Rosario Divins, 55, San Antonio, Texas, has been found guilty by a federal jury on seven counts each of criminal contempt and mail fraud for engaging in a fraudulent foreclosure prevention scheme. Testimony during the three-day trial revealed that Divins unjustly enriched herself by collecting over $100,000 in cash from individuals in desperate financial situations who responded to
Continue Reading...Arthur James Marshall, Jr. has been charged in a twenty-two-count indictment with fraud and money laundering in his real estate ventures. It was reported in news coverage of the April 3, 2009 execution of a search warrant by the Federal Bureau of Investigation on Marshall’s former office building that Marshall was a local
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Pierre Sowell, 37, Dallas, Texas, was indicted by a federal grand jury in Plano, Texas, for several counts of mail fraud and conspiracy to commit mail fraud in connection with a mortgage fraud scheme.
According to the indictment, Sowell and an unindicted, unnamed co-conspirator are alleged to have engaged in a scheme to make false statements to mortgage lenders to obtain
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Lee Howlett, 45, Portland, Oregon, who had pled guilty to one count of conspiracy to commit wire fraud, aggravated identity theft and money laundering, will be sentenced on July 17, 2009. As previously reported by Mortgage Fraud Blog,
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Veteran real estate lawyers say that they’ve heard of suits by title insurers against lawyers who weren’t diligent but that this is the first they know of to allege an attorney failed to research previous sales in the property’s history — a job usually thought to be the role of title professionals.
Calvin Davis, 48, New Orleans, Louisiana, has been sentenced by the Honorable Martin L.C. Feldman to forty (40) months imprisonment pursuant to his plea of guilty to Conspiracy to Commit Mail Fraud, Making False Statements to Obtain HUD Insurance and Making False Statements In Income Tax Returns, announced U. S. Attorney Jim Letten. As Continue Reading...
Gilfert Welton Jackson, 64, Los Angeles, California, was arrested without incident at a homeowner’s residence in Los Angeles by Los Angeles County Sheriff’s deputies and turned over to special agents with the Federal Bureau of Investigation. Jackson was taken into federal custody on charges that he has been defrauding homeowners by falsely promising them that he could prevent
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Eddie Zaben, 39, Dearborn, Michigan, is charged with one count of continuing criminal enterprise (racketeering), a 20-year felony, and eight counts of false pretenses over $20,000, each a 10-year felony. The charges resulted from a year-long investigation by the Michigan Mortgage Fraud Task Force and included efforts from the Michigan State Police, U.S. Secret Service, and the Attorney General’s office. The joint investigation
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Two separate legal actions have been filed for mortgage fraud. The Complaints, among other things, seek to enjoin a foreclosure proceeding, seek civil penalties and restitution for alleged mortgage loan fraud. The lawsuits allege violations of New Mexico’s Mortgage Loan Company & Loan Broker Act, Unfair Practices Act and Home Loan Protection Act.
Deutsche Bank, US Bancorp, Saxon Mortgage Brokerage, North
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Capmark Finance Inc., a California mortgage lender, has been charged for violating the False Claims Act by making false statements on applications for federal mortgage insurance covering residential nursing homes. The lawsuit, filed in United States District Court in Los Angeles, relates to a federal program under which the U.S. Department of Housing and Urban Development (HUD) guarantees mortgage loans used to acquire healthcare
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