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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. Email Ms. Dollar

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- Missouri Announces Mortgage Fraud Indictments
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Wednesday, March 05, 2008

Additional Members Indicted In Ohio Mortgage Fraud Ring

Hany Bekhit, Moemen Ibrahim, Dijana Ibrahim and Alaa M. Abouelenein, were indicted by the Delaware County grand jury officially charging them for their connection to the multi-million dollar mortgage fraud scheme that operated in Ohio counties, Delaware and Franklin.

Bekhit, 35, California, M. Ibrahim, 41, New Albany, Ohio, and Abouelenein, 28, Columbus, Ohio, were each indicted on five counts of money laundering, two counts of forgery and one count each of aggravated theft and receiving stolen property. D. Ibrahim 28, Hilliard, Ohio, was charged in a 16-count indictment, which includes charges of engaging in a pattern of corrupt activity, money laundering, forgery, aggravated theft and receiving stolen property. Arrest warrants have been issued for all four.

Agencies with the Ohio Organized Crime Investigations Commission - which includes the Delaware County Prosecutor’s Office, the Ohio Attorney General’s Office and Powell Police Department - had been investigating this criminal ring for over a year when they arrested ring member Gihan Zalat, 40, Columbus, Ohio.  A grand jury handed down identical 15-count indictments against Zalat and one other ring member - Scott McCann, 45, Columbus, Ohio. Charges include money laundering, engaging in a pattern of corrupt activity, aggravated theft and receiving stolen property.

At arraignment, both pled not guilty to the charges and bond was set at $500,000 for Zalat and $100,000 for McCann. Zalat is currently being held in the Delaware County Jail. McCann was released after posting bond.

The scheme, operated under the assistance of unethical appraisers and brokers, involved homes that were appraised at more than their factual value then sold for the above market price to ring members. The homes were financed through unsuspecting lending institutions, which provided those involved with a significant amount of money. Along with fraudulent appraisals, members also used falsified tax returns and loan documents to swindle the lending institutions out of thousands of dollars.

Six of the homes involved were in the Dublin and Powell area of Delaware County, Ohio. Many of the houses involved were never occupied after sale and went into foreclosure.

Aboulenein Indictment;
Dijana Ibrahim Indictment;
Bekhit Indictment; and
Moemem Ibrahim Indictment.

   

Posted by Staff Reporter on 03/05/08 at 04:53 AM
Mortgage FraudOhio
  1. i think my husband and i have a vicdoms of this. if anyone can help please contact me.
    thank you

    Posted by  on  03/12  at  12:38 PM

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The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.

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