Thursday, March 04, 2010
2 Sentenced for Escrow Fraud
Derrick Beaulieu, 38, and Shawnzell Venson, 37, both of New Orleans, Louisiana, were sentenced (Beaulieu, Venson) in federal court after pleading guilty last year to one count of conspiracy to steal government funds and wire fraud involving elderly individuals' Road Home grants. Beaulieu was sentenced to thirty (30) months imprisonment and ...
Ex-Loan Officer Sentenced for Creating False Loan Documents
Lynn Ingle, 36, Burleson, Texas, a former loan officer, was sentenced for one count of conspiracy to make false Entries to U.S. Department of Housing and Urban Development (HUD), in connection with a mortgage fraud scheme.
According to court documents, Ingle was charged with creating false loan documentation to qualify borrowers for FHA loans in...
Attorney Charged with Settlement Statement Fraud
Stephen M. Gunther, Virginia Beach, Virginia, has been charged wire fraud related to a scheme to defraud mortgage lenders.
Per court documents, Gunther, an attorney, acted as a settlement agent in connection with the closing of residential real estate loans in Virginia Beach, Norfolk, and Chesapeake, Virginia. Gunther is accused of preparing and...
5 Plead Guilty to Mortgage Fraud Charges
Troy Bossert, 32, San Antonio, Texas, Tyler Forrey, 28, Cape Coral, Florida, Ryan O'Brien, 34, Cape Coral, Florida, Stephen Petrovich, 35, Cape Coral, Florida, and Steven Reese, 32, Cape Coral, Florida have each agreed to plead to an Information charging them with one count of conspiring to commit bank fraud and wire fraud and one count of...
Wednesday, March 03, 2010
Man Admits Racketeering Charges in Mortgage Fraud Scam
Hector L. Rivera, Ocala, Florida, has been convicted for racketeering in relation to a mortgage fraud scheme.
The conviction resulted from a plea agreement with the State Attorney's Office. Rivera was sentenced to eight years in prison and ordered he pay restitution of $100,000 to lender Taylor, Bean & Whittaker and $100,000 to the Attorneys...
Home Builder Ordered to Pay Restitution & Penalties
Jacquelyn Willis, and her Maryland company, Home at Last, LLC, have been ordered to refund payments of $211,076.20 collected from consumers to construct homes in Prince George's County, Maryland and to pay penalties of $75,200. It was found that Willis, and her company, Home at Last, violated Maryland's Custom Home Protection Act by failing to...
Title Company Owner Indicted for Embezzling Escrow Funds
Kirby Sean McKee, 50, Davis, Illinois, has been charged with embezzling more than $500,000 in funds that had been placed in escrow accounts and insurance premiums. McKee is charged in the indictment with embezzling money, funds and premiums of A Title Escrow Company, Inc. and Stewart Title Guaranty Company.
According to the indictment, A Title...
Mortgage Broker Sentenced for Converting Escrow Funds for Personal Use
Terry Louis Lemke, 41, Brooklyn Center, Minnesota, a mortgage broker, was sentenced in federal court for using for personal benefit money deposited on behalf of clients into the escrow account at his mortgage title company. Lemke was sentenced to 24 months in prison on one count of wire fraud and one count of money laundering in connection to...
Former Texas Broker Sentenced In Mortgage Investment Scheme
David Isaac Lapin, 51, Houston, Texas, a former broker connected with the failed Premiere Holdings of Texas LLC, has been convicted and sentenced to prison for failing to disclose a crime to authorities and concealing material facts from investors. Lapin pleaded guilty on February 16, 2010, to a criminal information charging him with misprision...
Jury Convicts Man of Mortgage Fraud Scheme
Calway William Cauley, 68, Los Angeles, California, who operated a company called United Technologists, has been convicted of conspiracy and fraud charges for his role in a mortgage fraud scheme involving straw buyers and fraudulent loan applications in Nevada and California.
According to the court documents and evidence presented at trial, from...
Tuesday, March 02, 2010
Man Arrested for Stealing Real Estate From Rightful Owners
Norris Lynn Fisher, 62, Fort Worth, Texas, has been arrested on a mail fraud charge outlined in a federal criminal complaint.
According to the affidavit filed with the complaint, Fisher ran a mail fraud scheme that involved filing fraudulent warranty deeds with the Tarrant County Clerk's Office, Texas, to facilitate the theft of real property...
Broker Pleads Guilty to Investment Scheme
David Wehrs, Sr., 54, Annapolis, Maryland, pleaded guilty to wire fraud in connection with a scheme to defraud investors and financial institutions of more than $2.3 million.
According to his plea agreement and as previously reported on Mortgage Fraud Blog, Wehrs owned Maryland Title and Escrow Company, Inc., located in Annapolis, Maryland and...
Home Developer Charged With Unlawfully Selling Houses
Grande Valley Homes LLC, which is registered to do business as Casa Linda Homes, McAllen, Texas, has been charged with defrauding first-time home buyers by unlawfully selling houses that were encumbered by undisclosed liens. Casa Linda Homes sells and finances residential real estate property. Its business model focuses on first-time home...
Guilty Plea in Scam to Mislead Mortgage Lenders
Christie J. McGougan, 41, Bethune, South Carolina, pled guilty in federal court to conspiracy to falsify mortgage loan applications, a violation of Title 18, United States Code, Section 371.
Evidence presented in court established that between 2004 and 2006, McGougan and a business partner sold modular and existing homes in the Lugoff-Camden,...
Alabama Woman Pleads Guilty to Mortgage Application Fraud
Roxanne Saunders Gilliland, 56, Rainbow City, Alabama, pleaded guilty in federal court to charges of bank and mortgage fraud that totaled more than $500,000.
Gilliland entered guilty pleas to one count of making false statements on a mortgage loan application and three counts of bank fraud. She agreed to forfeit $577,796 to the government as...
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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 
