Thursday, October 30, 2008
Detriot Man Admits Loan Application Misreps
Sandy Robinson, 50, Detroit, Michigan, pleaded guilty to committing bank fraud in connection with a mortgage fraud conspiracy. One of Robinson‘s codefendants, Danyell Johnson, pleaded guilty on September 8, 2008; two other indicted co-conspirators, Pierre Greene and Jacque Miller, are awaiting trial.
The evidence before the Honorable Gerald E. Rosen established that from July 2005 through February 2006, Sandy Robinson aided and abetted his codefendants and others in obtaining fraudulent mortgage loans totaling approximately $350,000 for properties located at 13329 Flanders, 17174 Joann, 13707 Glenwood, 17160 Fairport and 11072 / 11074 Promenade, Detroit, Michigan.
For example, on September 12, 2005, to obtain a mortgage for $83,600 on the property at 13329 Flanders, Detroit, Robinson falsely represented that he had been employed by Perfect Choice Cleaning and Maintenance during the previous 3 years with a monthly salary of $3,400, and that he had rented a home at 5304 Rohns. In fact, Robinson was serving a prison sentence in the custody of the Michigan Department of Corrections from April 24, 2003 through April 19, 2005, so he had been neither gainfully employed nor a resident of Detroit during that time period.
The lending institutions relied upon these false statements, as well as upon additional materially false representations by others involved in the mortgage fraud scheme, and extended mortgage loans on the 5 properties. The loans went into default, resulting in losses totaling approximately $350,000 to federally insured financial institutions (including Deutsche Bank Trust Company North Americas).
Acting United States Attorney Berg said, “Mortgage fraud is not only a threat to the economy, but to all American homeowners, and those who dream of one-day becoming a homeowner. My office and the FBI have committed major resources to investigate and prosecute those who have tried to illegally exploit the housing market for their own material gains.”
Sandy Robinson‘s sentencing hearing is set for January 26, 2009. A conviction for this offense carries a maximum penalty of 30 years in prison or a $1,000,000 fine, or both. The sentence will be imposed under the United States Sentence Guidelines according to the nature of the offense and the criminal background, if any, of the defendant.
US Attorney Berg was joined in the announcement by Special Agent in Charge Andrew G. Arena of the Federal Bureau of Investigation.
mortgage fraud
This all seems intersting, but, I cant find anyone who cares!
I’ve have the evidence in a particular case, the seller’s name was forged, as determined by 2 forensic document examiners, the settlement sheets were changed to help the buyer qualify for a loan he wasn’t qualified for, the lender was decieved into thinking the buyer was qualified and the seller was cheated out of money due and she didnt even agree to the sale. The police were contacted, the sheriffs offce, the state police, the banking commission, the governor and the FBI. No one cares! We have been sued by the tennants, spent over $12000. in legal fees to recover damages and to get a ruling that the signature is not real so we aren’t held liable for the bank fraud and we cant get anywhere. The judge says a title company isn’t a “professional” business so we cant even recover legal expenses. This company and thier lawyer are so comfortable with the forged documents and documents with witnesses to signatures that arent there that they don’t even notice it. We’re sick of it does anyone know who cares? These people need to be stopped, we cant afford to continue and we dont want to be liable for participating in bank fraud.
Posted by on 11/06 at 03:06 PM
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Some Sources require Registration.
Erie Area Mortgage Broker Gets Prison in Fraud Case
GoErie.com - Erie, PA
Shortly before receiving a nearly three-year federal prison sentence, former mortgage office manager Francis R. Conti told the judge he never meant to defraud any of the homeowners caught up in a widespread local mortgage-fraud scheme.
Three Former Portland-Area Mortgage Brokers Face Fraud Charges
OregonLive.com - Portland, OR
Joel D. Surprenant, Michael Duc Han and Benjamin Lucian Lucescu all were charged with one count of obtaining mortgage loans through materially false and fraudulent pretenses.
Shaker Pair Pleads Guilty to Mortgage Fraud Charges
Cleveland.com - Cleveland, OH
Two Shaker Heights residents recently pleaded guilty to charges involving a mortgage scheme with seven area houses and $3 million in fraudulent loans.
Feds File Charges in Five Mortgage Fraud Cases
Chicago Breaking News - Tribune - Chicago, IL
Federal charges were filed today against 37 people and four companies in five separate mortgage fraud cases.
Feds Fighting Back
Contra Costa Times - Walnut Creek, CA
Mortgage fraud has increased so dramatically in the San Joaquin Valley that a task force of federal, state and local agencies has been formed to fight back.
Private Investigator Sees Rise in Mortgage Fraud Due to Economy
PR Web - Ferndale, WA
In the past 12 months his firm has been retained to conduct over 300 mortgage fraud investigations, a 100% increase from 2007.
Former UGA, NFL Football Player Arthur Marshall Charged With Mortgage Fraud Claims
WJBF-TV - Augusta, GA
He is also accused of defrauding three banks in obtaining loans for seven different properties in Columbia and Richmond Counties.
Cuomo Subpoenas Loan Modification Companies
New York Times - United States
“The entire industry is a scam, in my opinion,” Mr. Cuomo said Tuesday. “These are services that homeowners don’t need to pay for in the first place.”
Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Imperial Valley News - Holtville, CA
Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.
Fed Drug Report: Double Trouble for Metro Chicago
ABC7Chicago.com - IL
...Chicago street gang members run a network of legitimate businesses and have engineered mortgage fraud schemes, both to launder drug proceeds...
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Update - US v. F. Jeffrey Miller, et al.
Miller II: Judge Julie Robinson has ruled in favor of the defense motion granting a continuance for sentencing of the 3 convicted defendants: F. Jeffrey Miller, Steve Vanatta and Hallie Irvin. The three will now be sentenced after ruling on post trial motions set for August 10, 2009.
Vanatta has been in custody for over 2 years. Vanetta filed a motion for his release pending sentencing. That motion was denied.
Miller remains free pending his sentencing. He has hired a new attorney who filed a motion to delay Miller's sentencing. In one post trial motion, the defense argues as to what assets are subject to seizure.
Defendant Todd Earnshaw is a Kansas City real estate Broker (and brother in law of Miller). Earnshaw has been indicted in what is commonly referred to as Miller I. A trial date for that matter has been set for January, 2010 in Topeka, Kansas.
The Government filed a motion to revoke Earnshaw's bond and remand him to custody while he awaits trial after learning that he allegedly committed the state crimes of Driving Under the Influence, Handicap Parking Violation and Failure to Control Speed to Avoid a Collision while on pretrial release. Notwithstanding finding that probable cause existed to believe that Earnshaw committed the aforementioned state crimes, Judge Robinson denied the motion, but ordered several strict conditions that Earnshaw must follow pending his trial.
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