Friday, July 06, 2007
North Carolina Man Ordered to Forfeit $3 Million
Roger Dale Ray, Raleigh, North Carolina, has been ordered to pay $3 million in forfeiture as a result of his role in a mortgage fraud scheme.
As previously reported on Mortgage Fraud Blog, Roger Dale Ray aka Peanut was named as a defendant in a superseding indictment filed in the United States District Court for the Eastern District of North Carolina. The charges against Ray include conspiracy to distribute a controlled substance; money laundering - continuing criminal enterprise; conspiracy to launder monetary instruments; money laundering; and, false statements. Ray was initially indicted on January 18, 2006; however, the indictment was sealed.
According to the indictment, on specified dates between January 24, 2003 and April 5, 2006, Ray allegedly made false statements to several lenders, including SouthTrust Mortgage Corporation, Central Carolina Bank, State Employee’s Credit Union, RBC Centura Bank and Wachovia Bank, by submitting false federal tax filings in support of loan applications. The drug charges allege that Ray conspired to distribute and possess with intent to distribute, more than five kilograms of cocaine and more than fifty grams of cocaine base (crack.) Mortgage Fraud Blog has been informed that the involved parties committed mortgage fraud in order to obtain investment properties and that further charges are expected. Ray was also reportedly a “real estate investor” and the owner of R&S Properties, Inc., CFI Mortgage, and Amstar Mortgage. Public records also indicate a relationship with Chase Holding Company, LLC; Evolution VII, LLC; LocalMotion R&S Properties Incorporated; Ray’s Development, LLC; RogDRick LLC, Smithfield Road, LLC and Woodpecker LLC.
The properties sought to be forfeited include:
2909 Oak Bridge Road, Raleigh, North Carolina;
4200 Ruby Drive, Raleigh, North Carolina;
9716 Fairchild Road, Zebulon, North Carolina;
9720 Fairchild Road, Zebulon, North Carolina;
4525 Auburn Church Road, Garner, North Carolina;
4513 Auburn Church Road, Garner, North Carolina;
2816 Quince Drive, Raleigh, North Carolina;
608 Wexford Drive, Raleigh, North Carolina;
1315 E. Lenoir Street, Raleigh, North Carolina;
907 E. Hargett Street, Raleigh, North Carolina;
9725 Fairchild Road, Zebulon, North Carolina;
234 W. Barbee Street, Zebulon, North Carolina;
217 S. Pettigrew Street, Raleigh, North Carolina;
2400 Sunny Lane, Raleigh, North Carolina;
7117 Brodie Alston Lane, Wendell, North Carolina;
7121 Brodie Alston Lane, Wendell, North Carolina;
1704 Pender Street, Raleigh, North Carolina;
3101 Rosinburg Road, Zebulon, North Carolina;
715 Sheperd School Road, Zebulon, North Carolina;
709 Carlisle Street, Raleigh, North Carolina;
102 First Avenue, Knightdale, North Carolina;
101 S. Smithfield, Knightdale, North Carolina;
7101 Missionary Ridge Drive, Raleigh, North Carolina;
316 N. Allen Road, Wake Forest, North Carolina;
3117 Woodpecker Court, Raleigh, North Carolina;
206 W. Barbee Street, Zebulon, North Carolina;
214 W. Barbee Street, Zebulon, North Carolina;
9712 Fairchild Road, Zebulon, North Carolina;
100 W. Barbee Street, Zebulon, North Carolina;
2015 Village Park Drive, Knightdale, North Carolina;
0 S. First Avenue, Knightdale, North Carolina;
0 Bethlehem Road, Knightdale, North Carolina;
1019 Windward Hill Court, Middlesex, North Carolina; and
100 Oakdale Avenue, Clayton, North Carolina.
mortgage fraud
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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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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. 
