|
|||||||||||||||||||||||||||||||||
|
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 |
|||
|
November 27, 2007 - Voice of San Diego
November 23, 2007 - You Tube
November 18, 2007 - Newsday |
|||
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 |
|
- 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 |
CaliforniaMortgage Fraud - CaliforniaThursday, May 15, 2008Sacramento Man Indicted For Multiple SchemesAlexsandr Bernik, 29, Sacramento, California, was indicted on charges of wire fraud, money laundering, and making false statements to federally insured banks to obtain real estate loans. Bernik was previously arrested on April 30, 2008, on a criminal complaint filed in connection with this investigation and was ordered detained as a flight risk. According to Assistant United States Attorney Courtney J. Linn, who is prosecuting the case, the indictment charges that in late 2005, Bernik applied for and obtained loans from federally insured lenders secured by residential real property in the Sacramento, California area. …
Tuesday, May 13, 20087th Defendant To Plead Guilty In Massive Mortgage Fraud SchemeCharles Elliott Fitzgerald, 47, pleaded guilty to one count of conspiracy to commit bank fraud and loan fraud; three counts of bank fraud; one count of organizing, managing, and supervising a continuing financial crimes enterprise; one count of concealment money laundering; and one count of obstruction of justice. Sentencing is scheduled for August 18 before Judge Pregerson. The charges to which Fitzgerald pleaded guilty carry a total statutory maximum penalty of life imprisonment, a fine of $14,000,000, and restitution. The continuing financial crimes enterprise count carries a statutory mandatory minimum penalty of 10 years imprisonment. …Read More...
Thursday, May 01, 2008Women Arrested For Stealing Patient Identity To Obtain LoanErica Kaprice Pollard, 37, Colton, California, was arrested at the Kaiser Permanente Riverside Medical Center, where she was employed as a licensed vocational nurse. Pollard used her position to access the confidential medical records of a 72-year old cancer victim. The information was provided to another suspect identified as Gwendolyn Monique Steele, 39, Fontana, California, who applied for a cash out mortgage refinance loan in the amount of $165,000.00, against the victim’s property located in the city of San Bernardino, California. Steele has been arrested and charged in this case. A second suspect …
Wednesday, April 30, 2008Fraudulent Deed Scheme Equals PrisonSilvestre Cortez, 45, Fontana, California, was sentenced to a felony charge connected to a fraudulent real estate deed. Cortez appeared in San Bernardino County Fontana Superior Court and was sentenced to sixteen (16) months in prison for forgery as part of a plea agreement. He will be placed on parole for approximately 3-4 years when released from custody. Additionally, Cortez was ordered to pay restitution in the amount of $5,000 to the San Bernardino County Recorder’s Office. In 1997, Cortez borrowed $115,000 from the victim for the purchase of her Rialto, California property. …
Unlicensend Loan Officer Sentenced to 15 MonthsSennett H. Swift, 26, Sacramento, California, was sentenced by United States District Judge Lawrence K. Karlton to 15 months in prison. Swift pleaded guilty on January 15, 2008, to felony counts of bank fraud and money laundering. As previously reported by Mortgage Fraud Blog, Swift admitted that he defrauded two homeowners and the corresponding lenders by fraudulently refinancing the two homes. The purpose of Swift‘s fraud was to receive the substantial loan broker commissions. To accomplish this fraud, the defendant solicited these two homeowners and falsely told them that they would receive …
Tuesday, April 29, 2008Guilty Pleas In Scam To Defraud Long Beach MtgIftikhar Ahmad, 36, Stockton, California, pleaded guilty to two counts of mail fraud and one count of engaging in monetary transactions involving criminally derived property. The charges relate to a widespread mortgage fraud scheme centered in the Stockton, California area. According to court documents, Ahmad admitted that from July 2003 through October 2005, he participated in a scheme to defraud Long Beach Mortgage, a wholesale lender, in connection with the sale (and in one instance resale) of 10 residential real properties primarily located in the Stockton, area. Between July 2003 and January 2005, …
Wednesday, April 16, 2008Mortgagetree Dismissed Complaint Against All PartiesMortgageTree Lending dismissed its civil lawsuit with prejudice in the United States District Court for the Central District of California against the following defendants: Scott Dority Read More...
Tuesday, April 15, 2008Man Tries To Obtain A HELOC On Home He RentsEduard Sargsyan, 55, was arrested by special agents with the Federal Bureau of Investigation after completing loan documents to secure a $500,000 home equity line of credit on the house he was renting at a Bank of America branch in Sherman Oaks, California. According to a criminal complaint, during fall of 2007, Sargsyan rented a Valley Village, California home, which was owned by a family trust. In February, 2008, a Trust Transfer Deed was recorded with the Los Angeles County Recorder’s Office, which transferred title of the home to Sargsyan. In March, 2008, …
Thursday, April 10, 2008New Mexico Woman Sentenced in Identity Theft and Real Estate FraudLisa Liberi, aka Lisa Richardson, 42, New Mexico, was sentenced in connection with felony charges involving identity theft and forged documents. Liberi appeared in San Bernardino County, Rancho Cucamonga, Superior Court, on March 21, 2008. She was sentenced to a state prison term of 8 years, imposed but stayed, and placed on supervised probation for 3 years as part of a plea agreement. Liberi was sentenced on ten felony counts ranging from Grand Theft, Forgery, and Filing False Documents. From 2000 to 2004, Liberi engaged in a complex fraud involving falsification of police reports, …
Thursday, March 27, 2008LA FBI Comments On The Latest ScamWhat do you get when you combine two popular rackets these days—identity theft and mortgage fraud? A totally new kind of crime: house stealing. Here’s how it generally works: … The con artists start by picking out a house to steal—say, YOURS.
Wednesday, March 26, 2008California Mortgage Fraud Task Force EstablishedIn recent months, an Eastern District of California Mortgage Fraud Task Force has been established. This action was taken as a result of the significant increase in reported mortgage fraud as economic conditions and the housing market have worsened. Members of the task force include representatives from the U.S. Attorney’s Office, FBI, IRS-CI, the Department of Housing and Urban Development, the United States Bankruptcy Trustee’s Office, and the California Department of Real Estate. ”Mortgage fraud is a very real problem, both legally and economically. Federal law enforcement here in the Eastern District is fully committed to holding responsible …
Tuesday, March 25, 2008Operation Homewrecker Nets 19 Indictments19 individuals were indicted for mortgage fraud-related offenses under Operation Homewrecker. The leader of this nationwide scam is Charles Head, 33, Los Angeles, California, who targeted homeowners in dire financial straits, fraudulently obtaining title to over 100 homes and stole millions of dollars through fraudulently obtained loans and mortgages. Operation Homewrecker is the product of an extensive investigation by the FBI and IRS Criminal Investigation. The charges are broken out into two separate indictments, “Head One” and “Head Two”. Head One involved a foreclosure rescue scam, netting approximately $6.7 million in fraudulently obtained funds taken from 47 …
3 Arrested In Straw Borrower SchemeMaria Santa, 33; Virgil Santa, 35; and Candit Sava, Jr., 26, all of Sacramento, California, were arrested on charges of mortgage fraud. A criminal Complaint was filed in federal court against the three defendants on March 17, 2008. The complaint alleges that beginning in November 2006, Maria Santa and Candit Sava prepared and submitted loan applications containing false statements as to employment and monthly income, and other false information, of a straw purchaser in order to purchase houses in the name of the straw purchaser. The complaint further alleges that
Monday, March 24, 2008Dorean Group Principals Are SentencedDale Scott Heineman, 48, Union City, California was sentenced by U.S. District Court Judge William Alsup to a prison term of 21 years, eight months and Kurt F. Johnson, 45, Sunnyvale, California to a 25-year term after a jury convicted them in November, 2007 of 35 counts of mail fraud. As previously reported by Mortgage Fraud Blog, Dale Scott Heineman and Kurt F. Johnson, principals with the Dorean Group, were found guilty by a federal jury of all remaining counts in the indictment. Heineman, and
Former NFL Player Arrested For Wire FraudReed Kyle Diehl, 29, Coto de Caza, California, was arrested without incident by special agents of the Federal Bureau of Investigation. The arrest was pursuant to a complaint filed in United States District Court in Santa Ana, California that charges Diehl with wire fraud in connection with an offer to secure a line of credit. According to the affidavit in support of the complaint, Diehl told the victim, a Chicago, Illinois housing developer, that he could secure a $24 million line of credit if the victim deposited $2.5 million into a designated account …
|
Fraud Angels |
Don't Miss the Newest Fraud Flick  |
ORDER NOW!! |
 
|
Today's News |
What's Your Opinion? |
|
|
|
|
© Copyright 2004-2007 Rachel M. Dollar
Legal Disclaimer.     Blog Directory
  
|