A onetime Sarasota-area mortgage broker was sentenced to five years in federal prison for what authorities called a sophisticated mortgage fraud scheme. Arthur Seaborne, 70, pleaded guilty to conspiring to…
Continue Reading...A Jackson man is accused of submitting false documents as part of a $10 million mortgage fraud scheme, the New Jersey U.S. Attorney’s Office announced in a press release. Joseph DiValli, 44, worked as a loan of…
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FBI agents Thursday arrested a Lyndhurst man and eight other people in connection with a series of mortgage fraud schemes that bilked nearly $10 million from lenders, authorities said. The defendants allegedly…
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He and others then submitted fraudulent mortgage loan applications to lenders for these same clients, omitting the fact that the down payment had been loaned to them and overstating assets. Over the course of…
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The News HeraldLonett Rochell Williams, 47, Woodland Hills, California, was sentenced yesterday to 10 years in prison for conspiracy to commit mail fraud, conspiracy to commit money laundering, and six…
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10 individuals have been indicted on 44-counts for their alleged roles in a mail and wire fraud conspiracy involving timeshare mortgages.
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Arthur R. Seaborne, 70, Sarasota, Florida, was sentenced by U.S. District Judge Steven D. Merryday to 5 years in federal prison for conspiring to commit bank fraud in connection with his role in a residential loan program.
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Hoda Samuel, 60, Elk Grove, California, was found guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud after a 10 day jury trial.
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New research shows mortgage fraud is on the rise, prompting lenders to become more diligent in their loan application reviews. Reports of possible fraud on loan applications processed by Kroll Factual Data rose…
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Joshua S. Goldberg was indicted by a federal grand jury on charges of conspiracy to commit and committing wire fraud in connection with a mortgage fraud scheme in which fraudulent loans were obtained on at least five properties.