. A ten count complaint filed against Weise by the state Department of Financial and Professional Regulation in April accuses Wiese of violating professional standards by providing erroneous appraisals on at least eight homes sold by Gary Knox, 57, a businessman from Decatur, Illinois and of violating ethical standards by failing to disclose his financial …
Thursday, October 07, 2004Uramowska, Chicago, IllinoisClick here to view the Uramowska Plea Agreement Julita Uramowska, aka Julie Smalley, 31, of Western Springs, (Chicago Area), Illinois pleaded guilty to one count of wire fraud in a Rockford federal court in connection with a scheme to defraud mortgage lenders and title companies out of approximately $9.6 million. Uramowska worked at a mortgage-brokerage company and arranged financing for a person posing as a buyer of a home. Four other defendants have also pleaded guilty in the scheme:
Friday, October 01, 2004Mortgage Fraud or Tide, Chicago, ILThe Chicago Police have revealed that they are investigating a mortagage fraud scheme being perpetrated in Chicago, Illinois. The investigation is known as “Operation This Old House.” According to police statements, Police discovered that gangs are using real estate transactions to launder money.
Of course, this isn’t the first time the industry has seen …
Tuesday, September 28, 2004Recko Pleads Guilty in IllinoisClick here to view the guilty plea Zbigniew Recko, aka Robert Karolkiewicz, aka Tomasz Wozny, aka Tomasz Romanzuk, aka Tomasz Godowski aka Bradley Anatol Wawreniuk aka Roman Parczewski plead guilty to one count of wire fraud in connection with an Illinois mortgage fraud scheme. He was indicted, along with 10 other people, in April 2004 in connection with a scheme that resulted in lender losses of $9.6M. The charge carries a maximum penalty of 30 years imprisonment. In his guilty plea, he admitted that he participated in a scheme to defraud lenders between March and September 2003. As …
Thursday, September 23, 2004More Mortgage Fraud Schemes: Illinois, Colorado, MissouriChicago, 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.
Tuesday, September 14, 2004Marek Maka, South Barrington, IllinoisWho: mortgage fraud
Thursday, August 26, 2004Rozycka Enters Guilty PleaIllinois Mortgage Fraud Mastermind Admits Role Jan Rozycka plead guilty to two counts of wire fraud in U.S. District Court. He was indicted, along with 10 other people, in April 2004. Rozycka was the alleged mastermind of an Illinois mortgage fraud scheme that resulted in lender losses of $9.6M. In his plea he admitted to devising a scheme to defraud lenders. He located and paid straw buyers and sellers to participate in fraudulent real estate transactions and provided them with false identification. He further admits that he solicited mortgage brokers to arrange for financing. The mortgage brokers were often aware they were …
Tuesday, June 08, 2004Kondrad Pleads Guilty In Illinois Mortgage FraudClick here to view the plea agreement. Ignacy Kondrad, 48, Chicago, Illinois, plead guilty to one count of money laundering in a Rockford federal court in connection with a scheme to defraud mortgage lenders and title companies out of approximately $9.6 million. Kondrad admitted to opening bank accounts, sometimes under false names, and using the accounts for depositing the proceeds of fraudulent mortgage transactions. At times the funds in the account were used as down payments for other fraudulent mortgage transactions. mortgage fraud
Thursday, April 08, 2004Eleven Indicted in Illinois Mortgage Fraud SchemeClick here to view the indictment An Illinois grand jury indicted the following individuals: Jan Rozycka, aka Jan Rozycki, aka John Hanus, aka Jarek, aka John Krzinski
Wednesday, August 13, 2003Former Springfield Attorney Sentenced to 46 Months in Prison for FraudFormer Springfield, Illinois attorney Mark K. Vincent was sentenced to a term of 46 months imprisonment, as announced by Jan Paul Miller, United States Attorney for the Central District of Illinois. Senior U.S. District Judge Richard Mills also ordered that Vincent pay restitution in the amount of $684,475.97 to victims of his fraud. Judge Mills allowed Vincent 60 days to self-report to the federal Bureau of Prisons to begin serving his prison sentence. Upon release from prison, Vincent was ordered to serve five years supervised release. In December 2002, a federal jury convicted
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