Wednesday, December 05, 2007
Pennsylvania Businessman Pleads Guilty to Mortgage Fraud
Robert L. Dodsworth, 60, Erie County, Pennsylvania, pleaded guilty to felony charges that he engaged in mortgage fraud in the city of Erie, Pennsylvania. Dodsworth entered the plea at a hearing before U.S. District Court Judge Sean J. McLaughlin.
Dodsworth pleaded guilty to the felony counts of money laundering and conspiracy, criminal conspiracy to commit mail fraud, wire fraud and bank fraud. He faces a maximum of 25 years at his sentencing on March 4, 2008.
As previously reported by Mortgage Fraud Blog, Robert L. Dodsworth was accused of a mortgage-fraud scam that included misrepresenting Borrower income and financials. Dodsworth is also alleged to have manipulated the bank accounts of prospective homeowners.
According to the criminal information, Dodsworth, owner of several Pennsylvania corporations, from January 2003 through March 2006, in the Western District of Pennsylvania, conspired with others to obtain investors for the purpose of procuring funds for the purchase distressed, low cost real estate in Erie, Pennsylvania. Dodsworth intended to sell the properties at drastically and artificially inflated prices. Dodsworth and his coconspirators allegedly sought out individuals with limited sophistication and economic resources as buyers for the distressed properties being offered for sale by the defendant and/or one of his several businesses. To that end, Dodsworth tailored the loan applications to lenders to ensure the borrower’s creditworthiness, often by significantly misrepresenting the borrower’s income and assets.
mortgage fraud
It’s a sad inevitable reality. “It’ll catch up on you” not to say that I haven’t been to grey areas before, maybe not in this level but still is not 100% beneficial to our clients (which my partner and I both regret being part of that)
But we learn and articles like this serves as a great wake up call to strive to do what is right.
Posted by on 12/05 at 09:20 AM
Now a days we are hearing these types of mortgage fraud in day to day life which is screwing many life and properties.All people must think about it and must take necessary actions.
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Garrett
Posted by on 07/22 at 01:26 AM
It is really sad to hearing, but now a day these kinds fraud become common.
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sharu
Posted by on 08/09 at 02:30 AM
Now a days fraud cases are become very comman matter. I think this not big issue.
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john
Posted by on 08/09 at 02:34 AM
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Some Sources require Registration.
Mortgage Scam Ends with Prison
The Morning Call
A judge didn't hold back when Shirley Matthews appeared before him Tuesday to be sentenced for stealing from a Monroe County man instead of helping him save his home from foreclosure, as she was hired to do.
Woman Gets Prison Time After Mortgage Scam Conviction
Pocono Record
A New Jersey woman will be spending two to five years in state prison after she was sentenced on Tuesday for promising to help homeowners avoid foreclosure and then keeping the money she was given for their mortgages.
2 Indicted in Mortgage Scam Face New Charges
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Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband
Untangling Mortgage Fraud in Chicago Condo Buildings
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Why did so many units go into foreclosure all at once? In some cases, the reason can be traced to mortgage fraud.
No Contest Plea Entered in Real Estate Fraud Case
Northbay Business Journal
Juan Carlos Alcala of Windsor pleaded no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering and elder fraud.
Bedford Woman Sentenced to a Year in Prison for Mortgage Fraud
Plain Dealer
Sharon Cox, 49, of Bedford, was sentenced today to a year in prison for mortgage fraud involving money laundering, theft and receiving stolen property from August 2008 through March.
CITIZEN JOURNALISM: Mortgage Fraud High in Area
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According to the FBI, Virginia, Maryland and the District are among the top 10 jurisdictions experiencing mortgage fraud.
Former Vegas Resident Charged with Mortgage Fraud in Nevada
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A former Las Vegas resident has been charged with federal conspiracy and fraud charges for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents...
Missouri Man Sentenced for Mortgage Fraud
Belleville News Democrat
A suburban St. Louis mortgage company operator has been sentenced to more than 11 years in prison for a mortgage fraud scheme.
12-Year Prison Term in Mortgage Swindle
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A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists...
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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
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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 
