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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 |
Tuesday, October 08, 2002New York Real Estate Broker Arrested for FraudNassau County District Attorney Denis Dillon today announced the arrest of a licensed real estate broker for stealing money given to him by clients as deposits on their purchase of real estate. Jean Guilbaud, 48, of 284 Putnam Avenue, Freeport, is charged with two counts of Grand Larceny in the Third Degree, a Class D Felony punishable by up to 7 years in prison, and one count of Scheme to Defraud in the First Degree, a Class E Felony punishable by up to 4 years in prison. His arrest resulted from a joint investigation by the District …
Friday, September 27, 2002Ameriquest Files Civil RICO Lawsuit for Mortgage FraudDefendants include Ameriquest Employees Ameriquest filed a civil lawsuit alleging that the defendants fraudulently obtained approximately 75 properties in Kansas City, Missouri and its neighboring areas from Ameriquest by helping to create or by submitting loan applications and documents, title reports and appraisals that misrepresented material facts and that they organized numerous loan transactions which were based on fraudulent, false and inaccurate loan applications and on greatly inflated appraisals and false title reports in order to fraudulently induce Ameriquest to make loans. In most of the loan transactions, according to the complaint, Ameriquest loan funds were to be used to refinance allegedly existing …
Monday, September 09, 2002Former Attorney Sentenced for TheftNassau County District Attorney Denis Dillon announced today that a former attorney has been sentenced to 2 ½ - 7 ½ years in prison and almost $1 million in restitution for a series of thefts from clients – including more than three-quarters-of-a-million dollars stolen from a mortgage banker who had retained him to act as the settlement agent in the refinancing of a private mortgage transaction.
Wednesday, September 04, 2002Ocean County Businessman Charged in Real Estate Appraisal ScamThe owner of an Ocean County real estate appraisal company has been indicted by the Division of Criminal Justice on charges of forgery and theft in connection with preparing and selling more than 400 fraudulent appraisals to a New Jersey mortgage company and to potential borrowers seeking home mortgage loans. Stanley Karitko, 63, of the 100 block Geranium Court, Toms River, New Jersey, the owner of the now defunct A.J. Appraisal Company formerly located at 12 Moholo Court, Brink Township, New Jersey was charged in a four-count State Grand Jury indictment with theft by deception and …
Wednesday, July 31, 2002Four Men Indicted in Chicago Flipping SchemeClick here to view the indictment The Special 2001 Grand Jury today indicted four men in connection with an alleged flipping scheme in Chicago, Illinois. Those indicted were Demetrius Barren dba Allegria Realty Consultants, 104 South Michigan Avenue, Chicago, Illinois; The indictment charges all defendants with wire fraud and related charges. The indictment also refers to Melva Wynn an appraiser …
Thursday, July 25, 2002Guilty Pleas in 2M HUD FraudTwo home mortgage underwriters admitted their rolesin a scheme to fraudulently obtain more than 40 federally guaranteed loans for ineligible borrowers, causing 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, each pleaded guilty to conspiracy to commit mail fraud. Last week, Raul Torres, 49, a real estate developer living in Jersey City; Philip Noce, 55, an attorney living in River Edge; and
Monday, July 08, 2002Essex, New Jersey Attorney Convicted on Charges Involving Mult-Million Dollar Real Estate FraudAn Essex County, New Jersey attorney was convicted by a Union County, New Jersey jury on charges that she participated in an elaborate fraud to buy and sell approximately $3 million in real estate properties and manipulated the monies via a money laundering scheme utilizing her attorney trust account in an effort to hide the proceeds, Attorney General Attorney General David Samson and Division of Criminal Justice Director Peter C. Harvey announced. Criminal Justice Director Harvey noted that the three-week jury trial which resulted in a conviction on the charge of first degree money laundering is the first …
Wednesday, June 26, 2002JACKSON SENTENCED IN MAJOR 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; Andre Martin, Special Agent in Charge, Internal Revenue Service, Criminal Investigations; David Salas, Special Agent In Charge, United States Department of Housing and Urban Development, Office of Inspector General; and Roland H. Maye, Special Agent In Charge, United States Social Security Administration, Office of Inspector General, announce that SANDRA T. JACKSON, a/k/a “Sandra Theresa McCloud,” ”Sandra Jackson McCloud,” ”Sandy Jackson,” and ”Sandra Riding,” 50, of Stone Mountain, Georgia, was sentenced late yesterday by …
Tuesday, June 18, 2002Second Conviction for SichenziaMichael Sichenzia, 42, of Newburgh, New York pleaded guilty to the crime of Fraud in the Sale of Securities. At sentencing, Sichenzia faces a mandatory state prison sentence as a second felony offender. Sichenzia was previously convicted in1988 for Grand Larceny arising out of a fraudulent scheme involving the sale of modular homes on Long Island, New York. At the time of his plea, Sichenzia admitted that between December 1, 1997 and February 2000, he engaged in a fraudulent scheme in which he purchased dozens of parcels of real property, mostly located in
Tuesday, May 21, 2002Former Mortgage Company Company Executive Admits False Statements to BankA former executive of a Ramsey-based mortgage brokerage firm pleaded guilty today to making false statements to a bank, U.S. Attorney Christopher J. Christie announced. Robert Mannis, 43, of Woodbury, Conn., the former managing director of Parmann Mortgage, pleaded guilty before U.S. District Judge Alfred M. Wolin, and admitted sending a false statement to a bank in conjunction with a line of credit obtained by Parmann to fund mortgages for its customers. According to his statements in court today, Parmann had a $40 million line of credit from PNC Bank that was used by Parmann …
Thursday, May 16, 2002Hoffman Pleads Guilty to Grand LarcenyNassau County District Attorney Denis Dillon announced today that a former attorney has pleaded guilty to Grand Larceny in the Second Degree in connection with the theft of more than three-quarters-of-a-million dollars from a mortgage banker who had retained him to act as the settlement agent in the refinancing of a private mortgage transaction.
Wednesday, May 08, 2002Rene Abreu, His Wife, Bank Senior V.P. and Eight Others IndictedA well-known Hudson County businessman and his wife were charged in an Indictment with multiple bank fraud schemes, including mortgage fraud, check-kiting, money laundering, cash structuring in excess of $2 million, bribery of bank officials, and more, U.S. Attorney Christopher J. Christie announced. Rene Abreu, 40, of Fort Lee and Lourdes Adan-Abreu, his wife, 39, together own several Hudson County-based companies, including The Mortgage Pros, Inc., Abreu Real Estate and RLA Homes. Each of the companies were used to facilitate the various bank and mail frauds alleged in the Indictment, according to Assistant …
Wednesday, April 17, 2002PERTH AMBOY CON MAN CHARGED WITH $500,000 REAL ESTATE FRAUDThe New Jersey Division of Criminal Justice announced the unsealing of an indictment which charges a former Middlesex County resident with masterminding and operating a wide-ranging and profitable real estate fraud scheme in northern New Jersey that netted over $500,000 in illegal gains. According to Peter C. Harvey, First Assistant Attorney General and Director of the Division of Criminal Justice, the Financial Crimes and Anti-Trust Bureau of the Division of Criminal Justice secured a State Grand Jury indictment against Yanko Amendola, 29, of 774 Barry Ave. (last known address), Perth Amboy, Middlesex County in mid-March. The indictment, …
Wednesday, February 06, 2002Monmouth County, NJ Man Indicted for Allegedly Using Straw Buyers" in More Than 200 MortgageA Monmouth Beach man was indicted today on charges that he committed mortgage fraud by using “straw buyers” in 200 mortgage loan transactions and that he evaded more than $555,000 in taxes on the illegal proceeds of the scheme, U.S. Attorney Christopher J. Christie announced. Gary Grieser, 46, was previously sentenced in March 2001 to serve 57 months in prison, following his guilty plea to charges in a separate fraud Indictment. Grieser admitted then that he used his infant son’s name and social security number to fraudulently obtaining mortgage loans on 13 different properties in
Tuesday, January 15, 2002Monmouth Lawyer Admits Arranging More Than 200 "Land Flip" DealsA Matawan, New Jersey attorney admitted in court his role in a scheme to defraud purchasers of over-valued and fraudulently mortgaged homes in Monmouth County, New Jersey and elsewhere and to engaging in more than 200 “land flip” transactions with straw buyers, U.S. Attorney Robert J. Cleary announced. Stanley Yacker, 64, who was awaiting trial on the charges along with two real estate agents, pleaded guilty before U.S. District Judge Alfred M. Wolin to all 10 counts of an Indictment, which charged him with conspiracy to commit wire fraud and nine counts of wire fraud.
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