|
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.
|
|
|
Categories
Monthly Archives
|
|
|
Friday, April 14, 2006
Three Arrested in Alleged Theft of Leads from Former Employer
Neal Elbaum, 29, Hollis Hills, New York and Ralph Donza, 32, were arrested and charged with Commercial Bribing, Unlawful Duplication of Computer Related Material, and Unlawful Possession of Personal Identification Information. Co-defendant Carlos Orellano, 38, Great Neck, New York, was also arrested and charged with Commercial Bribe Receiving and Computer Tampering. The defendants were arrested in connection with a theft of proprietary information from Old Merchants Mortgage, Inc., of Lake Success, New York the former employer of Elbaum and Donza and current employer of Orellano. Ralph M. Donza  | It is alleged that in the summer of 2005, Donza contacted information technology expert and former co-worker Orellano. In July, 2005, Donza and Elbaum allegedly met with Orellano and Elbaum paid Orellano thousands of dollars to obtain the name and access codes to a computer account in the Old Merchants Mortgage computer system, which would provide access to Old Merchants Mortgages leads on potential mortgage customers. Elbaum and Donza had started their own mortgage company in Garden City, New York - Old Commonwealth Mortgage, LLC. - of which Elbaum is listed as the President. Investigators believe that it was their intention to use the stolen information from Old Merchants Mortgage to profit Old Commonwealth Mortgage. Orellano provided the requested information to Elbaum and Donza. Carlos Orellano  | In January, 2006, Old Merchants changed their computer system used for receipt and storage of its mortgage leads and once again, it is alleged that Elbaum gained access to the new accounts. Old Merchants Mortgage discovered the unauthorized access and the involvement of Orellano in the theft. They hired investigators who recorded a telephone conversation between Orellano and Elbaum in which Elbaum admitted having access to Old Merchants Mortgages accounts, his concerns about getting caught, and his desire to obtain more leads from his old employer. Old Merchants Mortgage estimates that it had paid in excess of $1.3 million for the computer mortgage leads that the defendants had unlawful access to. Neal S. Elbaum  | On Thursday, April 6, 2006 a search warrant for the defendants business, Old Commonwealth Mortgage, LLC. was secured by Judge Frank A. Gulotta and was executed the following day. Documents, records, computers, and related equipment were seized from the defendants Garden City, New York office. Two of the defendants were arraigned Saturday, April 8, 2006 in Hempstead. Bail was set at $5,000 for Elbaum, and $2,500 for Donza. Orellano was arraigned on April 10.
 mortgage fraud
7xTPDD hdhfdhfd hdfh dfhfdhht5erhgbh fdhfh hfdhfd 7654 rfdghdfrgh dfhdf hd
Posted by on 07/27 at 03:59 AM Now, these people should receive a serious punishment because what they did is not normal at all. I hate people who do such things. Congratulations to the authorities!
Posted by on 10/30 at 10:20 PM Actually, we can know that a quick flip of an house ownership is an easy signs of fraud. For instance, the fraudster buys a property. The fraudster receives a house appraisal with a certain inflated house price. A straw man who’s unconnected to the fraudster buys the house at a highly inflated house price. So, those fraudsters earn a huge profit.
Posted by on 08/26 at 09:28 PM Hi this is Sam. Do you want to receive leads today? Visit http://bit.ly/7U7oXh or call 1-866-348-7926
sam @ mortgage leads
Posted by on 01/22 at 08:34 AM
Post a Comment
The trackback URL for this entry is:
Trackbacks:
|
Some Sources require Registration.
FBI Builds Its Case in Flipping Schemes
Herald Tribune
Craig Adams, orchestrator of one of the largest real estate fraud rings in Florida history, has secretly spent more than a year and a half as an FBI informant, helping build cases against the people he once recruited into his schemes, the Herald-Tribune has learned.
Recent Appraisal Rules Open Door to Shady Middlemen
Tampa Bay Online
The changes, which took effect in May, were designed to prevent the appraisal-related fraud that helped drive housing prices to unsustainable heights.
Is 'Forensic Mortgage Analysis' Legitimate?
King5.com
Richard Hagar works at American Home Appraisals and does fraud profiling...He says the latest scam snaring homeowners are companies or individuals offering a 'forensic mortgage analysis.'
Sylvania Lawyer Charged in Thefts From 2 Clients
Toleda Blade
A Sylvania lawyer who has his office in Temperance and has long practiced in the Toledo area appeared in Lucas County Common Pleas Court yesterday on charges that he stole from clients.
Ex-IU Player Charged in Realty Funds Scheme
Journal Gazette
Former Indiana University basketball player and current radio announcer Todd C. Leary faces 17 felony charges in connection with a scheme to misappropriate real estate title funds.
More Real Estate Licenses Revoked in 2009
KMJ Now.Com
A staggering number of real estate licenses were revoked here in the Golden State in 2009, many, the result of loan modification scams.
FTC Wants to Bar Upfront Fees by Mortgage-Relief Firms
E Credit Daily
The Federal Trade Commission today proposed a new rule banning upfront fees by companies promoting mortgage modification services to rescue distressed homeowners from foreclosure.
Mortgage Fraud Conspirator Sentenced to Jail
ABC Local
One of three defendants in a Yucca Valley mortgage fraud case has been sentenced to prison.
Heath Man Awaiting How Much He Owes Scam Victims
Newark Advocate
Attorneys on Monday started the process of sorting out how much a Heath man owes to the people he admitted to scamming.
Filings of Suspected Mortgage Fraud Leveled Off
Mondaq.Com
On January 22, 2010, the Financial Crimes Enforcement Network (FinCEN) reported that filings of Suspicious Activity Reports (SARs) during the first six months of 2009 for check fraud increased for all of the industries required to file SARs under the Bank Secrecy Act (BSA), as compared to the first six months of 2008.
Previous Articles
|
Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Follow Anne on Twitter.
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... Read More...
Tuesday, January 19, 2010
F. Jeffrey Miller - Prosecution Witness Testimony Overview
Witness Jennifer Kelly, Independence, Missouri, was the first witness called by the Government. According to the testimony Jennifer Kelly provided in court:
She and her family moved into a Miller Enterprises home with a lease/purchase agreement. The Government presented the Residential Contract for Sale of Real Estate, signed by the Kellys on... Read More...
Monday, January 18, 2010
F. Jeffrey Miller Trial - Government Calls First Witness
Builder Looking For Toys Car, motorbikes, etc. for Down Payment. New Homes avail. 913-634-**** Cell phone
This was the newspaper ad answered by a homebuyer and witness, Rick Hayes, discussed during the opening day of testimony for previously convicted homebuilder, F. Jeffrey Miller.
Witness testimony began on January 13, 2010, Topeka, Kansas.... Read More...
Monday, October 26, 2009
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...
|
|
|
|
|
|
|
|
|
|
|
|
| | |
