Wednesday, December 24, 2008
4 California Real Estate Professionals Charged With Fraud
Linda Kay Campbell, a Monterey, California mortgage broker, and real estate professionals Sharline Searle-Livingston, Ronnie Lee Esparza and Blanca M. Rivera and California corporation Ed Veronick Mortgage Loans, Inc. are charged with fraudulent marketing and unlawful business practices. The complaint alleges that the defendants engaged in deceptive advertising and fraudulent real estate loan practices since 2004.
According to the complaint, the individual defendants operated through Ed Veronick Mortgage Loans, Inc. and marketed themselves as Veronick Home Loans. According to the complaint, Linda Kay Campbell, the corporation’s designated broker, and Sharline Searle-Livingston hired unlicensed persons like Ronnie Esparza and Blanca Rivera to market and operate Veronick Home Loans through a Salinas, California branch office. The complaint further alleges that Ronnie Esparza deceptively marketed himself as a loan officer and unlawfully negotiated and brokered real estate loans.
The civil complaint has been filed in the Monterey County Superior Court and seeks a permanent injunction, civil penalties and disgorgement of illegal profits. Those consumers or borrowers having complaints about the Defendants’ advertising or business practices should contact the District Attorney’s Consumer Protection Unit, located at the County courthouse at 1200 Aguajito Road, Room 301 in Monterey. Consumers can also telephone 831-647-7770. Consumer complaint forms are also available on the District Attorney’s website at http://www.co.monterey.ca.us/da/consumer.htm.
mortgage fraud
How do you report a realator who raised the price of a home for her own profit and the person who wrote the loan was full aware of what was going on. Sincerely Mary R. Johnson mary.r.johnson@navy.mil *Note now the value of the home has drop way below what I owe for the home?
Posted by on 01/04 at 10:40 AM
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Erie Area Mortgage Broker Gets Prison in Fraud Case
GoErie.com - Erie, PA
Shortly before receiving a nearly three-year federal prison sentence, former mortgage office manager Francis R. Conti told the judge he never meant to defraud any of the homeowners caught up in a widespread local mortgage-fraud scheme.
Three Former Portland-Area Mortgage Brokers Face Fraud Charges
OregonLive.com - Portland, OR
Joel D. Surprenant, Michael Duc Han and Benjamin Lucian Lucescu all were charged with one count of obtaining mortgage loans through materially false and fraudulent pretenses.
Shaker Pair Pleads Guilty to Mortgage Fraud Charges
Cleveland.com - Cleveland, OH
Two Shaker Heights residents recently pleaded guilty to charges involving a mortgage scheme with seven area houses and $3 million in fraudulent loans.
Feds File Charges in Five Mortgage Fraud Cases
Chicago Breaking News - Tribune - Chicago, IL
Federal charges were filed today against 37 people and four companies in five separate mortgage fraud cases.
Feds Fighting Back
Contra Costa Times - Walnut Creek, CA
Mortgage fraud has increased so dramatically in the San Joaquin Valley that a task force of federal, state and local agencies has been formed to fight back.
Private Investigator Sees Rise in Mortgage Fraud Due to Economy
PR Web - Ferndale, WA
In the past 12 months his firm has been retained to conduct over 300 mortgage fraud investigations, a 100% increase from 2007.
Former UGA, NFL Football Player Arthur Marshall Charged With Mortgage Fraud Claims
WJBF-TV - Augusta, GA
He is also accused of defrauding three banks in obtaining loans for seven different properties in Columbia and Richmond Counties.
Cuomo Subpoenas Loan Modification Companies
New York Times - United States
“The entire industry is a scam, in my opinion,” Mr. Cuomo said Tuesday. “These are services that homeowners don’t need to pay for in the first place.”
Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Imperial Valley News - Holtville, CA
Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.
Fed Drug Report: Double Trouble for Metro Chicago
ABC7Chicago.com - IL
...Chicago street gang members run a network of legitimate businesses and have engineered mortgage fraud schemes, both to launder drug proceeds...
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Update - US v. F. Jeffrey Miller, et al.
Miller II: Judge Julie Robinson has ruled in favor of the defense motion granting a continuance for sentencing of the 3 convicted defendants: F. Jeffrey Miller, Steve Vanatta and Hallie Irvin. The three will now be sentenced after ruling on post trial motions set for August 10, 2009.
Vanatta has been in custody for over 2 years. Vanetta filed a motion for his release pending sentencing. That motion was denied.
Miller remains free pending his sentencing. He has hired a new attorney who filed a motion to delay Miller's sentencing. In one post trial motion, the defense argues as to what assets are subject to seizure.
Defendant Todd Earnshaw is a Kansas City real estate Broker (and brother in law of Miller). Earnshaw has been indicted in what is commonly referred to as Miller I. A trial date for that matter has been set for January, 2010 in Topeka, Kansas.
The Government filed a motion to revoke Earnshaw's bond and remand him to custody while he awaits trial after learning that he allegedly committed the state crimes of Driving Under the Influence, Handicap Parking Violation and Failure to Control Speed to Avoid a Collision while on pretrial release. Notwithstanding finding that probable cause existed to believe that Earnshaw committed the aforementioned state crimes, Judge Robinson denied the motion, but ordered several strict conditions that Earnshaw must follow pending his trial.
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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. 
