… his wife Paula Hornberger, and Joel Streinz, a former police officer, guilty of conspiracy to commit wire fraud and of making false statements on loan applications submitted to FDIC-insured financial…
Continue Reading...As the economy continues to suffer, mortgage fraud continues to rise, according to the Better Business Bureau. The BBB wants to warn consumers about mortgage fraud scammers who are taking advantage of people…
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The diverted money, totaling $3.5 million, was then used for personal benefit or to help fund other mortgage fraud schemes, federal officials said. The manager of Raviworld New Homes, Inc., Bhaardwaj Seecharan…
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Press-Enterprise…faces 312 felony counts for his part in an alleged mortgage and invesment fraud after prosecutors added new charges. BY TIFFANY RAY Riverside County prosecutors have filed more than 80…
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Seven defendants, including a man who co-owned a Chicago, Illinois, condominium building, a police officer and two loan officers, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 35 mortgage loans totaling more than $8.8 million from various lenders.
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Frederic Alan Gladle, 53, Austin, Texas, was sentenced to 61 months in prison and was ordered to forfeit $84,010 for his role in operating a foreclosure rescue scam in Southern California and elsewhere that charged distressed homeowners fees in exchange for fraudulently delaying foreclosure sales.
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CAMDEN A mother and daughter from New Jersey each were sentenced today to 24 months in prison for participating in a scheme involving New Jersey properties that caused mortgage lenders to release more t
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KGO-TV These types of crimes related to mortgage fraud not only take advantage of the public’s trust, but undermines the very foundations of our economy, said FBI Special Agent in Charge Stepha
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James Delbert McConville, 61, Fremont, California, was sentenced to 93 months in prison, and ordered to pay more than $7 million in restitution for conspiring to commit mail and wire fraud related to approximately 80 fraudulent loan applications secured by real property in Escondido and San Marcos, California.
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Kevin W. Caffrey, 47, Wolcott, Connecticut, was sentenced by United States District Judge Janet C. Hall in to 12 months and one day of imprisonment, for his role in his ex-wife’s scheme to defraud Webster Bank of more than $6.2 million.