Randy Alan Carpenter, 54, Spruce Pine, North Carolina, was indicted by a federal grand jury for operating a scheme to defraud federally insured banks and individual investors out of over $82 million in residential mortgage loan proceeds.
Continue Reading...(press release distribution) Internal documents, public records and insider interviews have revealed that Ronnie Duke, the mastermind behind the largest mortgage fraud case in the country, had help from…
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Los Angeles Times The FTC, which filed the legal action to halt the alleged fraud, said the lawsuits were either neglected or dismissed. The case is one of many arising from the mortgage and foreclosure crisis…
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By Emily Gurnon A former White Bear Township board chair serving a federal prison term for mortgage fraud has been disbarred. Richard Sand, 60, admitted at his August 2011 sentencing that he participated in a…
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Douglas admitted taking more than $2 million in proceeds from residential mortgage loan closings and refinances overseen by his law firm. Douglas pleaded guilty as part of a deal with prosecutors for a reduced…
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Joseph Duane Gustafson Jr., 37, was convicted by a jury of racketeering in the Beat Down Posse case. The charges included terroristic threats, kidnapping and multiple counts of mortgage fraud, drug trafficking and unlawful possession of a firearm.
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Bella Homes LLC was sued in a civil action for orchestrating a foreclosure rescue scheme, which has ended in a Consent Judgment and signals the end of a national foreclosure rescue scheme.
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Shawna Lea Pennington, 40, Caldwell, Idaho, pleaded guilty in U.S. District Court to bank fraud and bankruptcy fraud for making misrepresentations in a loan application and for failing to disclose creditors in her bankruptcy proceeding.
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WHMI3/22/12 – A Livingston County man has entered a plea to charges that he was part of a multi-million dollar mortgage fraud scheme. 40-year-old William Camsell Wells III of Oceola Township pleaded guilty…
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Anthony J. DeMarco, III, 33, Conshohocken, Pennsylvania, pleaded guilty to conspiracy and fraud charges in connection with a mortgage fraud scheme involving more than $30 million in loans.
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