He operated the scheme through Platinum Mortgage, DBA Platinum Mortgage, Edison Mortgage, Prime Real Estate and other companies. Between 2003 and 2006, he used fraudulent appraisals, false information on loan…
Continue Reading...David C.H. Lin, 44, Sunnyvale, California, an attorney, was convicted by a federal jury of conspiracy to commit mail and wire fraud, and multiple counts of mail and wire fraud in connection with his role in a private money lender scheme.
Kerley and Whaley are accused of plotting with Sevier County developer Kenneth Lee and mortgage broker Mary Bivens in a scheme designed to skim off equity milk from fraudulent loans that left…
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In a case started from a review of SARs, a specialized mortgage fraud task force launched an investigation that led to charges against two individuals.
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Thomson Reuters News & Insight New York lawyer suspended for failing to stop mortgage fraud Thomson Reuters News & Insight Kontogiannis pleaded guilty in October 2010 to conspiring to commit bank and wire…
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James D. Levitt, 66, Pawtucket, Rhode Island, a disbarred real estate attorney, was sentenced in U.S. District Court in Providence to 12 months and one day in prison and fined $25,000 for his role in a $1.1 million mortgage fraud scheme.
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Bay Net Mortgage fraud is every bit as corrosive to society as street crime,†stated Eric Hylton, Acting Special Agent in Charge, IRS-Criminal Investigation, Washington DC Field Office.
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Housing Wire Florida accounted for more of those reports than any state but California and was the source of one in every 10 cases of suspected mortgage fraud. In 2002, the Financial Crimes Enforcement Network…
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WPROPROVIDENCE, RI A disbarred Rhode Island attorney has been sentenced to federal prison for his role in a $1.1 million mortgage fraud scheme. Federal prosecutors said Tuesday that 66-year-old James…
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A former mortgage company executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send his case back to a lower court. Attorneys for…
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