Monday, August 27, 2007
Maryland Attorney & Broker Plead Guilty to Mortgage Fraud Scheme
Rachel Donegan, 37, and David Lincoln, 37, Baltimore, Maryland, pled guilty to wire fraud arising from a mortgage fraud scheme.
Donegan and Lincoln worked at 1st Metropolitan Mortgage and Guilford Title and Escrow, located in Baltimore, Maryland, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements (Donegan plea, Lincoln plea), from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and Shawn Michael Green in a scheme to wire mortgage applications to mortgage companies which contained false representations about Crawley and Green‘s income and employment. The fraud scheme allowed Crawley to secure loans for the followintg properties: 10740 Versailles Boulevard, Wellington, Florida valued at over $1 million; 477 Pacific Grove Drive, Unit Three, West Palm Beach, Florida valued at $500,000; and 7138 Natures Road, Columbia, Maryland valued at $316,000. The fraud scheme also allowed Green to secure loans for property at 2339 Eutaw Place, Baltimore, Maryland, valued at $300,000.
Donegan and Lincoln face a maximum sentence of 30 years in prison and a $1 million fine. No sentencing date has been set for the defendants.
In a related indictment, Green, 41, Columbia, Maryland, and Crawley, West Palm Beach, Florida, are charged with conspiracy to distribute cocaine from 1998 to 2007 and conspiracy to commit money laundering from 2004 to 2007. The indictment seeks forfeiture of $4 million, which is based on a minimum of 200 kilograms of cocaine at $20,000 per kilogram, and includes the properties in Baltimore and Florida involved in the fraud scheme. An indictment is not a finding of guilt. An individual charged by indictment is presumed innocent unless and until proven guilty at some later criminal proceedings.
mortgage fraud
Hello Sir
I was a victim by fraud. A group people took advance on me and bought 3 houses , I invited me as a invest in their company. They promised they their company will take care all stuffs, payments, taxes, insurance of houses...Each house when they sold then I will get commision.
I did not know that they are together and cash money back by the last house.
Now 2 houses were forclosured done and the last one in Fairfax is on the way.
I came to the Lawyer , he promised me that he will take care me....But he wanted to buy my house and did not do anything for my case.
Please S.O.S me. I did not know who to talk with. I was a vietnamese I did not know much English and just got a part time job now.
Please email or call me at 571-830-9636
Sincerly
trung pham
Posted by on 01/04 at 01:22 PM
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Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
CNNMoney.com
The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...
Mortgage Fraud Case Appears Headed to Jury in Jackson County Circuit Court
The Jackson Citizen Patriot - MLive.com
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
MLive.com
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
Wall Street Journal
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
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.
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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 
