Howard R. Shmuckler, 67, Virginia Beach, Virginia, has been charged by a federal grand jury of running a fraudulent mortgage rescue business that received substantial fees but, in most cases, failed to modify clients’ mortgages.
Continue Reading...Michael A. Gmeinwieser, 38, Crofton, Maryland, pleaded guilty to wire fraud in a scheme to divert over $3 million in settlement funds intended to pay off the previous mortgage on the properties to himself and his company.
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John Siuszko, 55, Wharton, New Jersey, a second man admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a straw buyer to cause a lender to release almost $980,000 based on a fraudulent mortgage loan application.
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CAMDEN, NJ—A second New Jersey man today admitted to his role in a $40.8 million mortgage fraud conspiracy, serving as a straw buyer to cause a lender to release almost $980000 based o
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Richard Pilewicz, 54, Scottsdale, Arizona, an unlicensed real estate agent, pleaded guilty to federal bribery charges for offering to pay thousands of dollars to an individual he believed was a Bank of America employee in exchange for shortened approval times and lower appraisal values in short-sale transactions.
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A total of 47 houses in McKinney and surrounding cities are involved in a mortgage scam. A federal mortgage scheme that netted 40 indictments used homes to fraudulently obtain money from lenders, including seve
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Michael R. Rouse, 56, formerly of Wellington, Florida, was sentenced, in absentia, by U.S. District Judge Barbara M G. Lynn to 210 months in federal prison and ordered to pay $1.9 million in restitution to the 62 identified victims of his crime.
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Probe continues on Cloud 9 Sky Flats fraud, but US attorney’s office won’t say whether developer Jerry Trooien is a target. The Cloud 9 Sky Flats building off Smetana drive in Minnetonka. A deepening mortgage f
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A former mortgage broker and the owner of a defunct manufactured housing dealership in Conway pleaded guilty to felony mortgage fraud charges today in federal court in Florence. Michael Fortenberry, the mortgag
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The sledgehammer we have been taking to the housing market to prevent mortgage fraud needs to be replaced with a scalpel because the former approach is depressing the recovery of the housing market. First, in c
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