Richard D. Guerard, 43, Savannah, Georgia, was sentenced by U.S. District Judge William T. Moore, Jr. at the U.S. Courthouse in Savannah, Georgia, to 52 months in prison in connection with a conspiracy to defraud over $2 million from the First National Bank, Savannah, Georgia, and other banks from 2007 to 2009.
Continue Reading...6abc.comPHILADELPHIA (AP) â┚¬â€ The pastor of a suburban Philadelphia church and his wife are charged with orchestrating a $6 million mortgage fraud scheme in which he allegedly v
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First Coast NewsTwenty people in South Florida, including licensed real estate agents and mortgage brokers, were charged in a $40 million bank and mortgage fraud scheme, according to several law enforcement…
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Traxler also allegedly lied about the status of mortgage loans, and convinced banks to put additional money in lines of credit. “This is another example of how fraud was perpetrated in the housing markets…
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The state’s 2006 Mortgage Rescue Fraud Act allows lawyers to collect upfront fees from homeowners for mortgage rescue services in the course of legitimate legal work. While the businesses use attorneys as the…
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A 25-count indictment charging eight individuals with conspiracy to commit financial institution fraud and wire fraud was unsealed. The defendants, Jacob Moynihan, Gerald Moynihan, John Greco, Raymond Foakes, Desiree Maclean, Josh Leo Johnson, Jerry Mays and Justin Batemon, were also charged with money laundering, conspiracy to maintain drug-involved premises and possession with intent to distribute a controlled substance.
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Dustin LaFavre, 28, Webster, Minnesota, was sentenced for bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 2008.
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John F. Hochrek, Jr., 50, Spring Grove, Illinois, was sentenced by United States District Judge Lynn S. Adelman to 6 months in prison for his role in a mortgage fraud scheme involving at least 44 residential properties and millions of dollars of loss.
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WASHINGTON (Dow Jones)–Reports of mortgage fraud in the US surged by nearly 88% in the second quarter of this year as banks discovered more problem loans made during the housing boom, according to a government…
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San Francisco Examiner SAN FRANCISCO — A Bay Area mortgage broker has been charged with conspiring to arrange more than $10 million in fraudulent home loans for clients who included two leaders…
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