John York, Wentzville, Missouri, was sentenced to 21 months in federal prison on charges of conspiracy to defraud the United States through his business, The Mortgage Store, Inc., in 2008.
Six individuals were indicted for participating in a mortgage fraud conspiracy involving alleged misrepresentations to the banks including fictitious verifications of false and fraudulent employment and bank deposit information set forth on loan applications. Continue Reading…
Carole Tilghman, 50, Baltimore, Maryland, a title insurance agent who took tens of thousands of dollars from her clients’ escrow accounts to pay her personal bills pleaded guilty in the Circuit Court for Baltimore County to one count each of felony theft and felony theft scheme.
Rashmi Airan-Pace, South Miami, Florida, was granted a disciplinary revocation, with leave to seek readmission after five years, effective immediately, following a February 27, 2015 court order. Continue Reading…
Dov Ratchkauskas, 48, Allegheny County, Pennsylvania, has been indicted by a federal grand jury on a charge of Contempt of Court for allegedly trying to obtain a passport while out on bond in connection with a mortgage fraud prosecution.
Tri-State Holdings-32, LLC, and principals Brandon Miller and Tony Caldwell, are the subject of a lawsuit for allegedly running a scam house-flipping business. The suit alleges that they quickly flipped homes and sought new buyers to purchase homes already sold to other consumers who had stopped paying. Existing homeowners often found that deeds had not been recorded in their name, offering no protection from the house being resold out from under them.
Anthony Carta, 53, Detroit, Michigan, was sentenced to 30 to 99 years in prison for taking hundreds of thousands of dollars from more than 100 victims who believed he was going to help them with mortgage loans through his Southfield, Michigan, entity Freedom By Faith Ministries.
Ramin Yeganeh, San Mateo, California, a real estate investor, has agreed to plead guilty for his role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California.
Abbe Edelman, 51, Livingston, New Jersey, was sentenced to 135 months in prison for running a real estate investment scheme that bilked victims out of more than $5 million.
Dean Rossi, 49, Warrington, Pennsylvania, was arrested in connection with an alleged mortgage fraud scheme for misappropriating funds from real estate closings intended for paying off mortgages.