Monday, January 17, 2005
Denver Fraudster Sentenced
Fourteen Months for Mortgage Fraud Scheme Ringleader
Roderick Wesson, 42, Denver, Colorado was sentenced to 14 months in federal prison and ordered to pay $142,434 in restitution jointly with some of his co-defendants for conspiring to defraud the United States. He was alleged to be the ringleader of a Denver, Colorado based mortgage fraud scheme involving mortgage brokers, real estate agents and...
Friday, January 14, 2005
Jacksonville Indictments
Four Men and Ten Companies Charged in Mortgage Fraud Scheme
Indicted: Patrick M. Singletary, 39, Jacksonville, Florida (23 felony counts, including conspiracy, bank fraud and money laundering) Robert D. Singletary, 37, Jacksonville, Florida (15 felony counts) Peter J. Russo, 52, Jacksonville, Florida (9 felony counts) Clifford R. Shaw, 38, Jacksonville, Florida (10 felony counts) The men are alleged to have...
Selling Drugs to Support a House Habit
Jenkins Trial Results in Conviction
Keith Jenkins, 36, Mount Laurel, New Jersey was convicted by a federal jury of conspiracy, money laundering and fraud charges. Jenkins was accused of being the leader of an organization that manufactured large quantities of crack cocaine, sold it - sometimes earning more than $800,000 per week - and used the money to purchase abandoned and...
Thursday, January 13, 2005
New York Man Indicted for Obstructing Justice
Told Witnesses in Bank Fraud Case to Lie to Agents of FBI and HUD
Salvatore Lobreglio, 64, Westchester Avenue, Yonkers, New York was indicted for conspiring to obstruct justice in connection with allegations that he tried to persuade a witness in the case to lie to agents from FBI and HUD who were investigating loans received by Howard Thaler, a Manhattan lawyer who was disbarred in 1998. Thaler, 60, was...
Bergin Financial v. First American, et al.
Copy of Civil Complaint - Available on Mortgage Fraud Blog
Bergin Financial, Inc. filed a civil lawsuit against First American Title Company A&S Appraisal Group, Inc. Lincoln Title Company Caliba, LLC dba Omicron Development Aaron Rentals, Ltd. Brody Rentals, Ltd. Burlingame Enterprises, Ltd. Cancun Properties, Ltd. Daniel Rentals, Ltd. E&R Rentals, Ltd. G&G Rentals, Ltd. Grossman Rentals, Ltd. H&D Rentals, Ltd. ...
Repeat Offender Steals Identities for Mortgages
California Man Arrested
Hubert Jene Turner, 36, Corona, California was arrested on charges of obtaining money under false pretenses, identity theft and posing as a real estate agent in connection with a real estate scheme. He allegedly posed as a real estate agent, agreed to buy homes for $20,000 to $50,000 over the list price - asking sellers to credit him the extra...
Guilty Plea for Real Estate Imposter
Guaranteed Loans in Exchange for Upfront Payments
Robert Franklin Miller, 51 plead guilty to four counts of felony theft in Baltimore County Circuit Court, Maryland. Authorities alleged that Miller ran newspaper ads soliciting people with poor credit and claiming that a mortgage could be obtained for any applicant for $2,500. He allegedly posed as an attorney and real estate broker, showed...
Wednesday, January 12, 2005
Civil Complaint Filed Alleging Fraud Scheme in Fort Wayne, Indiana
ABN AMRO v. Maximum Mortgage - Click here to View Civil Complaint - Available on Mortgage Fraud Blog
ABN AMRO filed a civil lawsuit against the following defendants: Maximum Mortgage, Inc. Justin Stuckey, Principal of Maximum Mortgage, Inc. Carrie Stuckey, Principal of Maximum Mortgage, Inc. Rex D. Wells, Real Property Investor Accelerated Title Company James Pappas, owner of Accelerated Title Corey Stuckey, manager of Fort Wayne office of...
Tuesday, January 11, 2005
Two More Guilty Pleas In Cincinnati Ohio Flipping Scheme
Plea Agreements Detail Flipping Schemes Indictments and Guilty Pleas Available on Mortgage Fraud Blog: Indictment - Steven Carey - December 15, 2004 Guilty Plea Agreement - Steven Carey - December 15, 2004 Indictment - Philip Jasper - December 15, 2004 Guilty Plea Agreement - Philip Jasper - December 15, 2004
Steven Carey, owner of a mortgage company known as Seven Hills Financial Group, waived grand jury indictment and plead guilty bank fraud, knowingly signing and submitting a false statement on a mortgage loan application and filing a false income tax return. His plea agreement outlines a flipping scheme in Cincinatti, Ohio where properties were...
Two Indicted in Philadelphia Mortgage Fraud Scheme
Taxi Cab Magnate Faces Charges Indictment Available on Mortgage Fraud Blog: Indictment of Michael Etemad and Christopher Stewart
Indicted:
Michael Etemad, Tomorrow’s Financing, Philadelphia, Pennsylvania
Christopher Stewart, Tomorrow’s Financing, Philadelphia, Pennsylvania
Scheme: The defendants are accused of submitting falsified documentation and inflated appraisals to Washington Mutual to obtain loans for unqualified borrowers.
Six Indicted in Pennsylvania Mortgage Fraud
Poconos Fraud Results in Criminal Charges
Indicted:
Donald Kishbaugh, 69, Blakeslee, Pennsylvania, owner of Eagle Valley Homes Inc., P&K Developers and Nations 1st Mortgage (offices in Marshalls Creek and Brodheadsville, Pennsylvania) (fraud, theft, conspiracy, participating in a corrupt organization, deception and forgery)
Steven P. Parisi, 42, Kunkletown, Pennsylvania, owner of Eagle...
Notorious Buffalo NY Landlord Seeks Sunny Climate
Palano leaves New York Properties in Foreclosure
An interesting story about Robert Palano‘s move to Florida and the foreclosures that are expected as the notorious landlord pulls out of Buffalo, New York. Palano has a checkered history that includes payment of $250K in fines and restitution three years ago in connection with state prosecutor allegations that he was running a scam cheating low...
Wednesday, January 05, 2005
Former Attorney Indicted for Unauthorized Practice of Law
A Burlington County Grand Jury returned a 1-count indictment charging A. David Dashoff, age 55, former attorney, Cherry Hill, New Jersey with Unauthorized Practice of Law, a crime of the 4th degree. The matter was referred to the Prosecutors Office by the state Office of Attorney Ethics for possible criminal charges. The New Jersey Supreme Court...
Monday, January 03, 2005
New York foreclosure proceeding declared invalid by federal court in bank fraud case
In Pacheco v. Serendesky, 2004 WL 2998622, 2nd Cir.(N.Y.), the Second Circuit Court of Appeals has vacated a lower court’s opinion and allowed a purchaser of property in the Bronx, New York to pursue a claim as a bona fide purchaser after she had notice that the property was subject to a criminal RICO seizure. The case began when one of two joint...
25 of 200 Vance County, North Carolina Foreclosures are within Creative Real Estate Subdivisions
Inflated appraisals reflect 200% of tax value appraisal
The annual number of foreclosures in Vance County, N.C. nearly quadrupled between 1998 and 2001. Manufactured homes, including at least 25 in Creative Real Estate subdivisions, accounted for most of the 200 foreclosures last year. ...I don't know where they got those numbers," Creative Real Estate owner Donald Gupton said about the difference...
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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 
