Mark S. Farhood, 49, formerly of San Diego, California, and Jason S. Sant, 38, Lecanto, Florida, were sentenced for their roles in operating a nationwide online foreclosure rescue scam that went by various names, including Home Advocate Trustees and Walk Away Today, and used various websites, including walkawaytoday.org and sellfastusa.com, to deceive hundreds of vulnerable, distressed homeowners into surrendering their properties to the company.
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According to the Financial Crimes Enforcement Network (FinCEN), approximately 69,000 Suspicious Activity Reports (SARs) specific to Mortgage Loan Fraud (MLF) in 2012 were received—a 25 percent decrease from those received in 2011.
Raffi Oghlian, 38, Westwood, New Jersey, a loan officer, admitted to conspiring to defraud financial institutions as part of an approximately $2 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on town homes and other real estate in three states.
Adam Lacerda, 28, and Ashley Lacerda, 32, both of Egg Harbor Township, New Jersey; Ian Resnick, 37, Abescon, New Jersey; and Genevieve Manzoni, 46, Lake Worth, Florida, were convicted by a federal jury for their roles in a $3 million conspiracy to scam customers by offering phony consulting services to propery owners and owners of timeshares through the New Jersey-based Vacation Ownership Group LLC.
Theresa Sanders, a/k/a Theresa Hayes, 55, most recently of Westerville, Ohio, an attorney, Tracie Clark, 41, Wimauma, Florida, Michelle Powers, 51, DeRuyter, New York, an attorney, Steven Essig, 60, an appraiser, and Paul Sakowski, 44, both of Syracuse, New York, have been indicted for their roles in a mortgage fraud ring that operated for years and netted more than $1 million by preying upon first-time home buyers and institutional lenders.
The five defendants bilked consumers by advertising a rent-to-own opportunity in which first-time home buyers with low credit were offered the chance to own their own homes with no down payments and no closing costs. The accused then took out fraudulent loans against those properties, conned lenders into believing they were paying off underlying mortgages, and then pocketed the money. Continue Reading…
Pamela Stacey Gerber-Gressier, 53, Cerritos, California, is facing 108 counts of misconduct including the unauthorized practice of law in another jurisdiction, aiding in the unauthorized practice of law, collecting an illegal fee, moral turpitude and failing to return unearned fees.
Yesenia Pouparina, aka Yesenia Campos, 42, Miami, Florida, a title agent and former mortgage broker, was sentenced for her role in a reverse mortgage loan fraud scheme.
Henry J. Papale, 62, Southington, Connecticut, pleaded guilty before Senior United States District Judge Ellen Bree Burns in New Haven to federal wire fraud and money laundering offenses stemming from a mortgage fraud scheme.
Henry J. Papale, 62, Southington, Connecticut, pleaded guilty before Senior United States District Judge Ellen Bree Burns in New Haven to federal wire fraud and money laundering offenses stemming from a mortgage fraud scheme.
Patrick J. Mansell, 68, Boca Raton, Florida, Vice President of Coastal States Mortgage Corporation, pled guilty to conspiracy to commit wire fraud to defraud government sponsored entities, Fannie Mae and Freddie Mac.