|
Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
|
 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 Smith Dollar, PC, 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.
|
|
|
-->
|
|
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
Post a Comment
The trackback URL for this entry is:
Trackbacks:
|
Some Sources require Registration.
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.
Previous Articles
|
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.
More Trial Coverage
|
|
|
|
|
|
|
|
|
|
|
|
| | |
