Thursday, June 08, 2006
Colorado Real Estate Agent Setenced to Four Years
Colorado real estate agent William E. Mendez, 41, Denver, was sentenced to serve 49 months in federal prison and was ordered to pay restitution totaling $1,227,081.59 to the HUD. Mendez was ordered to to report to a facility designated by the Bureau of Prisons by July 10, 2006. Mendez and his seven co-defendants were indicted on allegegations that they originated loans to unqualified buyers, many of whom were in the United States illegally.
William Mendez was indicted, along with other members of his Lakewood, Colorado real estate firm, by a federal grand jury in Denver on September 13, 2005. He pled guilty on March 17, 2006. As part of the plea agreement the defendant agreed that he not work in any facet of real estate, whether as a broker, lender, mortgage banker or investor.
Seven others were indicted for participating in this fraud. Of the seven, all have pled guilty, and two await sentencing.
According to the Mendez plea agreement, beginning in 1999, the defendant began operating a real estate agency in Lakewood, Colorado. While running the real estate agency, Mendez developed office practices designed to allow him and his other real estate agents and employees to assist clients whom they knew to be illegal aliens or otherwise unqualified to receive home mortgages to purchase homes and obtain home mortgages.
Between January of 2000 and November of 2002, the Mendez real estate agency assisted such clients in preparing over 100 false and fraudulent residential home loan applications. These home mortgage applications were insured by HUD through the Federal Housing Administration (FHA). The defendant also made payments to loan officers to insure the approval of these applications.
Others indicted, and their subsequent dispositions in this case include:
Rogaciano Caldera, sentence pending.
Leonor Martinez, sentenced to time served, and ordered to pay restitution totaling $35,620 to HUD.
Maria Lidia Baeza, sentenced to time served.
Patricia Soehnge, sentenced to serve 18 months in federal prison, and ordered to pay restitution totaling $41,734 to HUD joint and severely with defendant Nicolas Lopez.
Nicholas Lopez, sentenced to serve 5 years probation, and ordered to pay restitution totaling $40,984 to HUD joint and severely with Patricia Soehnge.
Claudia M. Mendez, pled guilty, and is scheduled to be sentenced on 6/21/2006.
Benedicta Gomez, pled guilty, and is scheduled to be sentenced on 8/24/2006.
mortgage fraud
I would like to read the complaint. Can you post it? Or, provide the name and address of the court and the case number?
Posted by
phil rice on 06/08 at 06:28 AM
Post a Comment
The trackback URL for this entry is:
Trackbacks:
Previous entry:
Return to Mortgage Fraud Blog Home
|
Some Sources require Registration.
Marco Island Man Arrested in Ohio on Grand Theft Charge
Naples News
A man who claimed he was a broker is accused of bilking a long-time family friend out of more than $130,000.
Failed Mortgage Firm Trustee Allowed $50,000 in Fees
Union Leader
U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CL&M Inc.
Bend Oregon Event to Help Homeowners Prevent Foreclosures
Oregon.Gov
As part of an ongoing effort to help homeowners avoid foreclosure, state agencies are organizing a foreclosure-prevention event in Bend on Saturday, March 27, 2010.
Shelbyville Man Gets 2-Year Sentence For Loan Fraud
Chattanoogan.Com
Prosecutor Gary Humble said the lost was approximately $2.3 million in the mortgage fraud involving hundreds of homes in the Shelbyville area.
Lend America, VP Ashley Banned from FHA
Housing Wire
Michael Ashley, the embattled former vice president of Federal Housing Administration (FHA)-backed mortgage originator Lend America, and the company he worked for, were permanently banned from doing business in the industry last week.
Countrywide Tries to Pin Blame on Insurer
Court House News
Countrywide Home Loans demands $111 million from Triad Guaranty Insurance, claiming Triad is trying to blame mortgage lenders for the insurer's role in the housing bubble and collapse.
Investors Say They Were Swindled in Property Scheme
Fox 13 Now
Utah Division of Consumer Protection is joining forces with a few investors who claim they have been cheated by an agency called "Utah Mini Ranches.
Greenfield Man Accused of Housing Scam
The Republic
A former real estate agent conned at least eight people by renting them properties actually owned by a federal agency and then running off with their deposits, prosecutors said.
Appraisal Institute Opposes Obama Administration's Plan for Homeowner 'Short Sales'
PR News Wire
Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage "short sales" of homes.
Ownership Rights to Get Another Look
TBO.Com
State lawmakers may beef up protections of property owners' rights by rewriting a law this spring that is at the center of a case of alleged fraud in Pasco County.
Previous Articles
|
Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Follow Anne on Twitter.
Thursday, February 18, 2010
F. Jeffrey Miller Trial - 1 Convicted, 3 Acquitted
The jury deliberated for approximately 3 days after receiving their jury instructions. They asked one question:
Does ‘common sense' allow us to deduce what the banks may or may not been influenced by in order to make a loan?
Judge Julie Robinson responded by admonishing the jurors to read all of the instructions.
The jury presented its' verdict... Read More...
Thursday, February 18, 2010
F. Jeffrey Miller Trial Continued Testimony
As reported by Anne Mitchell, who viewed the trial:
Angela Parenza worked for Jeff Miller as the office manager for 7 or 8 years beginning in 1998. Parenza was indicted along with Miller and pled guilty to conspiracy to commit bank fraud and money laundering. Parenza testified that Miller or his contractors allegedly preferred to build all the... Read More...
Wednesday, February 10, 2010
F. Jeffrey Miller Trial Coverage Continued - Witness Testimony
Steve Middleton Testimony - Coverage Provided by Anne Mitchell
The Government continued in its cross examination of Steve Middleton. He was shown several HUD-1 statements involving sales of homes located in Overland Park, KS, and Olathe, KS. The HUD statements each allegedly showed line items of payments to (James) Moser & Associates, LLC's... Read More...
Monday, February 01, 2010
F. Jeffrey Miller Trial Coverage - Continued Witness Examination
According to Anne Mitchell, who is present in court for the trial:
Next Witness: Kelly Sanford
Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in... Read More...
Wednesday, January 27, 2010
F. Jeffrey Miller Trial - Prosecution Witnesses Continued
According to Anne Mitchell, who is viewing the trial:
January 13, 2010
Witness: Rick Hayes
Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John...
|
|
|
|
|
|
|
|
|
|
|
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 
