Thursday, December 30, 2004
Happy New Year From Mortgage Fraud Blog!!
Property Thefts in Florida
Man Accused of Forging Quit Claims on Lots Owned by Non-Residents
Thomas Anthony Sandelier, 48, 1500 block of North West Britt Road, Jensen Beach, Florida, was arrested and charged with felony grand theft, identity theft and an organized scheme to defraud charges. According to authorities, Sandelier would search for vacant lots in Port Lucie, Florida (usually owned by Europeans residing out of the country),...
Pennsylvania Mortgage Scam
Civil and Criminal Actions Filed
ABC6 News is reporting that Jason Dahms, Richland Township, PA, filed a lawsuit against Edward Schnable Junior, a Souderton, Pennsylvania mortgage company owner, alleging Schnable swindled him out of $200,000 – apparently by convincing him in 2002 to make a two week loan to a business partner. The paper reports that another lawsuit with similar...
Wednesday, December 29, 2004
Michigan Mortgage Broker Arrested
Accused of Embezzling Loan Proceeds
Daniel P. Meachum, 44, doing business as Your Mortgage Connection at 2232 S. 11th St. in Niles, Michigan, was arrested Monday on felony embezzlement charges. Meachum is alleged to have misappropriated loan proceeds due to at least three borrowers. There may be additional victims.
Tuesday, December 28, 2004
Equity Stripping in Washington D.C.
Civil Lawsuit Filed Against Men Previously Convicted in Connection with Mortgage Fraud
A group of homeowner’s has filed a civil lawsuit in Washington D.C. against Calvin Baltimore, Vincent Abell and five other defendants, alleging they were victims of an equity stripping scheme. The lawsuit claims that the plaintiffs responded to advertisements appealing to homeowners that were facing foreclosure. The defendants paid off the...
Monday, December 27, 2004
Mortgage Fraud Trial Continues in New Jersey
Workers Who Repaired Houses Before Flips Were High on Crack Cocaine
“I hope to be placed on probation,” cooperator Walter Jenkins, the defendant’s father, testified. “If I do have to go to jail, I hope I could get a sentence like Martha Stewart got.”
The Camden, New Jersey trial of Kenneth Jenkins, which began on December 1, 2004, recessed for the holidays on December 22, 2004 and will continue on January 16,...
Friday, December 24, 2004
Happy Holidays from Mortgage Fraud Blog!
We’ll be taking a blogging break over the Holiday weekend. Posting will resume on Monday, December 27, 2004.
HAPPY HOLIDAYS!!!!!!!!!!!!!
Thursday, December 23, 2004
DNA Evidence in Mortgage Fraud Murder
Argument over Mortgage Fraud May Have Led to Killing
A challenge to DNA evidence is being raised in a murder case in Michigan. Apparently the DNA evidence is rather critical to the prosecution’s case. Officials believe that Raed Al-Farah, from Madison Heights, was killed on October 16, 2003 by Bashar Farraj, 30, Detroit and Samar Fawaz, 27, Dearborn Heights, during an argument about a mortgage...
Convicted Felon Works as Loan Officer
NC Banking Commission Can’t Revoke License Until Sentencing Complete
Shawn D. Davis, 34, Clayton, North Carolina is a former financial adviser who pleaded guilty to 16 counts of securities fraud and two counts of embezzlement for bilking clients and is awaiting sentencing. He works as a loan officer for American Mortgage Group Inc. in North Raleigh. Apparently, although the licensing law allows a mortgage loan...
Wednesday, December 22, 2004
DreamLife Financial Owner Arrested
First American Filed Civil Lawsuit Alleging Diversion of Escrow Funds
Tony Daniloo, 30 and his wife, Nansi Masihi Daniloo, 29 were arrested and charged with 41 counts of felony grand theft in Alameda County, California in connection with frauds involving property transactions for specific individuals. Their company, Dreamlife Financial, was shut down last week. The Modesto Bee is reporting that the U.S. District...
Tuesday, December 21, 2004
Mortgage Lenders Network Sues Appraisers and Broker
Click here to view Complaint - Mortgage Lenders Network USA, Inc. v. Adkins Appraisal Services, Inc. et al.
On December 14, 2004, Mortgage Lenders Network USA, Inc. of Middletown, Connecticut filed a civil lawsuit alleging, among other things, violation of the Racketeer Influenced and Corrupt Organizations Act (“RICO”) against the following defendants: Adkins Appraisal Services, Inc., Sylvania, Ohio Debra Adkins, Sylvania, Ohio Jay Riccardi, Toledo,...
Monday, December 20, 2004
Cox Writes Book Detailing Plans
Leaves Behind Trail for FBI to Follow
The St. Petersburg Times has a fascinating article about Matthew Cox, the accused fraudster on the run from the FBI. Apparently, Mr. Cox wrote a 317 page novel entitled The Associates which details the fraud scheme in which he is alleged to have engaged. He wrote the book before perpetrating the scheme and then ran it by friends and colleagues...
Three More Guilty Pleas in Cincinnati Fraud
Loan Officers and Investor Admit Roles in Flipping Scheme
December 15, 2004 - Winn, William Edward - Criminal Information
December 15, 2004 - Winn, William Edward - Plea Agreement
December 15, 2004 - Sweeney, Patrick Thomas - Criminal Information
December 15, 2004 - Sweeney, Patrick Thomas - Plea Agreement
Pleaded guilty in Cincinnati flipping scheme: Patrick Thomas Sweeney, former loan officer with Airline Union’s Mortgage, Springfield, Ohio, two counts of mail fraud William Edward Winn, former loan officer with Airline Union’s Mortgage, Springfield, Ohio, two counts of mail fraud Phillip Jasper, investor, bank fraud In their plea agreements,...
Ardolino and Hutchinson Found Guilty
Jury Reaches Verdict
Michael J. Hutchison, 35, Springfield, MA and Chester J. Ardolino, 37, a former investigator with the Springfield Law Department, Springfield, MA were convicted of fraud and money laundering by a federal jury. Sentencings are set for March 17 and 24, respectively.
Woman Convicted for Diverting Mortgage Fees
Maximum Sentence Imposed Due to Prior Criminal Record
Sharon Wenstrom, 55, Indianaopolis, Indiana, pleaded guilty 15 counts of theft before a Johnson County judge in connection with her diversion of application and appraisal fees on mortgages. She was ordered to repay the money and serve three years in prison. Wenstrom had a prior criminal record, including charges of forgery, fraud and theft. ...
|
Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of 
