Tuesday, November 15, 2005
Four Indicted in $2 Million Dallas Mortgage Fraud Scheme
Four men were indicted in Dallas, Texas in connection with an alleged mortgage fraud scheme involving approximately $2 million in fraudulent loans. The indictment, handed down by a grand jury in the Northern District of Texas, charges seven counts of conspiracy, mail fraud, wire fraud and bank fraud against the following individuals:
Charles Cooper Burgess
Mark Manners
Robert L. Loeb
Andrew Siebert
According to the indictment from December 2002 through March 2004, the defendants engaged in a conspiracy whereby they would locate single family residence to purchase and recruit straw borrowers to purchase the homes. They would submit fraudulent loan documentation to lenders in the name of the straw borrowers to obtain loans in an amount greater than the value of the residences and cause inflated loan amounts to be funded by mortgage lenders and financial institutions. The fraudulently obtained proceeds were paid out of the proceeds of the loans to Custom Select Homes and/or Better Homes of Dallas, company names utilized by the defendants and were, according to the indictment, distributed among the conspirators and others. In addition, the defendants would execute contracts between their company and the straw borrowers providing that the company would be responsible for the loan and would then fail to fulfill those contracts.
Properties listed in the indictment include:
2405 Northridge Drive, Garland, Texas
1821 Rockford Court, Allen, Texas
500 Lamar Court, Irving, Texas
1609 Milsap, McKinney, Texas
7412 Boulder Creek, McKinney, Texas
8242 Library Street, Frisco, Texas
mortgage fraud
These “Four Men” sound like a REAL threat to society! What about the rapists, child molestors, murderers and that lady with Red Hair that drinks champagne all the time that tells me that the bunnies are outside?
Posted by on 12/01 at 05:42 PM
These four men and others are a REAL threat. One man lost $300,000 in another bogus scheme by one of these guys. I have personally lost over $60,000 when I was duped into a subsequent purchase of the 2405 Northridge property by one of Mr.
Burgess’s former employees. I may even lose more if the bank comes after me in foreclosure. Don’t you think I feel violated?
Posted by on 12/18 at 03:38 PM
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Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
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The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...
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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
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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
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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
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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
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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.
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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.
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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 
