Kenneth Steward, 45, South Holland, Illinois, was sentenced to 17½ years in federal prison for directing a $35 million mortgage fraud scheme involving more than 120 residences on the city’s south side. The scheme caused various lenders and financial institutions to lose approximately $16 million on mortgage loans that were not repaid by the borrowers or fully recovered through subsequent foreclosure sales.
Continue Reading...Kevin D. O’Connell, 62, Albany, New York, pled guilty on Wednesday, August 17, 2011, to one count of conspiracy to commit bank fraud and mail fraud in connection with his role in a real estate investment fraud scheme.
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Vincent Weiner, a supervisor in the Key West Field Office, has been charged with grand theft and fraud after he allegedly made false claims on his property taxes, FDLE investigators said. Weiner has worked for
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MiamiHerald.comThe Florida Attorney General’s Office of Statewide Prosecution, 11th Judicial Circuit State Attorney’s Office, and Miami-Dade Police Department’s Mortgage Fraud Task Force partnered to arrest and
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Globe and MailS&P in US mortgage fraud probeToronto SunWASHINGTON – The US Justice Department is investigating whether Standard & Poor’s improperly rated dozens of mortgage securities in the years befor
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Michael Williams, 33, Jersey City, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a “straw buyer” to cause a lender to release more than $632,000 based on a fraudulent mortgage loan application
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Robert Stinson Jr., 56, Berwyn, Pennsylvania, pleaded guilty to charges contained in a 26-count indictment detailing a Ponzi scheme that defrauded more than 260 investors of more than $17 million.
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by New York RealEstateRama NEW YORK, NY – August 16, 2011 – (RealEstateRama) — This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New Y
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ThirdAgeMortgage fraud is on the rise in a trend that is likely to continue as long as the housing market remains anemic, the FBI says. The FBI reported 3129 pending mortgage fraud investigations in 2010, up 12
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A Brooklyn Park man was found guilty on Friday of racketeering for his role in a $5.1 million mortgage fraud scheme that took place in 2006. Eric Devon Bernard—who legally changed his name to Eric Allen
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