|
Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
|
 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 Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
|
|
|
-->
|
|
Wednesday, September 05, 2007
Alaskan Woman Sentenced for Loan Application Misrepresentations
Tequisha M. Johnson, 31, Anchorage, Alaska, was sentenced in federal court to 37 months in prison for her conviction on one count of forgery, one count of computer fraud and one count of bank fraud. Additionally, Johnson is ordered to pay $160,846.68 in restitution and serve five years of supervised release upon her release from prison. According to information presented to the court by Assistant United States Attorney Tom Bradley, Johnson admitted committing forgery to steal from the Salvation Army; using computer fraud to steal from Easter Seals; and committing bank fraud by lying to Wells Fargo Bank in an attempt to obtain a home mortgage. She was an employee of the Salvation Army and Easter Seals when she stole from them. In her attempt to obtain a loan, Johnson submitted a paystub which indicated she earned $4,000 per payperiod. The paystub did not appear on its face to be an Easter Seal paystub, however Johnson represented that she continued to be employed with Easter Seals at the time of the application process. In fact, she had already been terminated for unlawfully transferring Easter Seals’ funds to her personal bank account. In imposing sentence, United States District Judge Beistline noted that the sentence included an additional ten months because Johnson committed these crimes while released on bail.
 mortgage fraud
Can you tell me why we are NOT seeing any prosecution of mortgage fraud in Arizona?
We know it’s out here - I’ve run into several victims myself - and Arizona is something like number 7 in the country for mortgage fraud.
There’s no mention of the widespread fraud in Arizona - Maricopa County particularly - in the main and local papers either. Our DFI is supposed to be investigating these identity and mortgage fraud cases, but all we see is convictions and arrests in other states. Many of the lenders/investors have been victims of internal fraud, as well as title companies, appraisal companies, and innocent citizens here in Arizona. Are they that good that they’re not able to be convicted like they are in other states?
I’m just curious, because I believe that foreclosures are just one part of the total mortgage industry implosion. All kinds of mortgage fraud will be the other shoe that has yet to fall here in Arizona.
Please advise. Thank you!
Posted by on 09/06 at 05:10 PM Your site is the best, I like your navigation on this site, thanks 
Posted by on 09/24 at 08:02 AM Excellently, interesting and educational work! Your homepage looks really good and gives great information! Greetings from me! greetings
Posted by on 11/07 at 12:18 PM
Post a Comment
The trackback URL for this entry is:
Trackbacks:
|
Some Sources require Registration.
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.
Previous Articles
|
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
|
|
|
|
|
|
|
|
|
|
|
|
| | |
