Wednesday, February 20, 2008
Mann Sentenced for Participation in Missouri Fraud Scheme
Daniel Mann, Arnold, Missouri, was sentenced to 15 months in prison for his participation in a mortgage fraud scheme.
Mann pled guilty to a one-count information filed by the U.S. Attorney on November 28, 2007. At that time, he admitted to participating in a mortgage fraud ring headed by Dack Patrick Daugherty, St. Louis, Missouri. Daugherty was sentenced last month to 44 months in prison and ordered to pay more than $576,000 in restitution. Mann admitted teaming up with Daugherty on several properties. The scheme involved lining up properties from distressed sellers willing to take a below-market sale price for a property and matching them up with willing buyers. Daugherty, Mann and others arranged 100% financing for the buyers by means of false mortgage applications, which typically included lies about a buyer’s finances and intention to occupy a property. Buyers were also promised cash payments after closing that were not disclosed to the lending institution. In all, the scheme involved more than 60 properties, mostly in South St. Louis, Missouri that ran from 2005 through 2006.
Mann was the second of five local men indicted as part of an extensive mortgage fraud ring. Mann was sentenced to 15 months imprisonment, to be followed by 3 years of supervised release and ordered to pay $84,820 in criminal restitution to six mortgage companies defrauded by his conduct. He appeared today for sentencing before United States District Judge Jean C. Hamilton.
”The devastation mortgage fraud visits on our communities, our lending institutions and our economy becomes more apparent everyday. Identifying, prosecuting and punishing fraudsters like Mr. Mann is one part of the solution to the problem,” said U.S. Attorney Catherine Hanaway.
mortgage fraud
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
U.S. v. Miller, et al.
Thursday, December, 18, 2008
Verdict:
F. Jeffrey Miller Guilty of Conspiracy and Money Laundering
Steven Vanatta Guilty of Conspiracy , Money Laundering and Bank Fraud
Hallie Irvin Guilty of Conspiracy , Money Laundering and Bank Fraud
Sandra Jo Harris Not guilty- all counts
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
