Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
imageRachel 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.



Advanced Search
Enter your Email


Powered by FeedBlitz

Dollar in the News

August 6, 2009 - Inman News
The Lowdown on Downpayment Programs

July, 2009 - Mortgage Banking Magazine
Flashpoint - FHA Fraud

June 5, 2009 - Miami Herald
Feds Get Tough on Mortgage Fraud

More Articles
-->
- Guaranty Title Owners Indicted for Fraud and Money Laundering
- Mortgage Fraudster Admits Laundering Ill Gotten Gains
- Builder Convicted In Mortgage Scheme
- Identity Thief Pleads Guilty to Mortgage Fraud
- 7 Charged in Million Dollar Mortgage Fraud Scheme
- Appraiser Indicted for False Statements
- Professor Sentenced for Mortgage Fraud Scheme
- Second Missouri Man Sentenced in Major Mortgage Fraud Scheme
- Deed Forger Sentenced in Real Estate Fraud Case
- Man Arrested for Real Estate Ponzi Scheme
-->

Syndicate

You're welcome to post our feed on your site and provide your readers with the latest Headlines! Just select "Get Widget" below . . .
  

Subscribe in NewsGator Online

Bookmark and Share

What's this?

Monday, October 31, 2005

Six Charged by Information in Mississippi Mortgage Fraud

Six more people were charged by information in connection with a $3M mortgage fraud scheme in Mississippi that resulted in the indictment of four individuals earlier this year. 

Those charged were: 

John William Emory, III, mortgage broker, Ridgeland, Mississippi

Bobby F. Fisher, attorney, Greenwood, Mississippi

Jimmie L. Pruett, real estate agent, Greenwood, Mississippi,

Daniel Floyd

Joni Lynn Goss

Ernest Wayne White, Jr. 

Emory was charged by information with one count of wire fraud and one count of money laundering.  Emory worked as a mortgage broker in Hinds County, Mississippi for various companies including Wholesale Mortgage, Inc. and Mississippi Mortgage, Inc.  From June 200 through October 2002 the information alleges that Emory and other affiliated mortgage brokers would seek out prospective borrowers and try to qualify them for a home mortgage- typically one that the borrower could not afford.  Emory and the other brokers would obtain the basic information from the borrower would either personally enter false information on the loan application forms or would direct others to do so.  Emory and others would prepare or obtain false documents that would be submitted to the lender to support the false information on the loan application, including false VODs, VORs and VOEs.  Also according to the information, knowing that the borrowers were unable to afford a down payment, Emory and others would falsely list on the application that the borrower would provide cash at close or had down payment funds and on occasion would provide a false and fraudulent VOE purporting to be from the borrower’s bank.

Fisher was charged by information with one count of conspiracy to defraud and one count of engaging in monetary transactions in property derived from unlawful activity. Fisher was an attorney licensed to practice in Mississippi and engaged primarily in the business of closing real estate loans.  According to information, beginning in September 1999, in Hinds County, Mississippi, Fisher and others worked closely with numerous mortgage brokers to obtain loans for borrowers through various lenders.  They are alleged to have caused false and fictitious documents to be created to ensure that the mortgage loans would be granted and to have converted some of the proceeds for their own use and benefit. The false documents are alleged to have included false VODs, VORs and VOEs.  Fisher and others were also alleged to have made false entries on loan applications consistent with the false documents.  The information alleges that they obtained loans for approximately 48 borrowers totaling over $2.5M by creating false documents and making false entries on documents submitted to lender.

Pruett was charged by information with one count of conspiracy to defraud and one count of engaging in monetary transactions in property derived from unlawful activity. According to the information, beginning in February 2000, Pruett and others would find borrowers to purchase homes and would solicit mortgage brokers to obtain mortgage loans for the borrowers through various lenders.  They are alleged to have caused false and fictitious documents to be created to ensure that the mortgage loans would be granted and to have converted some of the proceeds for their own use and benefit. The false documents are alleged to have included false VODs, VORs and VOEs.  Pruett and others were also alleged to have made false entries on loan applications consistent with the false documents.  The information alleges that Pruett and others succssfully obtained loans for approximately 17 borrowers totaling over $800,000 by creating false documents and making false entries on documents submitted to lender.

Floyd was charged by information with one count of failure to report mail fraud and wire fraud.  According to media reports, Floyd was an employee of Fisher.

Goss was charged by information with engaging in a monetary transactions in criminally derived property of a value greater than $10,000.  The information alleges that she issued a check for over $30,000 in funds derived from a specified unlawful activity.  According to media sources, she operated a mortgage company with her ex-husband.

White was charged by information with engaging in a monetary transactions in criminally derived property of a value greater than $10,000.  The information alleges that, in April 2001, he issued a check for over $30,000 in funds derived from a specified unlawful activity.

According to media sources, prosecutors said the defendants are cooperating and have agreed to waive formal indictment and plead guilty. Each faces a maximum penalty of 30 years in prison and a $1 million fine.

 mortgage fraud

   

Posted by Rachel Dollar on 10/31/05 at 01:59 AM
Mortgage Fraud LocationsMississippi • Total comments: (1)
  1. KEEP UP THE GOOD WORK!! MY HUSBAND AND I HAVE DEALT WITH PEOPLE ALL SUMMER TRYING TO PULL THEIR SCAMS. IT IS VERY SAD.

    Posted by  on  11/07  at  02:04 PM

Post a Comment

Name:

Email:

Location:

Smileys

Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:


The trackback URL for this entry is:

Trackbacks:

Bookmark and Share Enter your Email


Preview | Powered by FeedBlitz
mortgage fraud news



Today's News

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
Newsday.Com
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
Chicago Public Radio
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
Washington Times
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
National Mortgage Professional Magazine
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
Washington Post
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...

Previous Articles

TRIAL COVERAGE

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

What's Your Opinion?

ORDER NOW!!

Blog Roll

TopOfBlogsReal Estate BlogsBlog Flux DirectoryBlog Directory & Search engineBlog Directory
Blogarama - The Blog DirectoryListed on BlogShares

© Copyright 2004-2009 Rachel M. Dollar

Legal Disclaimer.
The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.

TopOfBlogs Real Estate Blogs Blog Flux Directory Blog Directory & Search engine Blog Directory
Blogarama - The Blog Directory Listed on BlogShares