Mortgage Fraud Blog Conference 2008

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. Email Ms. Dollar

Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.

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Recent Posts

- Two Indicted in Cash Back Mortgage Fraud Scheme
- Former Real Estate Agent Sentenced To 14 Years
- Los Angeles Mortgage Fraud Mastermind Sentenced
- Leader Of Foreclosure Rescue Scheme Sentenced To 10 Years In Prison
- 3 Guilty Pleas In Multi Million Dollar Mortgage Fraud Case
- Woman Indicted For Massive Fraud Scheme
- Florida Man Indicted for $2.4M Fraud
- Man Indicted For Abuse of Foreclosure Process
- 2 Indicted In Florida Straw Buyer Scheme
- Man Arrested in Georgia on Real Estate Fraud Charges

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. 

   

Posted by Staff Reporter on 08/27/07 at 03:54 AM
Mortgage FraudMaryland • Total comments: (2) (0) Trackbacks
  1. 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
  2. These two guys, Green and Crawley, have been smuggling cocaine for almost ten years and they can’t be declared guilty and properly punished? The penal code has some serious flaws in this case…

    Posted by  on  06/12  at  07:04 PM

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Real Estate Fraud Widespread, Insider Q&A Told
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A woman took Carpenter's professional identity as a real estate appraiser, using Carpenter's name and license number. She even appraised commercial and million-dollar properties that Carpenter, a residential appraiser, isn't licensed to do.

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© Copyright 2004-2007 Rachel M. Dollar

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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