Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.
Continue Reading...Plain Dealer (blog)(Cleveland)- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force announced five (5) defendants plead guilty to mortgage fraud crimes covering over 500 real estate…
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Darin Epps, former owner of Dunes Mortgage in Myrtle Beach who arranged fraudulent mortgage loans; sentenced to 33 months in prison; scheduled release date is Feb. 25, 2014. Alissa Smith, a real estate sales…
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Some key players in the scheme never were charged, but Evans and Malcom received more prison time than is typical in such cases highlighting what some legal observers call a lack of consistency in…
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NewsNet5.com CLEVELAND – According to prosecutors, Uri Gofman, 39, of Beachwood took more than $44 million from numerous banks in what was likely the largest mortgage fraud case in our nation’s history. But…
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David Shawn Moffitt, 34, the owner of a loan modification business with offices in Lehi and St. George, Utah, has been charged with 9 felony counts for allegedly defrauding hundreds of desperate homeowners.
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Chad Evans, 37, Brookville, Indiana, was sentenced by U.S. District Judge James Moody to 70 months in federal prison for conspiracy to commit wire fraud, bank and mail fraud, and money laundering for his role in a straw buyer scheme.
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COLUMBIA, SC – Two Myrtle Beach residents plead guity to mortgage fraud in Florence on Thursday to mortgage fraud. United States Attorney Bill Nettles stated that James Lee Putnam, age 40, and Alissa Rae Smith…
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Randolph Branham, 45, Destin, Florida, was convicted of conspiracy to commit bank fraud and bribery of a loan officer, following a four-day jury trial.
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AP PHOENIX — Three men who pleaded guilty to participating in a mortgage fraud scheme that focused on high-end properties in Scottsdale and Paradise Valley, Ariz., have been sentenced to federal prison terms…
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