Victor Koltun and Jarrett Haber have been charged with Grand Larceny in the Second Degree, Residential Mortgage Fraud, and Possession of a Forged Instrument. In October 2009, Jean Kemp, a senior citizen, received a phone call demanding payment on her mortgage. However, Kemp and her husband, who lives in a nursing home, have owned their home since …

Read More...]]> 2010-02-08T09:59:03Z http://www.mortgagefraudblog.com/index.php/weblog/probation_given_for_participation_in_mortgage_fraud_scheme/ Mortgage Fraud Types, Investment Scams, Mortgage Fraudsters, Borrower, Mortgage Fraud Locations, Michigan John Boumenot, 63, has been sentenced to 5 years probation for his participation in a mortgage fraud scheme. Boumenot is also required to make regular restitution payments.

As taken from to court documents, John Boumenot operated a business buying, renting, and selling real estate properties. Boumenot, played a limited role in a scheme related to the sale of three properties he owned in
Read More...]]> 2010-02-08T09:51:43Z http://www.mortgagefraudblog.com/index.php/weblog/ag_sues_foreclosure_rescue_companies/ Mortgage Fraud Types, Foreclosure Rescue, Mortgage Fraudsters, Ringleader, Mortgage Fraud Locations, Ohio 1) Sean Alan Rutledge, a California attorney, and United Law Group, Inc. (ULG), a California law firm he founded, have been charged in a lawsuit for bilking Ohioans who faced foreclosure out of thousands of dollars. The lawsuit alleges that the law firm promised foreclosure rescue and legal services to save homes and collected upfront fees but failed to deliver. In at least one instance a consumer was …

Read More...]]> 2010-02-08T09:33:44Z http://www.mortgagefraudblog.com/index.php/weblog/president_of_first_fidelity_mortgage_inc_sentenced_for_bank_fraud/ Mortgage Fraud Types, Identity Fraud, Mortgage Fraudsters, Mortgage Loan, Mortgage Fraud Locations, Louisiana William Everett Nichols, 56, Alexandria, Louisiana, president and sole shareholder of First Fidelity Mortgage, Inc., was sentenced to six years in federal prison and ordered to pay $3,903,071.00 in restitution for bank fraud. 

As previously reported on Mortgage Fraud, Nichols pled guilty to bank fraud in November 2009. The FBI investigation of Nichols and First Fidelity Mortgage, Inc., doing business as Southern Funding, …

Read More...]]> 2010-02-08T09:31:42Z http://www.mortgagefraudblog.com/index.php/weblog/self_proclaimed_honorable_lady_of_san_francisco_defrauded_mortgage_lenders/ Mortgage Fraud Types, Identity Fraud, Income or Asset , Straw Buyer, Mortgage Fraudsters, Borrower, Mortgage Fraud Locations, California Judy "Miu Wan" Yeung, 58, Mountain View, California, was convicted of one count of conspiracy to commit wire fraud, eight counts of wire fraud, and three counts of witness tampering. 

The jury, after deliberating for one day, found that Yeung engaged in a mortgage fraud conspiracy between approximately December 2004 and January 2007. Yeung, together with two mortgage brokers, recruited five individuals to submit loan applications in their names in …

Read More...]]> 2010-02-05T09:58:44Z http://www.mortgagefraudblog.com/index.php/weblog/21_count_indictment_handed_down_in_mortgage_rescue_fraud_scheme/ Mortgage Fraud Types, Foreclosure Rescue, Mortgage Fraudsters, Ringleader, Mortgage Fraud Locations, Delaware Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. Warrants have been issued for their arrest and racketeering liens have been placed on their assets. This represents what is believed to be one of the largest mortgage rescue fraud indictments in Delaware history.

The indictment …

Read More...]]> 2010-02-05T09:51:57Z http://www.mortgagefraudblog.com/index.php/weblog/california_company_sued_for_foreclosure_rescue_fraud/ Mortgage Fraud Types, Foreclosure Rescue, Mortgage Fraudsters, Ringleader, Mortgage Fraud Locations, California, Florida 21st Century Legal Services, Inc., a California company providing loan modification services to homeowners facing foreclosure has been charged with charging consumers up-front fees in violation of Florida's Foreclosure Rescue Fraud Prevention Act.

The complaint alleges that, after initial contact is made with a homeowner, the company arranges for a "company representative" to visit the consumer at home. These representatives are, in fact, local notaries hired by the company to travel to the consumer's home and …

Read More...]]> 2010-02-05T09:24:14Z http://www.mortgagefraudblog.com/index.php/weblog/seminole_county_man_gets_prison_term_for_mortgage_fraud/ Mortgage Fraud Types, Investment Scams, Mortgage Fraudsters, Mortgage Loan, Mortgage Fraud Locations, Florida Stanford Morgan, 44, Seminole County, Florida, president and owner of Homes for Sale by Owner, Inc., was sentenced to six years in prison after pleading guilty to a criminal racketeering scheme that involved mortgage fraud in home purchasing. Upon his release from prison, Stanford Morgan must also pay full restitution, including $200,000 to an investing couple in one transaction and compensation to the lending institutions he defrauded in other …

Read More...]]> 2010-02-05T09:16:56Z http://www.mortgagefraudblog.com/index.php/weblog/two_more_people_sentenced_for_mortgage_fraud_crimes/ Mortgage Fraud Types, Income or Asset , Mortgage Fraudsters, Mortgage Loan, Real Estate Agent, Mortgage Fraud Locations, Indiana Kevin Lafavers, 46, formerly of Indianapolis, Indiana, was sentenced to 33 months in federal prison, and Donald T. Brown, 67, Lebanon, Indiana, was sentenced to 27 months in prison. Both were sentenced following Lafavers' guilty pleas to conspiracy to commit wire fraud and wire fraud and Brown's guilty pleas to conspiracy to commit wire fraud and money laundering. These proceedings concerned the defendants' participation in a multi-million dollar mortgage fraud …

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