|
|||||||||||||||||||||||||||||||||
|
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 |
|
- 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 |
Tuesday, July 15, 2003Grubb Pleads Guilty to ConspiracyThomas Grubb Jr., 48, of the 30000 block of Delair Landing, Philadelphia, Pennsylvania, pleaded guilty before Superior Court Judge David G. Eynon, Camden, New Jersey to Conspiracy to Commit Theft by Deception. Grubb admitted to conspiring with his son, Eric Grubb, 23, of the 2100 block of 6th Street in Atco, New Jersey, to obtain a $104,000 mortgage on a Pennsauken, New Jersey property they did not own. Eric Grubb pleaded guilty on April 21, 2003, to Theft and Falsifying Public Records, admitting that he submitted false documents to the Dime Savings Bank …
Wednesday, July 09, 2003Willingboro, New Jersey Couple Charged with Defrauding Mortgage LendersA Willingboro, New Jersey couple was indicted on charges they defrauded mortgage lenders through the use of fictitious income tax returns, U.S. Attorney Christopher J. Christie announced. Maria James, 58, a tax preparer, is charged in a four-count Indictment with conspiring with her husband Rigberto Martinez, 37, to defraud Cendant Mortgage Corporation, and with committing wire fraud against Cendant and Home American, another mortgage company. James is also charged with making a false statement to the IRS in connection with the representation of one of her taxpayer-clients. James is charged in all four counts …
Tuesday, July 01, 2003Pyramid Trust Accounting Leads to Attorney ArrestNassau County District Attorney Denis Dillon today announced the arrest of an attorney and a disbarred attorney for thefts of hundreds of thousands of dollars from clients. Jeffrey Schwartz, 59, of 11 Sturbridge Drive, Dix Hills, was charged with Grand Larceny in the Second Degree, a Class C Felony punishable by up to 15 years in prison.
Wednesday, May 14, 2003Flemington Man Indicted for Real Estate FraudA Flemington man was indicted for allegedly soliciting investments in real estate, using investors’ names and credit histories to acquire properties, and then taking the rents but failing to make mortgage payments, U.S. Attorney Christopher J. Christie announced. Michael Salerno, 34, was charged in an Indictment with 10 counts of wire fraud, according to Assistant U.S. Attorney Alain Leibman. The Indictment alleges that Salerno, now of Flemington, New Jersey and formerly of Edison, New Jersey, did business through various entities which he controlled, including Dominion Enterprises, Inc., Dominion Properties, Inc., Saljam Investment …
Thursday, April 24, 2003Three Indicted in New Jersey Equity-Skimming SchemeThree persons who allegedly participated in an “equity-skimming” scheme involving properties throughout New Jersey were indicted today on charges of diverting tens of thousands of dollars per month in rental income to their own use, rather than towards mortgage or tax payments, U.S. Attorney Christopher J. Christie announced. Charged in a four-count federal Indictment, alleging conspiracy to commit equity skimming and mail fraud, were: • Timothy Burke, 51, of Bridgeport, Connecticut, charged with conspiracy, equity skimming and two counts of mail fraud • Paul Ligas, 42, of Lyndhurst, New Jersey charged …
Wednesday, April 16, 2003Sentences and More Indictments in Georgia Mortgage FraudWilliam S. Duffey, Jr., United States Attorney for the Northern District of Georgia; Andre Martin, Special Agent in Charge, Internal Revenue Service; Theodore Jackson, Special Agent in Charge, Federal Bureau of Investigation; and William G. Creel, Special Agent in Charge, District Office of Inspector General, U.S. Department of Housing and Urban Development, announce that multiple indictments were handed down today by a federal grand jury, and at the same time sentences have been handed down in federal court, in related cases of mortgage fraud with losses in the millions of dollars. According to Duffey: Four indictments were handed …
Friday, March 21, 2003Two Real Estate Businessmen Admit Fraud Against Homeowners in Financial DistressTwo former real estate businessmen pleaded guilty to conspiracy to commit equity skimming and mail fraud, in connection with a scheme in which they convinced homeowners in default on mortgages to deed their homes to them, U.S. Attorney Christopher J. Christie announced. Timothy W. Burke, 51, of Bridgeport, Connecticut, and Paul Ligas, 43, of Lyndhurst, New Jersey, each pleaded guilty before U.S. District Court Judge John C. Lifland to Count One of a four-count Indictment. The two men, who operated a real estate business in Lyndhurst that they at different times called Lincoln Management, Franklin …
Monday, February 03, 2003Mortgage Company Principals, Associates Sentenced for Loan Fraud Costing HUD More than $2MTwo home mortgage underwriters, a loan processor, a real estate developer and an attorney were sentenced for their roles in a scheme to fraudulently obtain more than 40 federally guaranteed loans for ineligible borrowers, which caused a loss of more than $2 million in defaulted loans to the federal Department of Housing and Urban Development, U.S. Attorney Christopher J. Christie announced. Robert Jordan, 43, of Mahwah, New Jersey and Peter Tortorelli, 48, of Fairfield, New Jersey (the two mortgage underwriters) each were sentened to 18 months in federal prison; real estate broker Raul Torres, 50, …
Thursday, January 30, 2003Edison Man Pleads Guilty to Role in "Land Flipping" ConspiracyAn Edison, New Jersey man pleaded guilty today to committing fraud in more than 200 real estate transactions involving straw buyers who had no intention of owning the properties, U.S. Attorney Christopher J. Christie announced. Lawrence Cuzzi, 41, pleaded guilty before U.S. District Judge John C. Lifland to an Information charging him with one count of conspiracy to commit wire fraud. Sentencing for Cuzzi is scheduled for June 9 at 9:30 a.m. He faces a maximum sentence of five years in prison, a $250,000 fine and an order for restitution, according to Assistant U.S. Attorney Alain …
Thursday, January 23, 2003Secret Service Arrests Suspects in California Mortgage Fraud SchemeOperation “Golden Financial” Results in Seven Arrests On Thursday, January 23, the United States Secret Service arrested seven people suspected of carrying out an elaborate mortgage fraud scheme. The suspects have been charged with conspiracy to commit bank fraud.
Thursday, January 16, 2003Arrest of Former Attorney in Theft from ClientNassau County District Attorney Denis Dillon today announced the arrest of a former attorney from Sea Cliff, for the theft of approximately $77,500 from a client. Richard Bruce Claro, 56, whose last known address is 16 Lafayette Avenue, Sea Cliff, New York is charged with Grand Larceny in the Second Degree, a Class C Felony punishable by up to 15 years in prison. According to Dillon,
Thursday, December 19, 2002Disbarred Attorney Pleads Guilty to Grand LarcenyNassau County District Attorney Denis Dillon has announced a guilty plea in a case involving a disbarred attorney who continued to practice law, and in the process stole more than $6,000 from two clients. Robert Sherman, 49, of 77 Virginia Avenue, Plainview, pleaded guilty in County Court December 15 to two counts of Grand Larceny in the Third Degree. According to Dillon, ”Sherman was admitted to the practice of law in 1981. He was suspended in October of 1997 and disbarred in May of 1999. Despite this, he continued to practice law, handling real …
Thursday, December 05, 200211 Sentenced in $16 Million Mortgage Fraud SchemeWilliam S. Duffey, Jr., United States Attorney for the Northern District of Georgia; Theodore Jackson, Special Agent in Charge, Federal Bureau of Investigation; and Dennis L. Collins, Postal Inspector in Charge, announce that sentences have been handed down against 11 DEFENDANTS, charged with mortgage fraud, conspiracy, wire fraud, money laundering, using false Social Security numbers, and submission of false documents. According to Duffey: KAY WILLIAMS POLOTE, 41, of Stone Mountain, Georgia, a mortgage broker at Gold Coast Mortgage, and Northeast Mortgage, both in Stone Mountain, Georgia, was sentenced to 9 years in federal prison. POLOTE pleaded …
Monday, December 02, 2002Essex County, New Jersey Sheriff's Officer Admits Defrauding HUD Housing ProgramAn Essex County, New Jersey Sheriff’s Officer today admitted defrauding a federal housing program that gives law enforcement officers homes at half-price in urban neighborhoods, U.S. Attorney Christopher J. Christie announced. Ismael Rodriguez, 50, admitted that he lied on an application to the federal Department of Housing and Urban Development (HUD), making it possible for him to get two half-priced homes under the special program designed to put law enforcement officers into homes in redeveloping neighborhoods. “This was simply shameful conduct,” Christie said. “This program was generous to Rodriguez and helpful to the community. …
Friday, October 18, 2002Attorney Admits Conspiring with West New York Businessman Rene Abreu to Commit Mail FraudAn attorney licensed to practice in New Jersey pleaded guilty to conspiring with Hudson County businessman Rene Abreu and others to commit mail fraud, U.S. Attorney Christopher J. Christie announced. Ciro Mederos, 43, of Teaneck, New Jersey whose law practice is in Union City, New Jersey pleaded guilty to a one-count Information, charging him with conspiring with Abreu and other employees and associates of The Mortgage Pros, Inc., to defraud several financial institutions by fraudulently submitting fictitious loan-related documents to these institutions. The goal was to induce the institutions to issue residential loans to …
|
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
  
|