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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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- 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 - Virigina Man Pleads Guilty To Mortgage Fraud - New Yorkers Net 2 Years For Loan Misreps - 2 Guilty Pleas In Straw Buyer Scheme - Woman Sentenced To 2 Years For Mortgage Fraud - 2 Plead Guilty In Scheme To Defraud Lenders - Title Company Owner Pleads Guilty to Misreps |
New YorkMortgage Fraud - New YorkThursday, May 08, 2008New Yorkers Net 2 Years For Loan MisrepsMatthew J. Kupic, 38, and Francis Thomas Disonell, 38, both of Clifton Park, New York, were sentenced before the Honorable Gary L. Sharpe in United States District Court in Albany, N.Y., for their participation in a mortgage and tax fraud scheme. Both defendants were sentenced to a term of imprisonment of 24 months. Judge Sharpe further ordered the defendants to pay restitution in the amount of $887,311.57 to the victim banks, and ordered that each defendant forfeit over $600,000 in the fraudulent mortgage proceeds that they obtained from the mortgage fraud scheme. Nearly a year ago, …
Friday, May 02, 20084 Indicted In Multi Million Dollar Fraud SchemeDominick Devito and Robert Didonato were charged in a superceding indictment with participating in a wide-ranging scheme to commit mortgage fraud, and Devito, Didonato, John Liscio, and Louis Cordasco, Jr. were charged with participating in an associated insurance fraud scheme. Devito is also charged with obstruction of justice. According to the superseding Indictment filed in Manhattan federal court: From January 2002 through November 2004, Devito was the leader of a fraudulent real estate investment scheme, which had as its primary objective the purchase of multimillion-dollar residential properties in various communities in
Wednesday, April 09, 2008Florida Man Pleads Guilty To Mortgage ScamAllen Plowden, a/k/a “Jay”, 42, North Miami, Florida, pleaded guilty to conspiracy to commit mail fraud and bank fraud arising out of a scheme to defraud financial intuitions—including Countrywide Financial and NovaStar Mortgage—out of over 2 million dollars in a phony home mortgage scheme. According to the Information to which Plowden pleaded guilty, other documents filed in this case, and statements made at Plowden’s guilty plea proceeding: Plowden and his co-conspirators defrauded financial institutions by applying for bogus home loans, the proceeds of which were withdrawn via numerous ATM transactions in the …
Friday, March 07, 2008President Of Real Estate Investment Firm Pleads GuiltyWilson James Baston, JR., a/k/a Wil James, a/k/a Will James, 46, pleaded guilty to mail fraud and wire fraud charges in connection with a scheme which defrauded victims out of millions of dollars. The victims invested funds in Will James Equity Partners, Inc., which purported to be a real estate investment program that purchased distressed properties in the New York City area as investment vehicles for long and short-term investors. As previously reported by Mortgage Fraud Blog, and according to statements made during the guilty plea proceeding: From 2002 to the …
Tuesday, March 04, 2008NY AG Reaches Agreement To Prohibit Appraisal CoercionFannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have entered into cooperation agreements with Attorney General Andrew M. Cuomo requiring them to only buy loans from banks that meet new standards designed to ensure independent and reliable appraisals.
Monday, February 11, 2008NY Realtor And Broker Charged With Identity TheftElba A. Garcia, 50, Elmhurst, New York, and Yanet Salazar a.k.a. Janet Salazar, 35, Queens Village, New York, have been charged with stealing the personal identity of a former client to purchase a Brooklyn, New York property. It is alleged that they initially tried to get her to participate in the scheme, then used her identity after she refused. The District Attorney said that the investigation began in August 2007 when Queens resident Aurora Solano received notice in the mail indicating that a mortgage for $589,000 had been issued in her name and that …
Man Uses Fake Power of Attorney to Refi NY CondoShih Siang Shawn Liao, 31, Manhattan, New York, an international businessman, has been charged with using a forged power of attorney to unlawfully obtain a $360,000 mortgage on his mother-in-law’s condominium in the Little Neck section of Queens, New York. The District Attorney identified the defendant as Liao, who is the founder and president of Hydra Buildings with offices in Manhattan and extensive business dealings in London and Hong Kong, was arraigned before Queens Criminal Court Judge Gene Lopez on charges of second-degree grand larceny, second-degree criminal possession of stolen property, second-degree criminal …
Friday, February 08, 2008Brothers Charged With LarcenyMoses Brach, 30, 182 Lynch Street, Brooklyn, and his brother, Joel Brach, 27, 137-68th 70th Avenue, Flushing, both of New York, have been charged with fraudulently selling the Cambria Heights, New York residence out from under a retired New York City correction officer suffering from dementia and stealing hundreds of thousands of dollars in the home’s equity. One of the brothers is in custody and the other is believed to have fled to Israel and is presently being sought internationally. Moses Brach, who is employed at the family-owned 18th Avenue Kosher Fish Store …
Thursday, January 24, 2008Scam Artist Pleads Guilty to $1.6M Real Estate FraudCarla Zimbalist, Beverly Hills, California, and Pam Chanla, also known as Sayasith Khammanivong, Alhambra, California, sole partners in CPM Holdings Inc., PMC Interests, Inc., and Scott Avenue Development, Inc., were indicted on charges of grand larceny and securities fraud for stealing money from twenty-three investors. Zimbalist and Chanla found these investors through Jennifer Wilkov, Brooklyn, Ney York, who at the time was a financial advisor at American Express Financial Advisors. Wilkov used her position to solicit her clients and others for this investment. Wilkov has pleaded guilty to the charges. …Read More...
Friday, December 21, 2007Man Who Defrauded NY Bank Sentenced To 1 DayJames J. Licata, 54, Bradenton, Florida, formerly of Greenwich, Connecticut, was sentenced in New Haven, Connecticut, to one day of imprisonment and four years of supervised release, the first six months of which Licata must spend confined to his home. The Judge also ordered Licata to pay a fine in the amount of $3000. On September 28, 2007, Licata pleaded guilty to Count One of a Superseding Indictment, which alleged that he had engaged in a scheme to defraud Roslyn Savings Bank, Jericho, New York. The Superseding Indictment alleged that Licata sought and obtained …
Thursday, December 06, 20076 Charged in NY Foreclosure Rescue SchemeMaurice McDowall, Andrea Moore, Aleksander Lipkin, a/k/a “Alex”, Marina Dubin, Kerri Clarke, and Michael Irving were charged with participating in a wide-ranging “home foreclosure rescue” scheme, in which they defrauded homeowners of the titles to their homes and caused lenders to hold millions of dollars of bad loans. Moore, Lipkin, Dubin, and Irving were arrested earlier today, and McDowall was arrested on the charges earlier in Puerto Rico. Clarke remains at large. According to the Indictment filed in Manhattan federal court: From November 2003 through April 2005, the defendants …
Wednesday, December 05, 2007NY Attorney Steals Down PaymentJoseph Levine, 59, Hewlett, New York, a recently disbarred attorney has been arrested and charged with stealing more than $300,000 from two clients he was hired to represent in legal matters during the past year. Levine faces felony counts of Grand Larceny in the Second and Third Degrees, and two counts of Criminal Possession of a Forged Instrument in the Second Degree. In May 2007, an Elmont, New York woman was in the process of buying a home when her real estate agent recommended several attorneys that would be able to draw up the contract of …
Monday, December 03, 2007Federal Employee Creates SSNSeerojnie Mohan, 40, 10 Bass Pond Drive, Roslyn, Long Island, Carolyn Dixon, 49, 110-18 153rd Street, Doodnath Siewsanker, 48, 94-18 114th Street and Ramesh Hardial, 43, 196-21 90th Avenue, all of Queens. The four defendants were arraigned before Queens Criminal Court Judge Ira Margulies on charges of second-degree grand larceny, second-degree forgery, first-degree tampering with public records, first-degree identity theft, computer trespass, first-degree falsifying business records and first-degree offering a false instrument for filing. The defendants Dixon and Mohan were ordered held on $50,000 bail, and the defendants Siewsanker and Hardial were released on …
Friday, November 30, 20072 NY Real Estate Attorneys Steal $200,000Arelia Taveras, 46, Bloomington, Minnesota, and Mark Jacobs, 58, Glen Head, New York. Taveras, who is accused of stealing a total of $99,142 from four clients, is charged with three counts of third-degree grand larceny, second-degree forgery, first-degree offering a false instrument for filing and scheme to defraud. Jacobs is charged with second-degree grand larceny for allegedly stealing $91,564 from a client. If convicted, Taveras faces up to seven years in prison and Jacobs faces up to 15 years in prison. District Attorney Brown said that, according to a criminal complaint,
Tuesday, November 20, 2007New York Lawyer Sentenced For Defrauding BanksAnthony Belletteiri, a real estate lawyer and former partner in the now defunct Westchester, New York law firm of Bellettieri, Fonte & Laudonio, P.C. (BF&L), was sentenced in White Plains, New York federal court to 121 months in prison for having defrauded numerous banks and clients of tens of millions of dollars through an elaborate scheme involving BF&L’s corporate and escrow bank accounts. According to statements in court, court papers and prior proceedings, BF&L was the receiving and disbursing agent for numerous banks and financial institutions, and in that capacity it regularly received …
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