Colorado
Mortgage Fraud - Colorado
Friday, February 26, 2010
3 Indicted for Multi-Faceted Mortgage Fraud Enterprise
Marcus Williams, 42, Kimberly Anderson, 39, and Scott Peters, 46, Colorado have been charged on suspicion of running an elaborate mortgage-fraud scheme under the auspices of Blackhawk Property Management.
According to the 23-count indictment, Williams, Anderson and Peters diverted money from home sellers or funding companies to Blackhawk...
Monday, February 01, 2010
7 Charged in Colorado Mortgage Fraud Scam
Scott Steven Richardson, 36, Thomas Sarantinos, 23, Douglas Lynn Dean, 50, Michael Spahn, 43, Wayne Jones, 46, Gary Luna, 26, and Jason Webb, 22, are charged with violation of Colorado Organized Crime Control Act (COCCA) (F2), theft (F4), forgery (F5), conspiracy to commit theft (F4), and conspiracy to commit forgery (F4). The charges allege...
Friday, January 08, 2010
Loan Officer Sentenced for Falsifying Loan Application Information
Linda Carnagie, 61, Bennett, Colorado, was sentenced to serve 41 months in federal prison for conspiracy to defraud the United States, conspiracy to commit money laundering, wire fraud, and false statements. Following the prison term, Carnagie was ordered to spend 3 years on supervised release. Carnagie was also ordered to pay restitution...
Wednesday, January 06, 2010
Owners of Real Estate Investment Company Indicted for Conspiracy
Philip R. Lochmiller, 61, Mack, Colorado, and Philip R. Lochmiller, II, 38, presently of Olathe, Kansas, who are both owners and operators of Valley Investments, as well as a Valley Investments employee, Shawnee N. Carver, 33, Grand Junction, Colorado, were indicted by a federal grand jury in Denver, Colorado on conspiracy and fraud charges. The...
Tuesday, January 05, 2010
Mortgage Company Sued for Deceptive Trade Practices
Alternative Lending of Colorado, a Colorado Springs-based company, and its managing general partner, James W. Dale III , 64, Pueblo West, Colorado, and top loan originator, April A. Bigler, 29, Pueblo West, Colorado, have been sued for allegedly deceptive trade practices.
According to the complaint, filed in Fremont County District Court, Bigler...
Tuesday, December 15, 2009
Commercial-Lending Fraud Suit Filed Against Colorado Couple
Donald Sterling Whitlock, 39, and Erin Reese Whitlock, 40, formerly of Aspen and Basalt, Colorado, Southport, North Carolina and now residing in Lauderdale-by-the-Sea, Florida are suspected of defrauding consumers through the use of fake commercial lending companies and committing multiple identity thefts involving numerous victims.
According to...
Friday, November 20, 2009
Builder Convicted In Mortgage Scheme
Mark Strodtman, 52, Windsor, Coloarado, was found guilty of 23 criminal counts including, COCCA - Pattern of Racketeering (a class two felony; punishable by up to 48 years in prison if aggravating circumstances are met), Theft $15,000 or more 11 counts (a class three felony; punishable by up to 24 years in prison per count). Forgery - check /...
Wednesday, November 04, 2009
Ringleader of Mortgage Fraud Scheme Sentenced to 30 Years
Uto Essien, 45, the ringleader of a Colorado based multimillion-dollar mortgage fraud operation, was sentenced by an Adams County judge to 30 years in the Colorado Department of Corrections. Essien, a Nigerian national, will be deported upon completion of his sentence.
As previously reported by Mortgage Fraud Blog, an Adams County jury convicted...
Wednesday, July 29, 2009
Colorado Real Estate Ponzi Scheme Busted
A Denver Grand Jury handed down a 70 count indictment against two men accused of running a real estate Ponzi scheme to take in millions of dollars:
Michael Marshall, 61, was charged with violating the Colorado Organized Crime Control Act, conspiracy to commit securities fraud, conspiracy to commit theft, four counts of theft and sixty-three...
Monday, July 06, 2009
Guilty Verdict For Mortgage Fraud Ringleader
Uto Essien, 45, the ringleader of a multimillion-dollar mortgage fraud operation, has been convicted by an Adams County jury on four felony charges all related to the use of shell corporations and false invoices to skim money off the top of nearly three-dozen real estate transactions, announced Colorado Attorney General John Suthers.
Essien's...
Tuesday, June 09, 2009
Grand Jury Indictment In Mortgage Fraud, Theft Case
Ernie Colter, 50, has been indicted by the the Colorado Statewide Grand Jury on three counts of theft and one count of forgery for his role in fraudulently obtaining a loan for a client and then stealing some proceeds from a related real estate transaction.
According to the indictment, Colter, acting as the originating broker for a real estate...
Friday, May 15, 2009
Mortgage Broker Barred From Operating Inside Colorado
Dimitry Yakubovich, mortgage broker and president of Green River Mortgage LLC has settled a lawsuit for deceptive advertising and sales practices and for violating the Colorado Consumer Protection Act. Yakubovich has since moved to Florida and no longer operates Green River. The settlement bars him from brokering loans in Colorado. The...
Wednesday, February 11, 2009
Denver Real Estate Agent Sentenced
Linda Edwards, 55, Centennial, Colorado, was sentenced to serve 41 months (3 ½ years) in federal prison for wire fraud, false statements, and false use of a Social Security number. Following the prison term, Edwards was ordered to spend 3 years on supervised release. She was also ordered to pay restitution totaling $646,521.87, forfeit...
Monday, January 12, 2009
Denver Real Estate Agent Gets 15 Months Home Detention
LaDonna Mullins, 74, Denver, Colorado, was sentenced by U.S. District Court Judge Marcia S. Krieger to serve 3 years probation, during which the first 15 months are to be spent in home detention for wire fraud. Mullins was also ordered to forfeit $44,292 in a money judgment as well as pay restitution totaling $66,459. LaDonna Mullins was found...
Tuesday, December 23, 2008
Colorado Pastor Indicted For Mortgage Fraud
Harold Joe Hicks, a church pastor, has been indicted by a Denver, Colorado Grand Jury. The 16-count indictment accuses Hicks of stealing tens of thousands of dollars through a mortgage fraud scheme. Hicks is charged with 8 counts of theft (F3 and F4) and 8 counts of forgery (F5). The indictment alleges that Hicks, using surrogate buyers,...
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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 
