Wednesday, August 20, 2008
Former Loan Broker Charged in $1 Million Mortgage Fraud Scheme
Gene A. Bradford has been indicted in connection with a mortgage loan fraud scheme. The indictment, unsealed at Bradford’s arraignment, charges Bradford with one count of conspiracy to commit mail fraud & wire fraud, five counts of wire fraud, one count of conspiracy to commit money laundering, and three counts of money laundering. Also included in the indictment is a notice of the government’s intent to pursue forfeiture of Bradford’s property constituting or derived from the proceeds of his illegal activity . The indictment alleges that the value of such illegal proceeds is approximately $1 Million.
According to the indictment, Gene A. Bradford worked as a Mississippi mortgage broker in Hinds and Madison Counties doing business as Guardian Financial Group, LLC. The indictment alleges that from January, 2003 through approximately December 2004, Bradford and others acting at his direction prepared false and fictitious documents to insure that lenders would make mortgage loans to prospective borrowers. If the mortgage loans were successful, Bradford received a fee for his brokerage services. The false and fictitious documents, along with the loan application containing false information, were included in loan application packets submitted to potential lenders by Bradford and others acting under his direction.
The indictment further alleges that in order to obtain funding for borrowers who were otherwise unqualified to receive mortgage loans, Bradford and others acting at his direction would fabricate various kinds of documents, including but not limited to, fictitious social security benefit statements, false income and/or employment information, false verifications of rent, or false verifications of bank funds on deposit. False entries were also included on HUD-1 Settlement Statements submitted to various lenders with the final loan packets which reflected that the borrower paid cash at the closing of the loan when no such funds were paid by the borrower.
During the time period covered by the indictment, Bradford is alleged to have obtained fraudulent mortgage loans totaling over $1 Million.
This mortgage fraud investigation has been ongoing for over two years and is a joint investigation by the Internal Revenue Service and the United States Postal Inspection Service, assisted by other participating agencies in the Jackson Financial Crimes Task Force, including the Federal Bureau of Investigation, Federal Deposit Insurance Corporation-Office of Inspector General, Housing and Urban Development-Office of Inspector General, Mississippi Secretary of State’s Office, Mississippi Real Estate Commission and Appraisal Board, Mississippi Department of Banking and Consumer Finance, Hinds County Sheriff’s Office, Madison Police Department and the Madison-Rankin District Attorney’s Office.
United States Attorney Lampton stressed that this indictment represents an accusation only and all defendants are entitled to a presumption of innocence.
mortgage fraud
NOW IF ONLY TEXAS WOULD GET OFF THEIR YOU KNOW WHAT AND TAKE ACTION ON THE EVIDENCE WE AT PINE VILLAGE GAVE THEM THIS WOULD BE A BETTER PLACE.
Posted by on 08/21 at 01:48 AM
Hi, Yesterday while going through the statistics of rising mortgage fraud cases, I became quite astonished,,the rate is horrible...Julia
Posted by on 12/09 at 03:12 AM
Anyone ever heard of or done business with:
Dave Mazzeo
Bristol Realty Associates
One Executive Center Drive #102
Albany, NY 12203
Posted by on 02/13 at 09:50 AM
I’d like to know if anyone has had dealings with Bristol Realty Associates too, any info appreciated.
Posted by on 06/08 at 09:57 AM
I know this person
Posted by on 06/11 at 10:44 AM
Mazzeo with Bristol Bay Realty is a liar!!!!!!!!!!!
Posted by on 07/31 at 02:28 PM
He owes me money that he said he would repay 2 1/2 years ago !
Posted by on 07/31 at 02:36 PM
DO NOT DO BUSINESS WITH THIS MAN! HE IS A LIAR
Posted by on 10/28 at 04:16 PM
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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
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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 
