Tuesday, December 20, 2005
Last Defendant Sentenced in Lee’s Summit, Missouri Mortgage Fraud
Carl Long, 56, Oak Grove, Missouri was sentenced to three years in federal prison with parole and ordered to pay $79,500 in restitution. On April 21, 2005, Carl Long pleaded guilty to two counts of wire fraud and one count of money laundering in connection with part of a mortgage fraud scheme among three co-defendants that involved a total of 120 loans valued at nearly $18 million.
Carl Long was engaged in the mortgage lending business with his son and co-defendant Anthony Edward Long, 35, Blue Springs, Missouri, through Community HomeBanc and First Equity Banc, two Independence, Missouri companies that are no longer in business. Co-defendant Mitchell David Medlin, 43, Lee’s Summit, Missouri, was engaged in residential and light commercial construction, doing business as M&R Construction, LLC, in Lee’s Summit. Anthony Long and Medlin also pleaded guilty and have already been sentenced.
According to U.S. Attorney Todd Graves, the three co-defendants induced individuals to obtain loans in order to purchase duplexes, primarily in Lee’s Summit and Independence at Westwind, Westvale and Viking Place. They caused lending institutions to approve those loans, all based on false and fraudulent information. Long admitted that he submitted or caused to be submitted 26 loan applications for properties at Westwind and Westvale, totaling more than $3.6 million.
From December 4, 2000, to August 20, 2003, the scheme used investment properties as a means to generate excess loan funds by obtaining inflated appraisals. Those inflated appraisals, Graves explained, were based on false rental fees, phony lease agreements, fabricated comparable listings and sales, and false statements in loan applications.
Anthony Long was sentenced on Oct. 5, 2005, to three years and three months in federal prison without parole. The court also ordered Anthony Long to pay $1,388,126 in restitution. Medlin was also sentenced on Oct. 5, 2005, to five years of probation, including six months in a halfway house and six months of home detention. The court also ordered Medlin to pay $1,388,126 in restitution.
On April 21 and 22, 2005, respectively, Medlin and Anthony Long pleaded guilty to wire fraud and money laundering related to the mortgage fraud scheme. On June 23, 2005, Anthony Long also pleaded guilty in a separate and unrelated case to illegally possessing a firearm. Anthony Long admitted that he was in possession of a High Standard .22-caliber revolver on Oct. 19, 2004. Under federal law, Graves explained, it is illegal for anyone who is subject to a court order of protection to be in possession of any firearm or ammunition. On April 28, 2004, Anthony Long’s wife was granted a full order of protection by the Jackson County Circuit Court that restrained him from harassing, stalking and threatening her.
mortgage fraud
I need help investigating a lender for fraud. The owner is a convicted felon (identity theft) and her license was revolked upon notification of the conviction. She and common law spouse, also no license, have opened a mortgage business for people with bad credit. They have gone from bankruptcy, multiple vehicle repos, evictions and felony conviction in the past 2-3 years to just buying a new suburban, $450K home and opening a brand new business in new office complex in Frisco, TX. She is still on her 5 years probation. How do I find out more about this company called “Silver Key” and if they are doing business under alias or someone elses identity since that is her expertise. I know because I was the victim and can’t do anything legally to get my feet back on the ground and can’t imagine it being so easy to do illegally.
Posted by on 12/21 at 08:04 AM
Rachel - You and your site are the GREATEST! Have a wonderful Holiday. Looking forward to working more closely with you in the coming year.
C
Posted by on 12/22 at 06:31 AM
Rachel, this is the reason that i do what I now do, the Longs and Brent Barber were in this industry when i was Indicted and justice does rule. Sometimes it takes a while though. If only we would train employees on the front lines and front end and not expect to take losses on the back end, then and only then will we get a handle on the fraud problem that is running rampet within the industry.
Posted by
kevin Barnes on 01/01 at 04:22 PM
Just wanted to say hello to everyone and let them know Im back.
Posted by on 08/12 at 05:48 AM
Sure, Tony. You just got back from JAIL.
Posted by on 11/21 at 10:36 AM
Post a Comment
The trackback URL for this entry is:
Trackbacks:
|
Some Sources require Registration.
Mortgage Scam Ends with Prison
The Morning Call
A judge didn't hold back when Shirley Matthews appeared before him Tuesday to be sentenced for stealing from a Monroe County man instead of helping him save his home from foreclosure, as she was hired to do.
Woman Gets Prison Time After Mortgage Scam Conviction
Pocono Record
A New Jersey woman will be spending two to five years in state prison after she was sentenced on Tuesday for promising to help homeowners avoid foreclosure and then keeping the money she was given for their mortgages.
2 Indicted in Mortgage Scam Face New Charges
Newsday.Com
Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband
Untangling Mortgage Fraud in Chicago Condo Buildings
Chicago Public Radio
Why did so many units go into foreclosure all at once? In some cases, the reason can be traced to mortgage fraud.
No Contest Plea Entered in Real Estate Fraud Case
Northbay Business Journal
Juan Carlos Alcala of Windsor pleaded no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering and elder fraud.
Bedford Woman Sentenced to a Year in Prison for Mortgage Fraud
Plain Dealer
Sharon Cox, 49, of Bedford, was sentenced today to a year in prison for mortgage fraud involving money laundering, theft and receiving stolen property from August 2008 through March.
CITIZEN JOURNALISM: Mortgage Fraud High in Area
Washington Times
According to the FBI, Virginia, Maryland and the District are among the top 10 jurisdictions experiencing mortgage fraud.
Former Vegas Resident Charged with Mortgage Fraud in Nevada
National Mortgage Professional Magazine
A former Las Vegas resident has been charged with federal conspiracy and fraud charges for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents...
Missouri Man Sentenced for Mortgage Fraud
Belleville News Democrat
A suburban St. Louis mortgage company operator has been sentenced to more than 11 years in prison for a mortgage fraud scheme.
12-Year Prison Term in Mortgage Swindle
Washington Post
A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists...
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 
