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
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Kevin J. O’Keefe, 48, Middletown, formerly of Bloomfield, Connecticut, pleaded guilty before United States District Judge Alvin W. Thompson to one count of conspiracy to commit financial institution bribery and one count of bank fraud.
According to documents filed with the Court and statements made in court, O’Keefe was a Vice President at Fleet Bank (and Bank of America after it acquired Fleet Bank) in Hartford, Connecticut, from approximately October 2001 to February 2007. In pleading guilty, O’Keefe admitted that he conspired with Individual A, who was a lawyer in Connecticut, and Individual B, who was a real estate developer in Connecticut, to enrich themselves through the use of O’Keefe’s position at the bank. O’Keefe admitted that he and his co-conspirators corrupted the bidding process on distressed loans that Fleet Bank was selling. As part of the scheme, O’Keefe, Individual A and Individual B created shell companies through which to submit bids on distressed loans being sold by Fleet Bank and with which to receive and distribute proceeds from the scheme. O’Keefe admitted that he had access to and obtained confidential information belonging to Fleet Bank and that he provided that information to Individual A and Individual B so that it could be used to submit winning bids on distressed loans. In addition, O’Keefe admitted that he intentionally provided outdated information to other bidders involved in the bidding process in order to cause those bidders to submit artificially low bids. O’Keefe provided Individual A and Individual B with access to the most up-to-date information. O’Keefe also excluded bidders who he and Individual A and Individual B believed would submit competitive bids for a distressed loan on which O’Keefe, Individual A and Individual B sought to bid.
O’Keefe has acknowledged that Individual B paid him and Individual A approximately $100,000 on one loan that Individual B obtained through the corrupt assistance of O’Keefe and Individual A. In addition, Individual B agreed to pay a shell company, referred to here as “LA,” 15 percent of the profits on another distressed loan on which Individual B, with Individual A and O’Keefe’s corrupt assistance, had submitted a winning bid. The 15 percent of the profits on the loan that Individual B (through his own shell company) paid to LA amounted to more than $1.4 million, which Individual A and O’Keefe essentially split evenly.
In pleading guilty, O’Keefe also admitted that, in December 2005 and January 2006, he and Individual A engaged in a separate scheme to defraud Bank of America and a client of Individual A out of money. In that scheme, the client contacted Individual A, who was his lawyer, about getting a mortgage release from Bank of America for an old mortgage. Individual A contacted O’Keefe about it, and O’Keeke checked Bank of America’s internal records for the mortgage. O’Keefe found that no record of the mortgage existed within the bank. However, O’Keefe and Individual A conspired to defraud the client and the bank by telling the client that the bank would release the mortgage for $55,000, which the client paid to Individual A through his law firm’s trust account. Individual A then paid the $55,000 to O’Keefe. The defendant signed a release on behalf of Bank of America for the mortgage, which was provided to the client.
Judge Thompson has scheduled sentencing for August 29, 2008, at which time O’Keefe faces a maximum term of imprisonment of 35 years and a maximum fine of more than $1,000,000.
This case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Eric J. Glover.
My name is Dawn Sutton, I’m one of the victims of the Kanya T. Coleman Case. Before my case can be heard befor a judge I have not been told by the courts to have Kanya Served with a proof of service. Kanya has made very difficult for people to find her. Can someone please tell me how i can find her address.
Posted by on 06/17 at 09:07 AM
She moved to Los Angeles CA, to avoid prosecution. I do not have her direct address. She is in hiding....
Posted by on 06/23 at 10:49 PM
The individuals with wealth and access to offshore accounts would abuse their advantages and use schemes to evade tax obligations. The Justice Department and the Securities and Exchange Commission are examined.
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zancy
Posted by on 07/03 at 02:59 AM
kanya is laying low like the snake in the grass she is.she never shows up to her court dates.you cant find her to serve her so serve her attorneys.one of the is gareed pham in los angelas, ca.
Posted by on 07/08 at 08:34 AM
HANGTOWN FORECLOSURE THE TRUE FACTS ARE YOU WILL NEVER GET A LOAN MODIFICATION AND THE BANKS WILL TAKE YOUR HOME BECAUSE THE SYSTEM AND LAWS ARE ON THEIR SIDE…NO ONE REALLY CARES! GET OUT!
This reality homemade film exposes the TRUE STORIES and interviews of families who have been trying to get a loan modification only to find out that they are being set-up and lied to by their banks and mortgage companies .Losing paper work multiple times, stalling, and using every trick possible, home owners are finding find out that they are already on a list to go into Foreclosure.
See and hear first hand real home owner’s stories stressed out, broke and pissed off once it’s too late to save their homes. Surprised and caught off guard to find out that these companies never intended to work with them as promised and are getting away with mass home owner murder destroying towns and communities all over America…
Foreclosures in America are out of control and will continue to increase at an alarming rate of over 400% in the next few years. The true facts are that no matter what your lead to believe loan modifications and government agencies put in place to help home owners stay in their homes ends up being a SCAM and lie favoring the crooks.
The producer of this film has put the system to test. See documented proof about his own foreclosure nightmare by uncovering a company called MERS who he had never heard of before.
How could these supposedly reputable companies lose your loan modification documents 4 times? SOMETHING STINKS IN AMERICA!
Did you know that banks make more money by taking your home and the system and laws are on their side? Did you know that California , Nevada and over 30 other states in the U.S are considered non-judicial foreclosure states which means that home owners have no legal recourse by going to court to try to keep their homes, even of fraud is proved? Big Banks and Mortgage Companies are having a GET OUT OF YOUR HOUSE PARTY and are truly laughing all the way to the bank.
WHO IN THE HELL IS MERS? No one knows that a company called Mortgage Electronic Registration Systems owns their home and from day 1 were appointed as the beneficiary of their note. MERS owns and sold over 60million Mortgages to Wall Street investors by using your home as collateral making big profits for everyone but you. MERS is supported and used by big Banks and Mortgage Companies to take your home and there’s not much you can do to stop them.
This film will show that MERS has 100’s of lawsuits filed against them all over America. Judges and courts are finally becoming aware of how this SCAM Company operates by siding with the home owner and in settled cases by giving their homes back to them free and clear.
See these cutting edge legal cases and documented evidence presented by the producer that was ignored by his local DA’s offices- Government Agencies and even his local news paper because it exposes Bank of America one of their major advertising clients.
This movie is a MUST SEE if you’re a home owner fed-up with all of the lies thinking that you will get a Loan Modification or facing Foreclosure.
Ask your bank to PRODUCE THE NOTE and to give you an accounting from all of the wall street investors with your TRUST DEED because you have been a victim of Fraud and may already own your home!
THE NAMES HAVE NOT BEEN CHANGED TO PROTECT THE INNOSENT BECAUSE THE PURPOSE OF THIS FILM IS TO EXPOSE THE REAL CROOKS TRYING TO TAKE YOUR HOME!
Mike Williams
Home owner / Producer
530-306-8203 www.hangtownfilms.com
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.
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...
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...
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...
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...
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The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.
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 
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