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imageRachel 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. Email Ms. Dollar

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Dollar in the News

June 5, 2009 - Miami Herald
Feds Get Tough on Mortgage Fraud

January 18, 2009 - New York Times
Loan Fraud Seen on the Rise

November 18, 2008 - Willamette Week
House of Gain

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Recent Posts

- Mortgage Fraud Scheme Leads to 83 Count Indictment
- Beazer Homes Settles Accusations of Mortgage and Accounting Fraud
- Closing Agent Indicted for Misappropriating Funds
- Falsified Loan Apps Lead to Criminal Charges
- 4 Indicted For Using Stolen Identities to Obtain Loans
- New Jersey Man Indicted for Mortgage Loan Misreps
- Florida Man Sentenced for Role in $30 Million Mortgage Fraud Scheme
- Ohio Man Charged in Straw Borrower Scam
- Loan Mod Company Ordered to Cease & Desist
- Former Mortgage Broker Pleads Guilty in $1.6 Million Mortgage Fraud Scheme

Illinois

Mortgage Fraud - Illinois

Thursday, May 05, 2005

Chicago Real Estate Story

Click here to watch the NBC-5 Video (Sold Out)

I recently consulted with Phil Rogers of NBC Chicago on an investigative report concerning some activity in the Chicago area.  Follow the above link and chose the “Sold Out” story to watch the video feed. 

   

Wednesday, May 04, 2005

Flip Participants on Trial in Chicago

Two Week Trial Expected for Barren and Bishop

The federal trial of Demetrius Barren and Julian Bishop is proceeding in Chicago and expected to last one to two weeks. Barren and Bishop were indicted in July 2002 along with Carl Miller and Kenneth Washington, in connection with an alleged property flipping scheme in Chicago, Illinois. Witnesses testifying the first day of trial included ...

   

Friday, March 04, 2005

Kemper Employee Indicted for Mortgage Portfolio Theft

Johnson also Subject of Civil Action

Laura Johnson, 47, Crystal Lake, Illinois, was indicted by a Lake County grand jury on charges of stealing $1.5 million from Kemper Insurance Cos., Long Grove, Illinois. Kemper has also filed a civil lawsuit to recover the funds. Johnson was an account manager for Kemper but was laid off in December.

Authorities allege that, from 1999 to 2004, ...

   

Proceeds of Home Sale Misappropriated

Landwer Charged with Theft by Deception

Charles Landwer (South Elgin, Illinois), owner of Accurate Financial Group (Bloomingdale, Illinois) was taken into custody on two counts of exploiting an elderly person and two counts of theft by deception. Police had been searching for Landwer for almost two weeks when he walked into a Kane County courtroom and asked for a bond hearing. 

...

   

Wednesday, March 02, 2005

Appraiser in Kakvand Fraud Pleads Guilty

Groh Admits to Inflating Appraisals

Thomas M. Groh, 57, appraiser, Universal Appraisal Service, pleaded guilty to one count of wire fraud, admitting he inflated appraisals in connection with a mortgage fraud scheme to sell run-down apartment buildings in Chicago, Illinois for amounts in excess of their value. Lenders suffered damages of $11M.  Sentencing is scheduled for June 1,...

   

Monday, February 28, 2005

Mortgage Fraud and Chicago Foreclosures

Press Release of Foreclosures.com

Foreclosures.com issued a press release suggesting that flipping of properties with inflated appraisals and outright fraud on mortgage lenders was a major factor in the persistently high level of foreclosure activity in the Chicago metro area. The company notes high levels of foreclosure filings in Cook County.

   

Friday, February 25, 2005

Chicago Alderman Seeks to Block Development

Company Owned by Wives of Easy Life Principals Seeks Approvals

Alderman Madeline Haithcock has vowed to block a Chicago, Illinois development being proposed Mansion View Development because its principals are the wives of two men who were involved in Easy Life Real Estate System Inc. In 2001, Easy Life paid $1.3M to settle a class action lawsuit concerning the sale of alleged substandard homes to...

   

Friday, February 11, 2005

Illinois Mortgage Fraud Indictment

Gary D. Harpole Accused of Submitting False Tax Returns and Financials

Gary D. Harpole, 58, Daytona Beach, Florida was charged with making a false statement to The First Bank, Quincy, Illinois.  The indictment alleges that Harpole made false statements and willfully overvalued property to influence the bank to refinance a loan in the amount of $228,937 on three properties located in Quincy, Illinois. Harpole ...

   

Wednesday, January 26, 2005

Former Danville Loan Officer Sentenced for Bank Fraud

Urbana, IL - A former loan officer, Charles Boyer, age 45, of 604 Stratford Drive, Washington, Illinois, was sentenced today to a term of 14 months in prison for bank fraud, as announced by Jan Paul Miller, United States Attorney for the Central District of Illinois. Chief U.S. District Judge Michael P. McCuskey also ordered Boyer to pay...

   

Friday, December 10, 2004

Man Facing Mortgage Fraud Charges Shot and Killed

Thomas 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...

   

Thursday, December 09, 2004

Plea Agreement - Shipley

Plea Agreement - Shipley

   

Plea Agreement - McAfee

Plea Agreement - McAfee

   

Two Plead Guilty In Illinois Mortgage Fraud

Admit 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...

   

Friday, October 15, 2004

Kakvand, Groh, Razvi - Chicago, Illinois

3 Indicted in Mortgage Scheme - Chicago Business

Thomas M. Groh, Elgin, Illinois, 57, real estate appraiser (wire fraud, 8 counts bank fraud)
Mohammad Taghie Kakvand, a.k.a. Mike Kakvand, Park Ridge, Illinois, mortgage broker, Residential Realty Development, Inc (wire fraud)
Syed Ali Mohammed Razvi, 39 (wire fraud, 4 counts bank fraud)
Jan Rozycki, a.k.a. Jarek Kozla, was named but was not indicted

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....

   

Monday, October 11, 2004

Disciplinary Proceeding against Belleville, Illinois Appraiser

Dennis Wiese, 36, appraiser, Belleville, Illinois
Gary Knox, 57, businessman, Decatur, 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...

   

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Today's News

Some Sources require Registration.

 

Erie Area Mortgage Broker Gets Prison in Fraud Case
GoErie.com - Erie, PA
Shortly before receiving a nearly three-year federal prison sentence, former mortgage office manager Francis R. Conti told the judge he never meant to defraud any of the homeowners caught up in a widespread local mortgage-fraud scheme.

Three Former Portland-Area Mortgage Brokers Face Fraud Charges
OregonLive.com - Portland, OR
Joel D. Surprenant, Michael Duc Han and Benjamin Lucian Lucescu all were charged with one count of obtaining mortgage loans through materially false and fraudulent pretenses.

Shaker Pair Pleads Guilty to Mortgage Fraud Charges
Cleveland.com - Cleveland, OH
Two Shaker Heights residents recently pleaded guilty to charges involving a mortgage scheme with seven area houses and $3 million in fraudulent loans.

Feds File Charges in Five Mortgage Fraud Cases
Chicago Breaking News - Tribune - Chicago, IL
Federal charges were filed today against 37 people and four companies in five separate mortgage fraud cases.

Feds Fighting Back
Contra Costa Times - Walnut Creek, CA
Mortgage fraud has increased so dramatically in the San Joaquin Valley that a task force of federal, state and local agencies has been formed to fight back.

Private Investigator Sees Rise in Mortgage Fraud Due to Economy
PR Web - Ferndale, WA
In the past 12 months his firm has been retained to conduct over 300 mortgage fraud investigations, a 100% increase from 2007.

Former UGA, NFL Football Player Arthur Marshall Charged With Mortgage Fraud Claims
WJBF-TV - Augusta, GA
He is also accused of defrauding three banks in obtaining loans for seven different properties in Columbia and Richmond Counties.

Cuomo Subpoenas Loan Modification Companies
New York Times - United States
“The entire industry is a scam, in my opinion,” Mr. Cuomo said Tuesday. “These are services that homeowners don’t need to pay for in the first place.”

Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Imperial Valley News - Holtville, CA
Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.

Fed Drug Report: Double Trouble for Metro Chicago
ABC7Chicago.com - IL
...Chicago street gang members run a network of legitimate businesses and have engineered mortgage fraud schemes, both to launder drug proceeds...

Previous Articles

TRIAL COVERAGE

Trial coverage provided by Anne Mitchell, Crazy Fish Realty.

Update - US v. F. Jeffrey Miller, et al.

Miller II: Judge Julie Robinson has ruled in favor of the defense motion granting a continuance for sentencing of the 3 convicted defendants: F. Jeffrey Miller, Steve Vanatta and Hallie Irvin. The three will now be sentenced after ruling on post trial motions set for August 10, 2009.

Vanatta has been in custody for over 2 years.  Vanetta filed a motion for his release pending sentencing. That motion was denied.

Miller remains free pending his sentencing. He has hired a new attorney who filed a motion to delay Miller's sentencing. In one post trial motion, the defense argues as to what assets are subject to seizure.

Defendant Todd Earnshaw is a Kansas City real estate Broker (and brother in law of Miller). Earnshaw has been indicted in what is commonly referred to as Miller I. A trial date for that matter has been set for January, 2010 in Topeka, Kansas.

The Government filed a motion to revoke Earnshaw's bond and remand him to custody while he awaits trial after learning that he allegedly committed the state crimes of Driving Under the Influence, Handicap Parking Violation and Failure to Control Speed to Avoid a Collision while on pretrial release. Notwithstanding finding that probable cause existed to believe that Earnshaw committed the aforementioned state crimes, Judge Robinson denied the motion, but ordered several strict conditions that Earnshaw must follow pending his trial.



More Trial Coverage

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© Copyright 2004-2007 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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