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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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.
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.
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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