Monday, November 19, 2007
Dorean Group Principals Found Guilty
Dale Scott Heineman and Kurt F. Johnson, principals with the Dorean Group, were found guilty by a federal jury of all remaining counts in the indictment. Sentencing for the two defendants is set for March 18, 2008.
As previously reported by Mortgage Fraud Blog, Heineman, 49, and Johnson, 42, as well as four Dorean Group “brokers” were indicted by a California grand jury in a 68-count superseding indictment charging mail fraud, bank fraud, conspiracy to commit mail fraud, wire fraud and bank fraud, and contempt of court. The superseding indictment added charges of mail fraud, bank fraud, and conspiracy to commit mail fraud, wire fraud and bank fraud against the following four Dorean Group brokers:
William Julian, 42, Cayce, South Carolina,
Farrel J. LeCompte, Jr., 35, Kingwood, Texas,
Sara J. Magoon, 29, Hamilton, Montana, and
Charles Dewey Tobias, 58, of Longwood, Florida.
These charges are the result of an investigation by the FBI.
The principals of the Dorean Group are Dale Scott Heineman, Union City, California, and Kurt F. Johnson, Sunnyvale, California. They, along with the Dorean Group and four of its brokers, are charged with operating a debt elimination scheme whereby fraudulent documents are recorded as part of their clients’ titles to allegedly transfer lenders’ secured interests in the properties when the corresponding mortgage and home equity loans had not been paid. With this fraudulently-generated free and clear title, some clients, at the direction of the Dorean Group, obtained hundreds of thousands of dollars in home equity loans from independent lenders.
Heineman and Johnson also face contempt of court charges for violating a restraining order and preliminary injunction which prohibited the Dorean Group from engaging in any activities related to its mortgage elimination scheme.
The charges in the superseding indictment relate to 24 properties in California, Colorado, Florida, Idaho, Montana, Nevada, North Carolina, South Carolina, Texas, Utah and Washington with a value of over $6 million. The FBI continues to investigate more than 550 properties throughout 35 states with a potential value of greater than $88 million in loans that may have been affected by this alleged scheme. The FBI is also investigating properties in 19 California counties affected by this alleged scheme.
mortgage fraud
Anyone out there hear of K Platinum Group, Inc.? The owner Kanya T Coleman has embezzled more than $18 million from unsuspecting homeowners and investors. Her offices were in Danville, Walnut Creek and Sacramento Calif. There is supposedly a DRE hearing Monday 11/26 in Martinez, a hearing to revoke her real estate license. Why does it take so long for these people to be convicted of such horrible crimes and why don’t they get longer sentences? By the time they do go to prison, they’ve spent all of the money and there’s nothing left for the victims. I think tougher sentences and penalties shoud be imposed so that it serves as a deterrent to anyone else even thinking about victimizing people this way.
Posted by on 11/25 at 06:55 PM
As a reminder the DRE (Department of Real Estate) does not help the consumer legally in any way to recover money. The DRE only has the power to revoke licenses.
The FBI and other agencies have a lot of work to do before they even begin an investigation.
It is adviced that if you as a consumer have any legit complaints, forward these complaints to the FBI, the district attorney and the DRE.
For legal advice, contact your attorney.
Posted by on 11/28 at 05:28 PM
This woman ruined my life she has 50,000.00 of my money she embesseled by her scheme. I pray for her and hope she pays for what she has done but you know only god will punish her.
Posted by on 09/14 at 06:20 AM
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
|
|
|
|
|
|
|
|
|
|
|
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 
