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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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November 27, 2007 - Voice of San Diego
November 23, 2007 - You Tube
November 18, 2007 - Newsday |
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Recent Posts |
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- 2 Year Sentence Plus Restitution For Fraudster - Sacramento Man Indicted For Multiple Schemes - Government Drops Remaining Charges Against Sharpe James - Olympia Mortgage Principals Indicted - 7th Defendant To Plead Guilty In Massive Mortgage Fraud Scheme - 2 Sentenced In Downpayment Loan Scheme - Maryland Man Heads To Prison For Defrauding Lenders - Husband And Wife Convicted For Real Estate Fraud - Loan Originator Sentenced For Straw Buyer Scheme - Idaho Dept of Finance Issues Shuts Down Bait And Switch Scheme |
MarylandMortgage Fraud - MarylandMonday, May 12, 2008Maryland Man Heads To Prison For Defrauding LendersDavid Lincoln, 38, Baltimore, Maryland, was sentenced to 15 months in prison, followed by three years of supervised release for wire fraud arising from a mortgage fraud scheme in Maryland and Florida. As previously reported by Mortgage Fraud Blog, Lincoln and co-defendant Rachel Donegan, an attorney, worked at 1st Metropolitan Mortgage and Guilford Title and Escrow in Baltimore, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements, from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and
Husband And Wife Convicted For Real Estate FraudPatricia Omondi, 39, and her husband Boureima Sanfo, 47, both of Woodbridge, Virginia, were convicted by a federal jury on eight counts of interstate transportation of property obtained by fraud, three counts of money laundering and one count of obstruction of justice in connection with a scheme to defraud residential lot buyers. As previously reported by Mortgage Fraud Blog and according to testimony presented during the three week trial, Omondi was the president of Raycha Homes, also known as Construction Consulting and Management (CCM), a home builder located on Old …
Monday, May 05, 20082 Plead Guilty In Scheme To Defraud LendersKolawole Aminu, 45, a Nigerian national, pleaded guilty to conspiring to make a false statement in connection with a scheme to defraud a mortgage lender. Oyekunle Ikudayisi, 39, White Plains, Maryland, pleaded guilty to the same charge on April 23, 2008. According to court documents (their plea agreements are currently sealed), Aminu and Ikudayisi conspired with others to purchase properties from a company owned by a co-conspirator. Aminu and Ikudayisi obtained mortgage loans for the properties in their own names, using their good credit histories. The co-conspirator, however, was responsible for making …
Monday, March 10, 2008Maryland Man Sentenced For Identity TheftDavid Aaron Rice, 29, Baltimore, Maryland, was sentenced by U.S. District Judge Andre M. Davis to 51 months in prison, followed by five years of supervised release and restitution in the amount of $64,536, for mail fraud and aggravated identity theft. Judge Davis previously sentenced Rice‘s co-defendant Ronald Steven Williams, II, 33, Severn, Maryland to 75 months in prison for mail fraud and aggravated identity theft. According to his guilty plea, from 2001 to 2006, Rice and co-defendant Ronald Williams used the social security numbers and identities of others without their knowledge to …
Monday, March 03, 2008Maryland Mortgage Broker Convicted On All ChargesRobin Neil Snyder, 55, Pikesville, Maryland, and Mortgage Bankers, Ltd. were convicted of 13 counts of wire fraud, money laundering and obstructing justice arising from a scheme to defraud commercial loan applicants. As previously reported by Mortgage Fraud Blog, and according to evidence presented during the three week trial, Snyder, a licensed mortgage broker, owned and operated Mortgage Bankers, Ltd., originally located in Baltimore and relocated to Owings Mills, Maryland in 2005. From about March 2002 to January 2006, Snyder used internet websites to advertise and solicit customers for his lending …
Tuesday, January 08, 2008Would Be Fraudster Caught Before StrikingRobert Michael Stewart, 26, Timonium, Maryland, was sentenced to 66 months in prison followed by three years of supervised release for fraud in connection with identity theft and aggravated identity theft in a scheme to sell stolen personal and financial information. According to the plea agreement, Stewart sought to sell 325 folders of personal and financial information of individuals who had previously obtained a mortgage. He gained or had access to this information from his employment at a Pikesville, Maryland mortgage company. In January 2007, Stewart had approximately 200 folders at his residence, which he …
Thursday, November 08, 2007MD AG Sues Foreclosure Services ProviderMichael K. Lewis, Earnest Lewis, Cheryl Lynn Brooke, Winston Thomas, and two companies, In the House Technologies based in Upper Marlboro and Cornerstone Title & Escrow based in Laurel were sued by Maryland Attorney General Douglas F. Gansler in Baltimore City Circuit Court, Maryland, for alleging violating numerous laws in the course of providing services to homeowners who were facing foreclosure. The complaint alleges that the defendants market their services to homeowners who are facing foreclosure or are in foreclosure, falsely promising that they can help save the consumers’ homes. Instead of helping homeowners retain …
Wednesday, October 10, 2007Settlement Agent Sentenced for Converting Closing FundsRebecca Biglow, 35, Upper Marlboro, Maryland, was sentenced to 24 months in prison followed by 5 years of supervised release for bank fraud, announced United States Attorney for the District of Maryland Rod J. Rosenstein. According to her guilty plea and resulting judgment, Biglow used her employment as a loan funder at a settlement company in Greenbelt, Mayland, from June 2005 to May 2006, to gain access to settlement files and find checks payable to the creditors of the company’s clients that had not been negotiated or cleared. She would then void the checks, …
Monday, August 27, 2007Maryland Attorney & Broker Plead Guilty to Mortgage Fraud SchemeRachel Donegan, 37, and David Lincoln, 37, Baltimore, Maryland, pled guilty to wire fraud arising from a mortgage fraud scheme. Donegan and Lincoln worked at 1st Metropolitan Mortgage and Guilford Title and Escrow, located in Baltimore, Maryland, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements (Donegan plea, Lincoln plea), from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and Shawn Michael Green in a scheme to wire mortgage applications to mortgage companies which contained false …
Tuesday, August 07, 2007Conspirator Sentenced to 5 Years in Identity Theft SchemeMichael James Brooker, 52, Fort Washington, Maryland, was sentenced to five years in prison followed by three years of supervised release for conspiracy to commit identity theft and obstruction of justice. The District Court Judge also ordered Brooker to pay restitution of $78,597.10. Conspiracy to Commit Identity Theft According to his and co-conspirators guilty pleas, from May 2003 to February 2004 Brooker and Theo Gerome Myers sought to enrich themselves by fabricating and filing deeds that transferred title to real estate in Maryland and the District of Columbia from the …
Thursday, August 02, 2007Class Action Initiated Against 14 Maryland Defendants for FraudA class action was initiated for an alleged foreclosure rescue scam against: Metropolitan Money Store Corp., Lanham, Maryland;
Friday, June 29, 20073 Indicted in Maryland for Purchasing Identities Stolen from Mortgage CompanyNekia Ishawn Hunter, 28; Lavon Caldwell, 25; and Faye Marie Jones, 51, Baltimore, Maryland, were indicted for conspiring to commit bank fraud and aggravated identity theft arising from a scheme to use stolen personal identity information to fraudulently purchase merchandise and cars. According to the 11-count indictment, from August to December 2006, the defendants purchased credit reports stolen from a Baltimore mortgage company containing the names, social security numbers and other personal identification information of persons who had applied for mortgages. Hunter allegedly produced fraudulent driver’s licenses in the names of the …
Thursday, April 26, 2007Husband and Wife Indicted in Home Building Fraud SchemePatricia Omondi, 38, and her husband Boureima Sanfo, 47, Woodbridge, Virginia, were indicted by a federal grand jury on charges of interstate transportation of property obtained by fraud, money laundering and obstruction of justice in connection with a scheme to defraud residential lot buyers. According to the 13-count indictment, Omondi was the president of Raycha Homes, also known as Construction Consulting and Management (CCM), a home builder located on Old Bridge Road, Woodbridge, Virginia. Sanfo was a loan officer for CCM and Allstate Mortgage. From November 2004 to December 2005, the …
Tuesday, April 10, 2007Maryland Accountant Pleads Guilty to Real Estate Investment FraudJohn R. Ring, Jr., 25, Bluffton, South Carolina, formerly of Ellicott City, Maryland, pled guilty to wire fraud in connection with a scheme to defraud investors and partners at his employer’s accounting firm. According to the guilty plea, Ring was employed as an accountant at Fisher-Ring, LLC, an accounting firm headquartered in Columbia, Maryland. One of the two partners of the firm is Ring’s uncle. From November 2005 to July 2006 Ring defrauded several clients of Fisher-Ring, acquaintances through his church, and others, as well as the firm and its partners, of …
Tuesday, April 03, 2007Maryland Mortgage Broker Indicted in Commercial Loan FraudRobin Neil Snyder, mortgage broker, 56, Reisterstown, Maryland, and Mortgage Bankers, Ltd. were indicted by a federal grand jury for wire fraud and money laundering arising from a scheme to defraud commercial loan applicants. According to the 17-count indictment, Snyder owned and operated Mortgage Bankers, Ltd., originally located in Baltimore, Maryland and relocated to Owings Mills, Maryland in 2005. From about March 2002 to January 2006, Snyder used internet websites to advertise and solicit customers for his lending businesses, and promote Mortgage Bankers as a commercial lender capable of providing “difficult” or …
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