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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Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
CNNMoney.com
The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...
Mortgage Fraud Case Appears Headed to Jury in Jackson County Circuit Court
The Jackson Citizen Patriot - MLive.com
The prosecution and defense rested Thursday in the mortgage fraud cases against Teresa Marie WIlson and Angelo Surveo Williams.
Wyoming Woman Charged with Mortgage Fraud After Allegedly Stealing Sister's Identity
MLive.com
A Wyoming woman is facing felony charges accusing her of stealing her sister's identity to obtain a mortgage...then defaulting on that mortgage, leaving taxpayers on the hook.
U.S. Attorney Targets White-Collar Crime
Wall Street Journal
In San Francisco, Mr. Russoniello said he is trying to crack down on cases like mortgage fraud, though he doesn't have the budget to hire additional white-collar prosecutors.
Arrests Made in Orlando Mortgage Fraud Roundup
MyFoxOrlando.com
During the real estate boom two years ago, some units were going for a half million dollars. Now some are short selling for just 50 grand.
10 Accused of Mortgage Fraud at PR Coastal Resort
Forbes
A developer and nine other people, including a former salsa singer, have been charged in an alleged $14 million mortgage fraud in Puerto Rico...
Strodtman Jury Selected in Mortgage Fraud Trial
Greeley Tribune
Attorneys will deliver opening statements this morning in the trial of Mark Strodtman, who is accused of bilking homeowners in a mortgage scheme years ago.
FHA Digging Out After Loans Sour
Wall Street Journal
Most banks rejected Ms. DeForte because her debt level was too high and her credit score too low. But Lend America put Ms. DeForte into a $402,000 loan backed by the Federal Housing Administration...
Mortgage Fraud Probe Nets 105 Across State
Bradenton Herald
At least one local man is among 105 people arrested across the state following a nine-month investigation into organized mortgage fraud.
Mortgage Fraud Increases
MortgageRates.co.nz
The number of frauds involving professional advisors, such as accountants and lawyers, has increased from two to four since March 2008.
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
F. Jeffrey Miller Update - October 20, 2009
A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.
Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied.
Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.
The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.
Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.
The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.
Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.
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