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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Dea Character, 51, Shaker Heights, Ohio, an Attorney, pleaded guilty to Engaging in a Pattern of Corrupt Activity, or RICO, a first degree felony, and five counts of Theft by Deception and five counts of Money Laundering. Co-defendant Tyrone Cody, 38, Shaker Heights, is scheduled for trial on Monday, June 8, 2009. Continue Reading...
Ernie Colter, 50, has been indicted by the the Colorado Statewide Grand Jury on three counts of theft and one count of forgery for his role in fraudulently obtaining a loan for a client and then stealing some proceeds from a related real estate transaction.
According to the indictment, Colter, acting as the originating broker for a real estate transaction, qualified a client for
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Bobby John Herrera, 33, Glendale, Arizona, has been sentenced to five years in prison as the result of a mortgage loan assistance scam he orchestrated that victimized 47 Valley homeowners. Herrera was also ordered to pay $80,541 in restitution to victims.
Sergej Tews has been sentenced to 33 months in prison, to be followed by 3 years of supervised release in connection with his participation in a complex foreclosure fraud scheme in which he filed and foreclosed on false mortgages. In addition, Tews was ordered to pay $635,966.20 in restitution, and to forfeit certain monies and his interest in certain property. As Continue Reading...