Monday, December 02, 2002
Essex County, New Jersey Sheriff’s Officer Admits Defrauding HUD Housing Program
An Essex County, New Jersey Sheriff’s Officer today admitted defrauding a federal housing program that gives law enforcement officers homes at half-price in urban neighborhoods, U.S. Attorney Christopher J. Christie announced.
Ismael Rodriguez, 50, admitted that he lied on an application to the federal Department of Housing and Urban Development (HUD), making it possible for him to get two half-priced homes under the special program designed to put law enforcement officers into homes in redeveloping neighborhoods.
“This was simply shameful conduct,” Christie said. “This program was generous to Rodriguez and helpful to the community. A law enforcement officer conducting this kind of fraud against his own community needs to be prosecuted to the fullest.”
Rodriguez pleaded guilty before U.S. District Judge Anne E. Thompson to a one-count Information charging him with making false statements to HUD. He faces a maximum penalty of five years in prison and a $250,000 fine, according to Assistant U.S. Attorney Brian R. Howe. Sentencing was set for March 11.
HUD runs a federal housing assistance program - the “Officer Next Door Sales Program” - under which it sells homes located in areas designated for revitalization to law enforcement officers at a 50-percent discount in price. In exchange for the substantially reduced price, law enforcement officials are required to own and use the home as a sole residence for at least three years, and not own any other residential property.
Rodriguez admitted to making false statements in May 2000 to HUD in connection with his application under the Officer Next Door Sales Program to purchase a $100,000 home located at 527 Parker Street in Newark, New Jersey. Rodriguez admitted that he did not plan to divest himself of other residential properties he owned, as required under the program.
Rodriguez acknowledged at the plea hearing to making false statements to HUD just six months earlier in November 1999 when he applied under the Officer Next Door Sales Program for a another, $34,000 home located at 33 Martin Luther King Boulevard, Newark, New Jersey. Rodriguez admitted that he was required to live at this residence for a minimum of three years. Thus, Rodriguez was in violation for buying the second home.
mortgage fraud
I understand an officer of the law should follow the law, and if they don’t they should be required to pay the penalty just like we would.
I was reading about “The Officer Next Door” program (that’s how I found your site), and I was doing searches and came across www.hudclips.org telling about that program and the one for “Teachers Next Door” and a newer version for professionals like EMT’s and fire fighters called “Good Neighbor Next Door”.
While I understand putting these professionals in areas that are being “revitalized” and giving them an incentive to live in those areas, why should “Good Neighbors Next Door” be limited to just some elite (Aryan) race? Why not make a “Good Neighbor” anyone that has kept themselves out of trouble, held down a job, paid their taxes and been good citizens?
Posted by on 03/24 at 07:04 PM
This space provides lot of eyeopener and enhances ones on do’s and donts and what not !… Very much informative.
Posted by on 05/21 at 03:56 AM
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Mortgage Fraud: Beware the Wolf (Loan Officer) in Sheep's Clothing
24-7PressRelease.com - USA
US consumers looking to refinance their homes or to secure a home loan to purchase their dream homes would be well advised to educate themselves...
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Because she had title insurance, Kunda will probably get back her money from the 2007 purchase, but the incident highlights cracks in the real estate market and the risk from international scammers who are growing more sophisticated.
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Daytona Beach News-Journal - Daytona Beach, FL
The U.S. Justice Department has formed more than 40 mortgage fraud task forces nationwide as prosecutors and investigators struggle with a flood of mortgage-related criminal cases. The FBI reports that its mortgage-fraud caseload has more than doubled in three years to about 1,600 investigations that have cost lenders at least $4 billion. About 200 FBI agents are assigned to the cases, up from 120 a year ago.
Yanchek may take plea deal
Herald Tribune
Sarasota attorney John Yanchek is expected to plead guilty to mortgage fraud next week, statements from a federal prosecutor and the judge presiding over the high-profile criminal case seem to indicate.
Bear Stearns Execs Trial Slated for September
News Inferno
Two former Bear Stearns hedge fund executives are slated to go to trial in September over charges that they lied to investors about two of the funds they managed
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Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared with the year-ago period.
Report Finds Tampa No. 2 In Florida For Iffy Mortgages
Tampa Bay Online
In a state that leads the nation in mortgage fraud, Tampa had the second most cases of suspicious loan activity of any Florida city, according to a report released this morning from the Reston, Va.-based Mortgage Asset Research Institute.
Mortgage Fraud Jumps by 45% on Fewer Loan Applications in U.S., Per... MARI
Cloud Computing Journal
Key findings from the MARI Quarterly Fraud Report include that fraud most often occurs at the beginning of the loan process. More than 65 percent of fraud incidents are attributed to "General Application Misrepresentation"
Seven Are Accused Of Identity Theft And Mortage Fraud
The Star Ledger, New Jersey
Seven people have been arrested in connection with an international identity-theft scheme that targeted home equity lines of credit and siphoned at least $2.5 million away from dozens of banks, including more than 10 in New Jersey, according to documents unsealed today.
Suthers Cracks Down On Mortgage Fraud
Rocky Mountain News - Denver, CO
Suther’s office also indicted 10 individuals last March in an $11 million mortgage fraud ring involving 34 local properties...Several other investigations of mortgage fraud are ongoing.
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
U.S. v. Miller, et al.
Thursday, December, 18, 2008
Verdict:
F. Jeffrey Miller Guilty of Conspiracy and Money Laundering
Steven Vanatta Guilty of Conspiracy , Money Laundering and Bank Fraud
Hallie Irvin Guilty of Conspiracy , Money Laundering and Bank Fraud
Sandra Jo Harris Not guilty- all counts
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