John A. Yanchek, 49, Sarasota, Florida, a practicing attorney licensed by the State of Florida, pleaded guilty before Magistrate Judge Thomas B. McCoun III to three counts of a 47-count Indictment charging four individuals with conspiracy, making false statements in connection with bank loans, scheming to defraud several FDIC – insured banks, and money laundering. Mortgage Fraud Blog Continue Reading...
Alexander Kaplan, Brooklyn, New York, was found guilty of participating in a multimillion-dollar mortgage fraud scheme, after a two-week jury trial in Manhattan federal court, on all eighteen counts in the Indictment against him.
According to the evidence at trial, statements made in open court, and the Indictment:
From late 2004 through January 2007, Kaplan and his
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Howard A. Sperling, 44, San Diego, California, pleaded guilty in federal district court to conspiracy to commit wire fraud for his part in a scheme to defraud a California construction firm of nearly $13 million.
According to the information presented in court: From August 2003 through January 2004, Sperling and his co-defendants conspired to defraud Cornell Corrections of
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Michigan Attorney General Mike Cox and 11 state attorneys general are questioning a federal report which could cause more home foreclosures because it over-estimates how many homeowners defaulted after using the mortgage modification process. It is feared the report may cause lenders and policymakers to reduce the number of future modifications.
“For many families, modifying an existing mortgage is the only way to avoid foreclosure,” said Cox. “This report sends the wrong
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The Western Pennsylvania Mortgage Fraud Task Force, a strategic partnership intended to combat the growing problem of mortgage fraud in the Greater Pittsburgh region, was recognized by United States Attorney Mary Beth Buchanan and key officials from federal, state and local law enforcement and regulatory agencies on it’s one year anniversary.
The Mortgage Fraud Task Force brings together representatives from the U.S. Attorney’s Office, U.S. Secret Service, Federal Bureau of
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Brian Guimond, 42, Norwich, Connecticut, was set to be sentenced on February 2, 2009, however his sentencing has been continued to April 30, 2009 before US District Court Judge Vanessa L. Bryant. As previously reported by Mortgage Fraud Blog, Continue Reading...
Vijay K. Taneja, 48, Fairfax, Virginia, has been sentenced to 84 months in prison, followed by three years of supervised release, and ordered to pay $33 million in restitution to four financial institutions: Franklin Bank, First Tennessee Bank, Wells Fargo Bank, and Continue Reading...
John M. Rubischko, 37, Eagan, Minnesota, was sentenced in federal court on counts of wire fraud and aggravated identity theft in connection with a mortgage fraud scheme resulting in losses of more than $1 million. United States District Court Judge Donovan Frank sentenced Rubischko to 87 months in prison and five years supervised release on one count of wire fraud and one count of
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Mark Turkcan, 53, Kirkwood, Missouri, appeared before United States District Judge Donald J. Stohr and pled guilty to one felony count of misapplication of bank money by a bank officer. Specifically, Turkcan pled guilty to the misapplication of funds connected with his position at First Bank Mortgage, causing a loss of $35
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Edward Levinson, 49, Chesterfield, Missouri, was indicted by a federal grand jury on ten felony counts of bank fraud in connection with his construction business, resulting in more than $10 million in losses to banks and prospective home owners and subcontractors.
According to the Indictment, Edward A. Levinson was in
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