The U.S. Attorney’s Office for the District of Columbia has successfully built upon the efforts of Operation Stolen Dreams, a nationwide initiative against mortgage fraud, with prosecutions of defendants accused of crimes that resulted in losses of more than $10 million. Those convicted include:
Ronald Johannes Sneijder, Herndon, Virginia, 48, a former owner of a title and escrow company based in the District of Columbia.
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William “Bart” Monroe, 56, Henderson, Nevada, who was once a vice-president for a Las Vegas home builder, has pleaded guilty to felony fraud charges for stealing about $1.4 million from his former employer over a four-year period. The Defendant pleaded guilty on June 23, 2011, before U.S. District Judge Gloria Navarro to one count of conspiracy to commit mail fraud, 11 counts of mail fraud, and one count of tax evasion.
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South Florida’s mortgage fraud risk index spiked 10 percent during the first part of the year, shooting the region to second place nationally for potential housing scams.
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Isaac Jerome Smith, 48, Spotsylvania, Virginia; and Alvita Karen Gunn, 33, Hanover, Maryland, were sentenced by U.S. District Judge Roger W. Titus to 70 months and 60 months in prison, each followed by three years of supervised release, respectively, for a fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection with their
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Robert E. Maloney, Jr., 47, McDonough, Georgia, was arraigned on federal charges before United States Magistrate Judge Janet F. King. A superseding indictment charges Maloney and two former top officers of “FirstCity Bank,” Stockbridge, Georgia: Mark A. Conner, 45,
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Joseph Bowen Brown, 30, pleaded guilty in federal court conspiracy to commit wire fraud in a mortgage fraud scheme based in Phoenix, Arizona. Five others have entered guilty pleas in the same scheme and are awaiting sentencing.
As previously reported by Mortgage Fraud Blog, and as confirmed by his guilty plea,Continue Reading...
A New York attorney who is serving a 10-year sentence for mortgage fraud has been disbarred by a state appellate court.
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The Financial Crimes Enforcement Network (FinCEN), in its First Quarter 2011 Mortgage Loan Fraud (MLF) analysis, reported that the number of MLF suspicious activity reports (SARs) rose to 25,485 up 31 percent from 19,420 in the first quarter of 2010. FinCEN attributes the increase to large mortgage lenders conducting additional reviews after receiving demands to repurchase poorly performing mortgage
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Reports of mortgage fraud in the U.S. rose 31% in the first three months of this year as banks scoured their files for shady loans made during the housing boom, according to a government report…
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A federal grand jury returned an eight-count indictment this week charging five individuals relating to their operation of a mortgage fraud conspiracy in the Dallas-Fort Worth, Texas (DFW) area.
Fredrick Lee Moore, 38, Dallas, Texas; Fredrick Barnard Lynch, 39, Desoto, Texas; Continue Reading...
