…accused of orchestrating a massive mortgage fraud scheme pleaded guilty yesterday in federal court in Greenbelt, admitting that she played a central role in swindling desperate homeowners out of millions of dollars.
Kandace Yancy Marriott, 52, Gun Barrel City, Texas, having been found guilty by a Navarro County jury of engaging in organized criminal activity, was sentenced to 99 years in prison for her role in a mortgage fraud scheme. According to prosecutors, evidence presented at the punishment stage showed Marriott received monthly mortgage payments from her clients, failed to remit
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Martha Aleman was found guilty by a Miami, Florida jury on a three count indictment, first returned in 1993, charging her with conspiracy to commit bank fraud; bank fraud; and making false statements to a federally insured lending institution. Sentencing is scheduled before U.S. District Judge Adalberto Jordan for June 9, 2009.
According to the evidence presented during trial, from approximately February 6 to March 12, 1990,
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The mortgage industry, applying far more scrutiny after a tidal wave of defaults, reported a record number of mortgage fraud incidents last year, with Rhode Island making its first appearance as the nation’s top fraud hot spot.
Incidents of mortgage fraud increased 26% from 2007 to 2008. Rhode Island, Florida and Illinois top the list of states with highest mortgage fraud rates.
Reported incidents of mortgage fraud in the U.S. are at an all-time high and increased by 26 percent from 2007 to 2008 according to a new report released today by the Mortgage Asset Research Institute (MARI®), a LexisNexis® service. The 11th Periodic Mortgage Fraud Case Report to the Mortgage Banker’s Association
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A telephone hotline has been established by the FBI to receive complaints from the public regarding mortgage fraud matters.
The FBI considers mortgage fraud to be a significant and growing crime problem which often affects unknowing consumers, and which has a direct impact upon the overall economic health of the United States. The collapse of the subprime mortgage market, as well as the recent economic downturn, has been met with a corresponding increase in fraud and schemes connected to
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Premier Financial Lenders, a fictitious company, is exploiting North Dakota’s reputation for honesty in an effort to con people across the country. This advance loan fee scheme has prompted consumer complaints as far away as California claiming that a North Dakota company is involved in a scam.
The phony company, currently using the business name “Premier Financial
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Jack Ferm, a former talk show host in Las Vegas, Nevada, has been arrested on two counts of felony theft and related charges in connection with the operation of U.S. Justice Foundation, a mortgage rescue scam.
Ferm is the President and owner of U.S. Justice Foundation, a document preparation business which misled
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Robert Dewain Venson, 38, Fort Washington, Maryland was arrested for mail and wire fraud, money laundering and failing to file tax returns in connection with a three year mortgage fraud scheme involving 13 residential properties. The indictment was returned on February 23, 2009 and unsealed on March 11, 2009, upon his arrest. Venson had his initial appearance in federal
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3 individuals have pled guilty to loan modification fraud against hundreds of “desperate California homeowners” and were sentenced to as much as 6 years of prison. The defendants sentenced were part of a foreclosure scam engineered by the First Gov company, which was based in San Bernardino, California.
• Rosa Conrado, 51, San Bernardino, California, was
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