Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
imageRachel 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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Thursday, April 27, 2006

Laughing and learning: a lethal combination to fight fraud

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If it takes collaboration to commit fraud, it takes collaboration to foil fraud.

A number of industry professionals from around the country recently collaborated on a project that seems to be turning heads. Production of FSISM: Fraud Scheme Investigation was recently completed in Los Angeles. The project is now in post production and is scheduled to premiere this September at the MBA?s Quality Assurance Conference in San Diego.

FSI is being touted as a ?first of its kind? training tool, created in parody format and designed for maximum employee learning retention. The film focuses on the main characteristics and ?red flags? behind a serious property flipping case and will provide ?DVD Chapters? for training on other types of mortgage fraud scams and various red flags to watch for in a loan file.

imageimageimageimage
Dennis Outlaw Analyzes the Evidence Julie Woodley and Jeanne DeLormier Hard at Work Rose Wolfe and Brooke Purdy ? Cool in a Crisis Mike Stuckey Listens to his Instincts

A number of mortgage professionals and experts donated their time and knowledge to the making of this free educational tool. ?Training is the key to heightening the mortgage industry’s awareness about the various mortgage fraud schemes. FSI will assist in providing training in a way that is not only entertaining and fun but presents the material in the seriousness it deserves,? said Brenda Phillips. ?All of the people who worked on FSI deserve many thanks from our industry for making this type of training tool available to us.?

Karen Pawlowski stated, ?The filming experience we have just finished completely exceeded my expectations in terms of the great opportunity provided to us as QC professionals on this exciting, value-packed project full of critical messages (both the do?s and the do-nots!!) and some terrific humor and insights as well.?

Additional information and DVD pre-ordering is available at www.FSIFilm.com

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FSI is sponsored as an industry education service by Interthinx? and was produced by RADAR Multimedia.

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Posted by Rachel Dollar on 04/27/06 at 04:59 AM
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Today's News

Some Sources require Registration.

 

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
Greeley Tribune
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
Bradenton Herald
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.

Father-and-Son Developers Admit Fraud
St. Louis Business Journal
In order to obtain financing, they lied about their financial health and the likelihood that the properties would be quickly sold, according to the indictment.

Feds to Talk About Surge in Mortgage Fraud
MiamiHerald.com
Federal authorities are using a series of news conference to talk about the surge in mortgage fraud in Florida.

Woman With Autistic Son Asks Home Detention In Mortgage Fraud Case
The Chattanoogan
A Franklin County woman who pleaded guilty to mortgage fraud is asking home detention because she has a child with autism.

Ex-Broker Pleads Guilty to Fraud in Dreier Case
Wall Street Journal
A broker accused of helping disgraced lawyer Marc Dreier carry out a scheme to sell millions of dollars in fake promissory notes pleaded guilty to criminal charges on Monday.

Campaign Launched to Inform People About Mortgage Fraud
Bills.com
Recently, Fannie Mae announced it is partnering with NeighborWorks America in order to inform people about scams associated with mortgage modifications.

Previous Articles

TRIAL COVERAGE

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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Legal Disclaimer.
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.

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