 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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Friday, December 28, 2007
More Than A Dozen Indicted In Ohio
David Willan, Craig Conner, Daniel A. Mohler, Sandra Langer, Mandie Pugh, Nicole Pappas-Ford, Richard Borodkin, Brianna Fullerton and Daniel Ringer, all of Evergreen, Ohio, Amanda Lower, Angela Soukup and Gene Luce III, all of Carnation, Ohio, appraisers Joseph Pietro, John Schwinkendorf, Susan Bigley and Robert Kokai, and Michelle Hyatt of First Security Title, were all reportedly charged with a mortgage fraud scheme that took Summit County and Ohio officials years to prove. The 147-count indictment sets forth mortgage fraud schemes that involved several Evergreen Investments companies. Officials reportedly reviewed over 800,000 pages of loan documents in their investigation. Those affected by the fraud schemes are said to be at least 500.
 mortgage fraud
Fraud is going to cause the whole financial system to crater. There is so much garbage in the securitized mortgage market that it is scary!
The feds better get serious about loan quality or 2010 is going to make 1929 look like a picnic in the park.
Posted by on 12/28 at 02:24 PM It makes me feel better knowing that at last the hard work of Mrs. Dollar is at last comeing to the attention of the Congress of the US.Senator SCHUMER IS going to open hearings in2008.I will be sending his people a history of a persons actives in Harris County Texas that shows flipping properties 2 times in one day,false apprasials that jumped the properties to over twice their value.This caused false information to be entered in the MLS Loans were later taken on 72 properties based on the false info .HARRIS COUNTY APPRAISAL DISTRICT THEN RAISED THE “VALUE” OF ALL PROPERTIES IN THIS T/H subdivision.I have asked how do you repay loans on non productive properties??? WHY DOES HARRIS COUNTY APPRASIAL DIST. THEN CUT THE VALUE BY OVER 50% !!!!!!NO ANSWERS SO FAR.PROOF OF EVERYTHING I HAVE WRITTEN WAS GIVEN TO THE FBI.MY NAME IS GEORGE UBER, USN RETIRED.
Posted by on 12/31 at 03:16 AM The Akron scammers, swindlers and defrauders deserve, if convicted, decades in the slammer (for each one).
Don’t at all understand the quote in the Akron paper that “each mortgage generated between 3,000 and 5,000 pages” requiring review. If true, why not COMPUTERIZE THE ENTIRE PROCESS???
Posted by on 01/02 at 04:20 AM if you want more info. about Michelle Hyatt,google her name or her husband , Marty Hyatt or her husbands sex partner , Konnie Beck.
Posted by on 01/04 at 08:43 AM These defendants are all from Akron, OH. They work for Evergreen Investments and Carnation Bank.
Posted by on 01/12 at 05:36 PM Sucks to be them!!!!!They deserve what they get!!!
Posted by on 02/12 at 06:10 AM Michelle Hyatt’s husband Marty Hyatt is a realtor for Kruger Realty that does business in the Akron area,I wonder if they were involved as well? The Hyatt’s are a modern day Bonnie and Clyde.
Posted by on 02/17 at 11:30 AM
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Some Sources require Registration.
Erie Area Mortgage Broker Gets Prison in Fraud Case
GoErie.com - Erie, PA
Shortly before receiving a nearly three-year federal prison sentence, former mortgage office manager Francis R. Conti told the judge he never meant to defraud any of the homeowners caught up in a widespread local mortgage-fraud scheme.
Three Former Portland-Area Mortgage Brokers Face Fraud Charges
OregonLive.com - Portland, OR
Joel D. Surprenant, Michael Duc Han and Benjamin Lucian Lucescu all were charged with one count of obtaining mortgage loans through materially false and fraudulent pretenses.
Shaker Pair Pleads Guilty to Mortgage Fraud Charges
Cleveland.com - Cleveland, OH
Two Shaker Heights residents recently pleaded guilty to charges involving a mortgage scheme with seven area houses and $3 million in fraudulent loans.
Feds File Charges in Five Mortgage Fraud Cases
Chicago Breaking News - Tribune - Chicago, IL
Federal charges were filed today against 37 people and four companies in five separate mortgage fraud cases.
Feds Fighting Back
Contra Costa Times - Walnut Creek, CA
Mortgage fraud has increased so dramatically in the San Joaquin Valley that a task force of federal, state and local agencies has been formed to fight back.
Private Investigator Sees Rise in Mortgage Fraud Due to Economy
PR Web - Ferndale, WA
In the past 12 months his firm has been retained to conduct over 300 mortgage fraud investigations, a 100% increase from 2007.
Former UGA, NFL Football Player Arthur Marshall Charged With Mortgage Fraud Claims
WJBF-TV - Augusta, GA
He is also accused of defrauding three banks in obtaining loans for seven different properties in Columbia and Richmond Counties.
Cuomo Subpoenas Loan Modification Companies
New York Times - United States
“The entire industry is a scam, in my opinion,” Mr. Cuomo said Tuesday. “These are services that homeowners don’t need to pay for in the first place.”
Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Imperial Valley News - Holtville, CA
Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.
Fed Drug Report: Double Trouble for Metro Chicago
ABC7Chicago.com - IL
...Chicago street gang members run a network of legitimate businesses and have engineered mortgage fraud schemes, both to launder drug proceeds...
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Update - US v. F. Jeffrey Miller, et al.
Miller II: Judge Julie Robinson has ruled in favor of the defense motion granting a continuance for sentencing of the 3 convicted defendants: F. Jeffrey Miller, Steve Vanatta and Hallie Irvin. The three will now be sentenced after ruling on post trial motions set for August 10, 2009.
Vanatta has been in custody for over 2 years. Vanetta filed a motion for his release pending sentencing. That motion was denied.
Miller remains free pending his sentencing. He has hired a new attorney who filed a motion to delay Miller's sentencing. In one post trial motion, the defense argues as to what assets are subject to seizure.
Defendant Todd Earnshaw is a Kansas City real estate Broker (and brother in law of Miller). Earnshaw has been indicted in what is commonly referred to as Miller I. A trial date for that matter has been set for January, 2010 in Topeka, Kansas.
The Government filed a motion to revoke Earnshaw's bond and remand him to custody while he awaits trial after learning that he allegedly committed the state crimes of Driving Under the Influence, Handicap Parking Violation and Failure to Control Speed to Avoid a Collision while on pretrial release. Notwithstanding finding that probable cause existed to believe that Earnshaw committed the aforementioned state crimes, Judge Robinson denied the motion, but ordered several strict conditions that Earnshaw must follow pending his trial.
More Trial Coverage
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