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Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
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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 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.
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Wednesday, November 11, 2009
Broker Sentenced for 5 Year Mortgage Fraud Scam
Clarence Lewis III, 46, Houston, Texas, has been sentenced to 15 years in federal prison without parole for running a mortgage fraud scheme. United States District Judge Lynn N. Hughes handed down the prison sentence.
As previously reported by Mortgage Fraud Blog, Lewis was convicted May 13, 2009, of conspiracy to commit mail and wire fraud and four counts of wire fraud by Judge Hughes following a bench trial before Judge Hughes. The United States proved that as part of a conspiracy, Lewis obtained more than $12 million in fraudulent residential mortgage loans during the course of his five-year mortgage fraud scheme beginning in 2002.
Lewis held both a mortgage broker's license and real estate broker's license which he used in the execution of his scheme to defraud. Motown Mortgage Group and Lewis and Associates Realtors were the entities under which Lewis operated. In addition, he used an assumed name business-Astro Construction-to extract loan proceeds from the real estate closings. The loans on the majority of the properties obtained by fraud fell into default and the properties were foreclosed.
In addition to the prison term, Judge Hughes ordered Lewis to pay restitution, the amount of which will be entered early next year, and to serve a three-year-term of supervised release. Lewis has been in federal custody without bond following his conviction on May 13, 2009, and will remain in custody to serve his sentence.
United States Attorney Tim Johnson announced the sentencing. The criminal charges are the result of a joint investigation conducted by agents of the FBI and the Internal Revenue Service Criminal Investigation Division.
 mortgage fraud
A person is liable in any act that he or she had made. Thus, if it had been proven that you did any unlawful act and had been sentence as guilty, the accused should face the consequences.
Posted by on 11/11 at 07:57 PM THAT SOUNDS LIKE THE SAME DEAL THAT G.R.D. WAS INVOLVED WITH AT PINE VILLAGE TOWNHOMES.HE HAD 200 PLUS PROPERTIES FORECLOSED ON.HE CONTROLLED THE ASSOCIATION,MONEY WENT TO HIS BUDDIES FOR POOR WORK.HIS HONEY WAS ON THE BOARD OF DIRECTORS,SHE HAS A RECORD OF WELLFARE FRAUD AND TEXAS WORKFORCE FRAUD.CITY GROUP DOES NOT SEEM TO CARE ABOUT 1 AND 1/2 MILLION FRAUD..
Posted by on 11/13 at 03:23 AM I know this man. What a shame. A nice person who has helped a lot of people. Anyone can get hung up in the greed game. I guess. I am very sorry for Mr. Lewis and his family.
Posted by on 06/11 at 01:32 PM
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Some Sources require Registration.
Lawyer and Loan Officer Guilty in Multi-Million-Dollar Mortgage Scam at GuyAmerican Funding
LoanSafe
...a real estate attorney, and...a former loan officer, were found guilty...of participating in a multi-million-dollar mortgage fraud scheme through..a mortgage brokerage located in Queens, New York.
Stewart Title Escrow Officer Pleads Guilty to San Diego Mortgage Scam
LoanSafe
Donna Demello pleaded guilty in federal court in Oakland today to conspiracy to commit wire and mail fraud for her role in a mortgage fraud scheme...
Mortgage Fraud On the Rise, More People Tapping Into Retirement Savings
WDEF News 12
Mortgage fraud is on the rise again...
Former Washington Mortgage Originator Charged in Ripoff of First-Time Homebuyers
National Mortgage Professional Magazine
In reality, Bautista had obtained the home loans and placed title to the properties in the names of past clients who had better credit.
Dallas' Mortgage Fraud Clusted in 75201 ZIP Code, Study Finds
Dallas Morning News
Dallas' 75201 ZIP code includes the snazzy Arts District, some of the city's tallest skyscrapers and a chunk of fashionable Uptown...The area is also ground zero for North Texas mortgage fraud.
Cracking Down on Mortgage Fraud
San Diego Union Tribune
...federal prosecutors say the business was the center of a mortgage fraud scheme that churned out scores of bogus W-2 forms, fake pay stubs and false tax records for a network of almost two dozen real estate agents and loan officers.
New Mass. Law Toughens Foreclosure Safeguards
Boston Globe
In an effort to protect...homeowners, the new law ...also criminalizes residential mortgage fraud.
President of Mortgage Brokerage Firm Guilty in $23 Million Scam
New York Daily News
Ramnauth, 54, of Levittown, L.I., and his cohorts in the scheme collected massive fees from inflated mortgages by using "straw buyers" who flipped the homes again and again.
Mortgage Fraud Enabled
The Spokesman Review
The massive mortgage fraud that occurred between 1999 and 2008 was publicly known by 2002.
Woman Sentenced In Mortgage Fraud Scheme
Citizens Voice
A woman was sentenced to 18 months in federal prison for her role in a Luzerne County mortgage fraud scheme five years ago...
Previous Articles
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Follow Anne on Twitter.
Thursday, February 18, 2010
F. Jeffrey Miller Trial - 1 Convicted, 3 Acquitted
The jury deliberated for approximately 3 days after receiving their jury instructions. They asked one question:
Does ‘common sense' allow us to deduce what the banks may or may not been influenced by in order to make a loan?
Judge Julie Robinson responded by admonishing the jurors to read all of the instructions.
The jury presented its' verdict... Read More...
Thursday, February 18, 2010
F. Jeffrey Miller Trial Continued Testimony
As reported by Anne Mitchell, who viewed the trial:
Angela Parenza worked for Jeff Miller as the office manager for 7 or 8 years beginning in 1998. Parenza was indicted along with Miller and pled guilty to conspiracy to commit bank fraud and money laundering. Parenza testified that Miller or his contractors allegedly preferred to build all the... Read More...
Wednesday, February 10, 2010
F. Jeffrey Miller Trial Coverage Continued - Witness Testimony
Steve Middleton Testimony - Coverage Provided by Anne Mitchell
The Government continued in its cross examination of Steve Middleton. He was shown several HUD-1 statements involving sales of homes located in Overland Park, KS, and Olathe, KS. The HUD statements each allegedly showed line items of payments to (James) Moser & Associates, LLC's... Read More...
Monday, February 01, 2010
F. Jeffrey Miller Trial Coverage - Continued Witness Examination
According to Anne Mitchell, who is present in court for the trial:
Next Witness: Kelly Sanford
Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in... Read More...
Wednesday, January 27, 2010
F. Jeffrey Miller Trial - Prosecution Witnesses Continued
According to Anne Mitchell, who is viewing the trial:
January 13, 2010
Witness: Rick Hayes
Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John...
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