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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

Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.



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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

Tuesday, November 22, 2005

Guilty Plea in Mortgage Fraud Case Against Former Congressional Candidate

Myers Admits Assisting Taff

John Myers, 49, Leawood, Kansas plead guilty to one count of wire fraud in connection with allegations that he assisted co-defendant and former congressional candidate, Adam Taff, fraudulently obtain a mortgage.

Myers, the owner of National Mortgage Company, signed a contract to sell his home in Lake Quivira to Taff for $1.2 million. According...

   

Monday, November 21, 2005

Jury Verdict for SouthStar in Civil Lawsuit Against Appraiser

SouthStar Funding, LLC obtained a $150,000 jury verdict against Oyedele S. Oyewole, a Georgia appraiser on November 16, 2005.  According to the underlying complaint filed in the action, SouthStar relied on appraisals of Oyewole in funding two loans in July 2003: One for borrower Olanrewaj Tejuoso for property located at 27 Joseph E. Lowery...

   

Friday, November 18, 2005

Massachusetts Deed Scam Nets Guilty Plea

Hasan Hussain, 44, Westboro, Massachusetts, pleaded guilty to conspiracy, mail fraud and witness tampering in connection with his role in a deed scam. 

According to the indictment, Hussain participated in a scheme where they identified properties whose owners had died and/or that were subject to tax delinquencies.  They then located straw buyers...

   

Two New York Attorneys Charged in Unrelated Cases

Michael Larry Goldman, 51, attorney, East Rockaway, New York was charged with grand larceny.  Goldman was a partner in Goldman and Rio, Manhattan.

According to authorities, in early 2004, Goldman represented the sellers of a house in Glen Cove, Long Island. The prospective buyer successfully bid on the house and gave Goldman a check for $43,000...

   

Mortgage Company Employee Accused of Approving his Own Mortgage

Lederman Forged Co-Worker’s Signature

Neil Lederman, 50, Centreville, Virginia was charged with two counts of forgery in connection with allegations that he forged the signature of a co-worker on Ledermans own mortgage approval.

According to media reports, statements by an officer in an affidavit in support of the warrant to search Ledermans townhouse claimed:

In September 2004, ...

   

Thursday, November 17, 2005

One Guilty Verdict and One Acquittal in Ohio Mortgage Fraud Trial

Indictment Alleges Defendant Submitted False Documents to Lenders

The owner of a Fremont, Ohio mortgage company was convicted by a jury on all charges in a pending federal mortgage fraud trial where is alleged that clients were coaxed to lie to lenders in order to obtain mortgages. 

Roberta Littelmann, owner of Firelands Mortgage Inc., 1204 W. State St., Fremont, Ohio was convicted of seven counts of wire...

   

Colorado Shuts Down Sham Title Insurance Agencies

Agencies Created as Vehicles to Provide Kick-Backs to Brokers

The Colorado Division of Insurance closed down 11 ?sham? title insurance agencies this week. The Division asserted that the agencies were created as vehicles to provide kickbacks to mortgage brokers. In addition, the Division suspended the license of the title agent identified as the companies? responsible producer.

According to the Division, ...

   

California Woman Arrested in use of Stolen Identities

Ondeya Marks Redeemer was arrested in Corona, California in connection with allegations that her company and its employees were not properly licensed and that she used 5 stolen identities to purchase or re-finance 4 properties. The estimated loss exceeds $2.5 million.

On October 4, 2005, members of the Corona Police Department Investigations...

   

Tuesday, November 15, 2005

Four Indicted in $2 Million Dallas Mortgage Fraud Scheme

Four men were indicted in Dallas, Texas in connection with an alleged mortgage fraud scheme involving approximately $2 million in fraudulent loans. The indictment, handed down by a grand jury in the Northern District of Texas, charges seven counts of conspiracy, mail fraud, wire fraud and bank fraud against the following individuals:

Charles...

   

Myrtle Beach Sees Increasing Tide of Mortgage Fraud

The Sun News of Myrtle Beach, South Carolina has been running a series on mortgage fraud in their area.  The initial stories appeared October 23 with follow-ups on November 13.  Further stories are expected. 

So far, the following stories have been featured:

Bank-account boosts help secure mortgages, by David Wren, The Sun News - November 13,...

   

Monday, November 14, 2005

Hawaii Man Sentenced to Six Years in Texas Mortgage Fraud

George Eric Cardona, Hawaii, was sentenced to seventy five months in prison and ordered to pay $1,012,386.58 in restitution in connection with his role in a Texas mortgage fraud scheme that resulted in over $1 million in losses to 50 victims.  Cardona pleaded guilty in January to one count of mail fraud and one count of money laundering.  He...

   

California Man Pleads Guilty in Identity Theft

Maldonado Vidal Martiniano (a.k.a. Vidal Maldonado), ,66, Oxnard, California pleaded guilty to identity theft, grand theft and forgery.

Maldonado admitted to purchasing a $350,000 house in Oxnard, California with his son-in-law, Angel Velasco, 30, in May 2003 using the stolen identity of another person. 

   

Jury Convicts Defendants in Texas Mortgage Fraud

A federal jury in the Northern District of Texas convicted defendants Tam Nguyen, Xuyen Nguyen, and Myna Tran on all counts charged in a mortgage fraud indictment following a two-week jury trial.  The scheme operated in the Dallas, Texas area.

The jury convicted Tam Nguyen on one count of conspiracy, 12 counts of wire fraud, two counts of mail...

   

Thursday, November 10, 2005

Former Title Company VP Pleads Guilty

Thomas Kurzenberger Jr., 37, Ballwin, Missouri, the former vice-president of Title Insurers Agency, Inc., 226 South Meramec Avenue, Suite 200, Clayton, Missouri, was charged by information and pled guilty to one count of mail fraud in connection with allegations that he diverted almost $2.8 million from title company escrow accounts.

According...

   

Seven Indicted in Louisiana Mortgage Fraud Scheme

Seven individuals were indicted in Louisiana in connection with a mortgage fraud scheme in the Lafayette, Louisiana area that involved over 50 properties.  The indictment alleges 65 counts of conspiracy, bank fraud and mail fraud against the following individuals:

Anthony T Grishby, mortgage broker, Lafayette, Louisiana

Howard McZeal, appraiser,...

   

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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.



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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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