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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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- 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 |
Thursday, May 15, 20082 Year Sentence Plus Restitution For FraudsterDomeneco Abate was sentenced on May 12, 2008 by the Honorable United States District Judge Donald M. Middlebrooks to 27 months’ imprisonment, to be followed by three years of supervised release. In addition, Abate was ordered to forfeit $155,000 and to pay an additional $278,813 in restitution. On February 28, 2008, Abate pled guilty to a three-count Information, charging him with health care fraud, bankruptcy fraud and wire fraud. Regarding the wire fraud, Abate submitted false loan documentation to support the purchase of his home in Wellington, Florida. In the loan application,
Sacramento 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. …
Government Drops Remaining Charges Against Sharpe JamesSharpe James, former Newark, New Jersey Mayor, was dismissed from all remaining fraud charges by the US Attorney’s Office. As previously reported by Mortgage Fraud Blog, Sharpe was convicted in April 2008 on all counts against him in a corrupt scheme to steer city-owned land to his mistress. At the request of the U.S. Attorney’s Office, an order of dismissal with certain conditions was signed today by U.S. District Judge William J. Martini. The dismissal eliminates at this time the need for a second trial, which had been scheduled for July 8, on charges …
Wednesday, May 14, 2008Olympia Mortgage Principals IndictedLeib Pinter and Barry Goldstein, two former principals of Olympia Mortgage Corporation, a Brooklyn, NewYork-based mortgage lender, were indicted on charges of conspiracy, wire fraud, and bank fraud. The indictment charges two fraudulent schemes. In the first, Pinter is charged with fraud in connection with the theft of $44 million of payoff proceeds for refinanced mortgage loans funded by Fannie Mae and serviced by Olympia (the ”Fannie Mae Fraud"). In the second, Goldstein is charged with fraud in connection with Olympia‘s sale of a portfolio of non-performing …
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...
2 Sentenced In Downpayment Loan SchemeSean Brian Leaf, 35, Woodbury, Minnesota, was sentenced to 18 months in prison and three years probation, and Joddilee Margaret Lindberg, 50, Minneapolis, Minnesota, was sentenced to four years probation and eight months of community confinement with work release. Both were sentenced on one count of conspiracy to commit mail fraud and bank fraud, and were also ordered to pay more than $2.3 million in joint restitution with the other defendants. One other defendant connected to the conspiracy, Christopher Adam Horton, 34, Minnetonka, Minnestoa, is scheduled to be sentenced on May 19. A fifth defendant, …
Monday, May 12, 2008Maryland Man Heads To Prison For Defrauding LendersDavid Lincoln, 38, Baltimore, Maryland, was sentenced to 15 months in prison, followed by three years of supervised release for wire fraud arising from a mortgage fraud scheme in Maryland and Florida. As previously reported by Mortgage Fraud Blog, Lincoln and co-defendant Rachel Donegan, an attorney, worked at 1st Metropolitan Mortgage and Guilford Title and Escrow in Baltimore, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements, from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and
Husband And Wife Convicted For Real Estate FraudPatricia Omondi, 39, and her husband Boureima Sanfo, 47, both of Woodbridge, Virginia, were convicted by a federal jury on eight counts of interstate transportation of property obtained by fraud, three counts of money laundering and one count of obstruction of justice in connection with a scheme to defraud residential lot buyers. As previously reported by Mortgage Fraud Blog and according to testimony presented during the three week trial, Omondi was the president of Raycha Homes, also known as Construction Consulting and Management (CCM), a home builder located on Old …
Friday, May 09, 2008Loan Originator Sentenced For Straw Buyer SchemeMarlene Dinnall a/k/a Marlene Henry, Marlene Angela Hall, and Marlene Morris, 48, Miramar, Florida was sentenced to 51 months imprisonment by United States District Court Judge James I. Cohn. Dinnall was sentenced for her participation on a mortgage and mail and wire fraud scheme that resulted in approximately $1.8 million in fraudulently obtained mortgage loans. At sentencing, the defendant was also ordered to pay restitution to National City Mortgage Company, a lender that suffered actual loss in this case. ASs previously reported by Mortgage Fraud Blog, Dinnall was a mortgage loan originator …
Idaho Dept of Finance Issues Shuts Down Bait And Switch SchemeAssurity Financial Services, LLC, was issued an Order to Cease and Desist by the Idaho Department of Finance for sending mailers to Idaho residents entitled “Refund Notice,” suggesting that recipients’ current adjustable-rate mortgage may have been the subject of errors in principal and interest calculations. The mailer indicates that “A Refund Audit Specialist will be able to help you determine your correct principal and interest payment and assist you in collecting any refund that you may be legally entitled to.” In fine print at the bottom of the document, the homeowner is informed that their consultation may include a …
Thursday, May 08, 2008Virigina Man Pleads Guilty To Mortgage FraudJohn Andreas Tsiaoushis, 40, Alexandria, Virginia, pled guilty to a two-count information charging him with mail fraud affecting a financial institution and giving false testimony at a hearing in the United States Bankruptcy Court. Tsiaoushis faces a maximum penalty of 30 years in prison, 5 years supervised release, and a fine of approximately $7,600,000 when he is sentenced on July 18, 2008. As part of the guilty plea, Tsiaoushis agreed to the entry of a Restitution Order. The government estimates the amount of restitution due to be approximately $3,841,189.48. Tsiaoushis admitted to operating a …
New 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, …
Wednesday, May 07, 20082 Guilty Pleas In Straw Buyer SchemeAryeh Schottenstein, 34, Columbus, Ohio, pleaded guilty to one count of conspiracy to commit wire fraud and one count of money laundering, and Shawn A. Griffin, 38, also of Columbus, Ohio, pleaded guilty to two counts of conspiracy to commit wire fraud and one count of money laundering. Schottenstein and Griffin were indicted along with Donald F. Green, Jeffrey Lieberman and George “Terry” Jordan for a mortgage fraud scheme in central Ohio in 2003 and 2004. According to statements of facts filed with Schottenstein‘s and Griffin‘s pleas,
Monday, May 05, 2008Woman Sentenced To 2 Years For Mortgage FraudYolanda Crawley, 59, West Palm Beach, Florida was sentenced to two years in prison followed by five years of supervised release for wire fraud arising from a mortgage fraud scheme. Judge Motz also ordered Crawley to pay restitution of $200,000. According to her guilty plea, from January 2005, continuing until December 2006, Crawley worked with David Lincoln, Rachel Donegan, and her son, Shawn Green to submit mortgage applications containing false representations about her income and employment, allowing her to secure loans for property at 10740 Versailles Boulevard, Wellington, Florida (valued …
2 Plead Guilty In Scheme To Defraud LendersKolawole Aminu, 45, a Nigerian national, pleaded guilty to conspiring to make a false statement in connection with a scheme to defraud a mortgage lender. Oyekunle Ikudayisi, 39, White Plains, Maryland, pleaded guilty to the same charge on April 23, 2008. According to court documents (their plea agreements are currently sealed), Aminu and Ikudayisi conspired with others to purchase properties from a company owned by a co-conspirator. Aminu and Ikudayisi obtained mortgage loans for the properties in their own names, using their good credit histories. The co-conspirator, however, was responsible for making …
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