Where does mortgage fraud begin and how do we prevent or at least begin to stop mortgage fraud? Once a white-collar criminal gets away with fraud, the process quickly becomes addictive. Succ
Continue Reading...Foster agreed that the property could be sold for $280000 to a straw buyer through the mortgage fraud scheme, with the proceeds split among Foster and the other conspirators. Foster knew the appraisal for the…
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Ali Khalil, 32, Amanullah Khalil, 39, and Wahidullah Khalil, 27, all of Elk Grove, California, pleaded guilty to charges arising out of a mortgage fraud scheme.
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Sandy P. Kim, 43, Ellicott City, Maryland, pleaded guilty to wire fraud in connection with her role as a title agent. Kim addmitted the she stole closing funds for her personal use.
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“Members of the scheme were willing to launder money and even to kill in order to get their hands on the profits and cover their tracks,” U.S. Attorney Paul J. Fishman said in a statement Thursday. On
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Eleven individuals from five states are charged in New Jersey for their alleged roles in a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos, including a defendant who attempted to murder a witness to the scheme.
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U.S. District Judge Gerald Bruce Lee today sentenced Nadin Samnang, of Ashburn, to seven years in prison and another three of supervised released for orchestrating a mortgage fraud scheme that resulted in more
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The Star-Ledger – NJ.comFBI arrests South Jersey public defender in mortgage fraud schemeThe Star-Ledger – NJ.comNEWARK — A south Jersey town’s public defender is among 11 people from five states charge
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USA TODAY Syncora sued Bank of America in 2009 to recover losses on securities transactions based on home loans made by Countrywide Financial, which was bought by Bank of America in 2008. Syncora said it was dup
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Carlos D. Cuevas-DÃaz, Miguel Ãngel Echegaray-González, and Lee A. Arcia-Centeno, San Juan, Puerto Rico, have been indicted for conspiring and knowingly making false statements or cause false statements to be made to mortgage lending institutions Equity Mortgage, Latin American, and Express Solution for the purpose of influencing the Federal Housing Administration (FHA) to insure the mortgage loans.
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