|
|||||||||||||||||||||||||||||||||
|
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 |
|
- Guilty Plea In Conspiracy To Inflate Property Values - 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 |
Wednesday, April 23, 20085 Sentenced To Federal Prison For Mortgage FraudVirginia Rose Novrit, 67, Hilton Head, South Carolina, Clarence Lorenzo Davis, 68, Hilton Head, South Carolina, Gregory Jerome Wings, Jr., 25, Atlanta, Georgia, Olympia D. Ammons, 31, St. Louis, Missouri, and Ronald Denzil Martin, Jr., 37, Lithonia, Georgia, were sentenced on charges of conspiracy, bank fraud, wire fraud, and money laundering related to a multi-million dollar mortgage fraud scheme. According to United States Attorney Nahmias and the information presented in court: From late 2004 through early 2006, Novrit, Davis, Wings, Ammons, and Martin participated in a mortgage fraud scheme that involved …
Tuesday, April 22, 20082 Mortgage Fraud Defendants Violate Terms of ReleaseWildor Washington, Jr. and Victoria Bennett were taken into custody after Magistrate Judge David J. Waxse ruled in favor of a motion to revoke their bonds. Washington and Bennett were charged in November 2007 in an indictment alleging that Washington, Bennett and four co-defendants took part in a mortgage fraud scheme through businesses Washington owned including Heritage Financial Investments, Legacy Enterprises, B&L Custom Development and Liberty Escrow. According to the indictment, Hamilton and the conspirators prepared fraudulent loan applications and submitted them to lenders in Kansas, Texas, Ohio, Missouri …
200 Foreclosure Rescue Victims Will Receive RefundsApproximately 200 Washington consumers who paid for a service that they thought would help save their homes from foreclosure will receive partial refunds under a new settlement announced by the Washington Attorney General’s Office. The homeowners each paid $1,200-$1,500 to Foreclosure Assistance Solutions LLC, of Clearwater, Florida. More than 70 percent of homeowners who signed up with Foreclosure Assistance Solutions ended up losing their homes anyway. The company went out of business in fall 2007. “We believe Foreclosure Assistance Solutions used coercive tactics to pressure consumers into paying for a service they really couldn’t …
Monday, April 21, 20082 Plead Guilty In $35M Mortgage Fraud CaseJonathan Edward Helgason, 45, Chisago, Minnesota, and Thomas Joseph Balko, 37, Rogers, Minnesota, along with their company, TJ Waconia LLC, entered their guilty pleas April 17, 2008, in Minneapolis before United States District Court Judge Joan Ericksen. According to their plea agreements, Helgason, a licensed real estate agent, and Balko were the owners of numerous companies, including TJ Waconia, Total Title LLC, Complete Real Estate Services, Inc. and CityWide Management, LLC and Investor’s Warehouse LLC (the TJ Group). From approximately 2005 to 2007, Helgason and
Ex Mayor Sharpe Convicted of FlippingSharpe James was convicted by a Newark, New Jersey, jury on all corruption charges against him in connection with a scheme that enabled his girlfriend, Tamika Riley, to fraudulently obtain steeply discounted city-owned land and resell it for hundreds of thousands of dollars in profits. The jury began deliberating midday on Wednesday, April 9. Jurors deliberated another four full days before announcing early this morning they had reached a verdict. Riley was convicted with James on the same five charges: three counts of mail fraud related to the sale of the city lots to …
Friday, April 18, 2008Stemming The Surge of Fraud And CorruptionA day after warning the Senate about a “tremendous surge” in the FBI’s mortgage fraud investigations, Director Robert Mueller talked in more detailed terms about the growth in both corporate fraud and public corruption cases at the annual conference of the American Bar Association’s Section of Litigation in Washington, D.C. Despite limited resources, Mueller said that the FBI’s corporate fraud cases have grown more than 80 percent since 2003. Last year, we had more than 490 corporate and securities fraud convictions. He predicted that the problem will only worsen because of the “ripple effect of the …
Thursday, April 17, 2008Judge Dismisses Borrower Class ActionA federal judge dismissed a lawsuit by a class of people victimized by the owner of a defunct mortgage company who allegedly operated a mortgage fraud scheme. In the ruling, U.S. District Judge James Giles said the banks that underwrote the mortgages had no obligation to monitor the Reading, Pennsylvania-based broker, Wesley Snyder, and that neither Synder or any of his companies were agents of the lenders. Plaintiffs Douglas A. and Andrea M. Jones filed their initial class action complaint in the Berks County Court of Common Pleas on September 25, 2007, …
Guilty Plea in Connection With Mortgage Fraud SchemeFabian Lamont Thorne, 35, Newark, New Jersey, pled guilty today to a one-count information charging him with conspiracy to commit wire fraud. Thorne is facing up to 5 years in prison and a $250,000 fine. In connection with his guilty plea, Thorne stipulated to a loss amount of $371, 411.48 for restitution and sentencing purposes. Fabian Thorne has admitted that he was involved in a mortgage fraud conspiracy along with Anna Thorne, Sterling Palmer, and others from about June 2005 through about July 2006. During that time period, Fabian Thorne and his …
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, …
Missouri Man Pleads Guilty to Loan App MisrepsJohn “Jack” Gorecki, St. Charles, Missouri, pled guilty to bank fraud charges involving false loan applications submitted to financial institutions in the St. Louis, Missouri area.
Man Indicted For Mortgaging And Selling Properties He Did Not OwnDaryl W. Miller, St. Charles, Missouri, has been indicted on mail and wire fraud charges for selling two properties and then, after he no longer owned these properties, taking out a mortgage against one and selling the other for a second time. According to the indictment, between June 2006 and March 2007, Miller owned commercial and residential properties in the St. Louis and St. Charles, Missouri areas. In July 2006, Miller deeded two properties, one in Maryland Heights and one in St. Charles, to the first purchaser. In August and December …
Monday, April 14, 20082 Pennsylvanians Plead Guilty to Misrepresentation ChargesAaron Thompson, 32, Pittsburgh, Pennsylvania, and Randy Carretta, 44, Pittsburgh, Pennsylvania, pleaded guilty to one count each of Participating in a Wire Fraud Conspiracy before United States District Court Judge Joy Flowers Conti and Chief United States District Court Judge Donetta Ambrose, respectively. In connection with the guilty plea of Thompson, Assistant United States Attorney Brendan T. Conway advised the court that Leon Truskowski and Colleen Chiavetta operated a mortgage broker business, located in Pittsburgh’s West End, called People’s Home Mortgage that assisted borrowers in obtaining financing to purchase homes. Thompson …
Ohio Property Owner Pleads Guilty To Straw Borrower SchemeDonald F. Green, 48 Columbus, Ohio, pleaded guilty in United States District Court to one count of income tax evasion, one count of conspiracy to commit bank fraud and wire fraud, and one count of bank fraud in connection with his role in a mortgage fraud scheme that fraudulently secured more than $2.6 million in mortgage loans in 2003 and 2004. According to a statement of facts filed with Green‘s plea agreement, Green bought houses usually in need of substantial repairs in distressed neighborhoods in Columbus, Ohio in 2003 and 2004 at or near …
Friday, April 11, 2008Mortgage Brokers Sentenced In Separate Fraud SchemesDavid Kennedy and LaVonne Hamilton, two former mortgage brokers in Jackson, Mississippi, were each sentenced for their respective roles in separate mortgage fraud schemes. David Kennedy was sentenced to serve 24 months in federal prison followed by 3 years of supervised release. LaVonne Hamilton was sentenced to serve 16 months in federal prison followed by 2 years of supervised release. In November 2007, Kennedy and Hamilton each pleaded guilty to conspiracy to commit money laundering of the proceeds from their individual mortgage fraud schemes. In August 2006, Kennedy and Hamilton …
|
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
  
|