Daniel Michie, 33, Marathon, Florida, had his name added to the deeds of two lots owned by his 68 year old mother without her permission. He then obtained a mortgage for $137,000 on the property, again without her permission.
Continue Reading...Robert Ilunga, 48, Naugatuck, Connecticut, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Donna F. Martinez in Hartford to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering.
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Raymond Foakes, 48, Rohnert Park, California, was sentenced to 70 months in prison and ordered to pay $1,085,000 in restitution for his role in a multi-million dollar mortgage fraud scheme.
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Kenneth McGavitt, 58, Washington, Pennsylvania, has been sentenced in federal court to 57 months in prison for his role in defrauding lenders by submitting forged lease agreements and loan documents as well as making false representations concerning collateral.
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Anthony F. Cutaia, 65, Boynton Beach, Florida, was sentenced yesterday in federal court. U.S. District Court Judge Daniel T.K. Hurley sentenced Cutaia to 51 months in prison, to be followed by 3 years of supervised release for his role in a real estate ponzi scheme.
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Mortgage and foreclosure related complaints have quadrupled over the past two years to become the number one reason consumers contacted the Massachusetts Attorney General’s Office for assistance in 2011.
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That’s how much lenders lost when Mr. McGavitt used forged documents that inflated the rents paid to him on a Donegal, Washington County, building he owned, to get loans backed by the building. The regional …
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COLORADO SPRINGS (MCT) Colorado ranks eighth among states as a mortgage fraud hot spot, an FBI agent specializing in white-collar crime told members of the Southern Chapter of the Colorado Mortgage…
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US Attorney Hickton commended the Mortgage Fraud Task Force for the investigation leading to the successful prosecution of McGavitt. The Mortgage Fraud Task Force is comprised of investigators from federal…
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Alba Fito, 45, of Hialeah and Sacha Rodriguez, 31, of Miami face charges of grand theft exceeding $100000 in connection with a mortgage-fraud investigation, according to the Monroe County Sheriff’s Office…
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