Wednesday, August 29, 2007
Alaskan Branch Manager Sentenced for Falsifying Information
Kourosh Partow, 41, Chugiak, Alaska, was sentenced in federal court in Anchorage to 25 months imprisonment and a $50,000 fine for his conviction on two counts of wire fraud arising from a scheme to falsify information on mortgage loans originated by him while acting as a branch manager for the Anchorage offices of Countrywide Home Loans and American Home Mortgage. Partow was also ordered to pay $190,000 in restitution to Countrywide Home Loans and FNMA for losses incurred as a result of the scheme.
According to the indictment, the properties involved were:
2201 W 48th Ave., Anchorage
15621 Stanwood Cir., Anchorage;
3423 Murphy Cir., Anchorage;
308 Davis St., Anchorage;
10936 Elmore Rd., Anchorage;
5431 O’Malley Rd., Anchorage;
6673 Shangri-la Cir., Anchorage;
702 Deermont St., Ketchikan;
6465 Whispering Loop, Unit A & B, Anchorage;
9640 E Forest Grove Cir., Palmer;
705 W 27th Ave., Anchorage;
12343 Silver Spruce Cir., Anchorage;
4265 S Timberland Loop, Wasilla; and
205 Daily Ave., No. 1; Anchorage.
The information presented to the court by Assistant United States Attorney Karen L. Loeffler, revealed that Partow, while branch manager of the Anchorage, Alaska office of Countrywide Home Loans, engaged in a scheme with Azem Limani and others to falsify loan documents by inflating incomes and issuing straw or nominee loans to individuals who were not the true recipients of the loans.
Prior to imposing sentence after a two day sentencing hearing, Judge Holland stated that the sentence was justified by the “outright falsification of loan programs,” Partow’s abuse of his role as a manager of various loan companies, and his use of his expertise to trick the systems in place to verify loans in those institutions.
mortgage fraud
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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.
More Trial Coverage
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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 
