The U.S. Department of Justice recently announced a multimillion-dollar settlement with three men who are accused of knowingly making false statements as part of a nursing home mortgage-refinance scheme. Philip…
Continue Reading...Making All Homes Affordable, LLC (“MAHA”) and its owner Albert Figueroa, Phoenix, Arizona and La Paz Source, LLC, its owners, Maria Beltran and her husband, Francisco Ramos, Tucson, Arizona and their new operation La Placita Multi Services, LLC owned and operated by Beltran and an individual named Arturo Gomez Leon had lawsuits filed against them for selling mortgage modification services to distressed homeowners.
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William David (Bill) Strong, Missouri, has been convicted of securities fraud and unlawful merchandising practices for his role in the real estate investment scheme perpetrated by Greenleaf Companies and The Real Estate Company in Springfield, Missouri.
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Chad Arthur Anderson, 38, and Troy Allen Huston, 42, both of Chisago City, Minnesota, two mortgage loan officers, pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme.
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Danli Liu, Fremont, California, a Northern California real estate investor, has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Michael Hodges, 53, New London, Connecticut, was sentenced to 18 months of imprisonment, followed by two years of supervised release, for his participation in an eastern Connecticut mortgage fraud scheme.
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Kenneth Perkins, 30, Groton, Connecticut, was sentenced to eight months of imprisonment, followed by three years of supervised release for his role in an extensive mortgage fraud scheme.
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Citizens are encouraged to report any suspected mortgage fraud activity by calling 203-333-3512 and requesting the Connecticut Mortgage Fraud Task Force, or by sending an e-mail to ctmortgagefraud@ic.fbi.gov.
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Two Chicago City men have pleaded guilty in a mortgage fraud scheme that cost lenders more than $2.5 million, the U.S. Attorney’s Office said Tuesday. Ed Stych: Web Producer- Minneapolis / St. Paul Business…
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Sonata Bastien a/k/a Sean Chase, 30, formerly of Boston, Massachusetts, has been charged with fraudulently offering real estate loans over the Internet, then failing to make the loans or refund the application fees.
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