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.
mortgage fraud
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
Zalat, your @ss is mine!
Posted by on 09/17 at 08:16 AM
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Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
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The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...
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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
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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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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 
