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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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- 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 |
MississippiMortgage Fraud - MississippiFriday, 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 …
Tuesday, September 18, 2007Mississippi Broker Indicted for Wire Fraud & ConspiracyBryan “Bo” Barry, 38, Brandon, Mississippi, was indicted on a two count indictment in August 2007 by a federal grand jury. The first count charged him with violating Title 18, United States Code, Section 1343 (wire fraud) and the second count charged him with violating Title 18, United States Code, Section 371 (conspiracy). Barry worked as a mortgage broker with Raintree County Marketing Company, B.M.B. Mortgage Consultants, Inc., and/or B.M.B Financial Services, Inc., who obtained loans and refinanced mortgages for borrowers from various lenders. The indictment alleges that beginning in 1999, Barry created …
Thursday, August 23, 2007Mississippi Broker Sentenced to 3 YearsToby Goss, Hinds County, Mississippi, a mortgage broker doing business as Consolidated Mortgage and Mississippi Mortgage, pleaded guilty to mortgage fraud charges and was sentenced to nearly three years in prison. Goss was indicted in 2005 for a mortgage fraud scheme involving the falsification of documents in loan application packages with the intent to induce lenders to fund loans in reliance upon the falsified documents. According to the indictment, Goss falsified Verifications of Rent, Income and Deposit, W2 tax forms, and Social Security benefit letters. The commissions Goss received from the …
Tuesday, June 19, 2007Mississippi Man Charged in House-Flipping ScamMichael O’Keefe, Jr., 47, Poplarville, Mississippi, formerly of New Orleans, has been charged in a five count indictment in connection with an on-going federal investigation into a house-flipping scam at Citywide Mortgage. O’Keefe is the son of former Louisiana state Senate President Michael O’Keefe who was convicted in 1999 of conspiracy, mail fraud, wire fraud and money laundering after skimming millions of dollars from a failed medical malpractice insurance company. The indictment alleges a flipping scheme that involved fraudulent FHA loan applications at Citywide and the role O’Keefe, Jr., had in that …
Tuesday, February 06, 2007Mississippi Appraiser Sentenced for Role in Flipping SchemeEdward Young, appraiser, was sentenced for his role in a multimillion-dollar mortgage fraud scheme. Young was sentenced to 42 months imprisonment and 3 years supervised release. The court reserved ruling on restitution until a later date. Young must report to prison on April 9, 2007. Young was among 11 people charged for their alleged roles in a flipping scheme located mostly in Madison County, Mississippi. The homes’ purchase prices ranged from about $200,000 up to $600,000. Five were sentenced in December 2006. Marvin Dawson, Anthony Burroughs, Tellis McLin and
Friday, February 02, 2007Three Defendants Sentenced in Mississippi Flipping CaseKristy N. Packer, Marcy Irby and Jafus Jones Jr. were sentenced to probation terms ranging from three to five years and ordered to pay restitution ranging from $101,673 to $191,888 to Countrywide Mortgage, which was defrauded in a Hattiesburg, Mississippi flipping scheme. William Vaston Fairley was sentenced to 14 months – seven months in prison and seven months at a halfway house. Fairley must also participate …
Wednesday, November 29, 2006Mississippi Flip Conspirator Sentenced to ProbationMalcolm Clark, 35, was sentenced to probation for 3 years with the first six months to be served on home confinement with electronic monitoring and was ordered to pay $177,774.23 in restitution after pleading guilty to one count of wire fraud in connection with a Mississippi flipping scheme.
Thursday, June 29, 2006Additional Defendant Charged In Hattiesburg, Mississippi Mortgage FraudA superseding indictment was filed in the case of US v. Lucas, the Hattiesburg, Mississippi mortgage fraud case that resulted in the indictment of ten people earlier this year. The superseding indictment names one new defendant – Kenneth Fairley, Jr. who is alleged in the indictment to have acted as a nominal buyer for the purpose of obtaining mortgage loans for the purchase of property. Media sources indicate that Kenneth Fairley, Jr. and his brother and co-defendant, William Vaston Fairley the sons of the Rev. Kenneth Fairley, senior pastor …
Thursday, June 22, 2006Multiple Settlement Statement Allegations Underlie Mississsippi License SuspensionOn June 20, 2006, Mid-South Mortgage & Investments, Inc. d/b/a Freedom Lending of Meridian, Mississippi through its president, David Hand, entered into a Consent Order with the Mississippi Department of Banking and Consumer Finance, with regard to alleged violations of the Mississippi Mortgage Consumer Protection Law. In accordance with the terms of the Consent Order, the mortgage company license of Mid-South Mortgage & Investments, Inc. d/b/a Freedom Lending was suspended for a term of three (3) years effective immediately and a civil money penalty in the amount of Ten Thousand Dollars ($10,000.00) was assessed. The …
Friday, June 16, 2006Pruett sentenced in mortgage caseJim Pruett, a former real estate salesman and owner of Leflore Properties Inc of Greenwood, Mississippi has been sentenced to 41 months for his role in a mortgage scheme. Pruett, along with Bobby Fisher former attorney and municipal judge, pled guilty to charges of conspiring to commit wire fraud and of money laundering on January 13th. According to media reports a restitution hearing for Pruett will be held on September 11th.  mortgage fraud
Tuesday, May 30, 2006Eleven Charged in Mississippi Mortgage FraudEleven people were arreted in Mississippi on criminal complaints charging them in a multi-million dollar mortgage fraud scheme. Seven of the defendants, Patrick McGee, Marvin Dawson, Anthony Burroughs, Thomas Griffin, Edward Young, Fransene Berry, and Shane Rothery, are charged in one complaint with conspiracy to commit mail fraud. The other four defendants, Kelvin Brooks, Tellis McLin, Lyndon Posey, and Leroy Garrett, are charged in separate complaints with mail fraud. All of the defendants are being charged in connection with a mortgage loan fraud scheme arising out of the buying and selling of houses, most of which …
Friday, May 05, 2006Hattiesburg, Mississippi man pleads guiltyMalcolm Clark, 36, Hattiesburg, Mississippi plead guilty to conspiracy to commit fraud. Clark was one of ten defendants indicted in February of this year and is the third to enter a guilty plea. According to the indictment, all ten defendants participated in a conspiracy to commit bank and wire fraud by defrauding mortgage lenders of loan proceeds. As described in the indictment, Richard B Lucas arranged for Phillip N Weary, William V Fairley, and Jafus Jones Jr to acquire properties in Hattiesburg and Laurel, Mississippi at low prices for immediate resale.
Recently Elected City Councilman Charged in Mississippi Fraud CaseMedia sources report that Kelvin Brooks, who was recently elected as the fourth district council member for the City of Tallulah, Louisiana, was charged in connection to the United States Postal Inspectors Service criminal complaint filed against seven others in Mississippi. Brooks is accused of being involved in the purchase and sale of a house at 412 Eastpoint Cove, Madison, Mississippi in June of 2005, which profited $235,000. mortgage fraud
Thursday, May 04, 2006Criminal Complaint against 7 in MississippiThe United States Postal Inspectors Service filed a criminal complaint against Patrick V McGee, Thomas Griffin, Anthony Burroughs, Marvin Dawson, appraiser Edward Young, appraiser Fransene Berry and Shane Rothery claiming they were involved in a conspiracy to commit mail fraud. The claim surrounds a mortgage fraud scheme in Madison, Mississippi involving same-day property flipping of several houses in that area. Based on court records, Patrick V McGee has used the following names when purchasing properties involved in the alleged scheme: Patrick V McGee, Patrick Vashan McGee, Vashon McGee and Vashan McGee. …
Tuesday, May 02, 2006Mississippi Mortgage Fraud Trial Could be LengthyThe trial against Richard B Lucas, Phillip N Weary, Kimberly A Castle, Kenneth Stalnaker, Loretta Joy Champ, William V Fairley A/K/A Vaston, Jafus Jones, Jr, and Kristy N Packer is scheduled to begin July 24, 2006. These eight individuals along with Malcolm C Clark and Marcy R Irby were indicted on February 16, 2006 on 12-counts relating to conspiracy to commit bank fraud and wire fraud. Lucas, Weary, and Castle were also charged with conspiracy to commit money laundering. Marcy R Irby pled guilty to bank fraud on April 5th while …
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