James William Fox II, 40, Crofton, Maryland, was sentenced by U.S. District Judge J. Frederick Motz to 27 months in prison, followed by three years of supervised release, for conspiracy to commit wire fraud in connection with a mortgage fraud scheme which he promised to help homeowners facing foreclosure keep their homes, but left them with no equity and no longer holding the title to their properties. At the sentencing
Continue Reading...Archives For Foreclosure Rescue
Jeff McGrue, 51, Tacoma, Washington, was been found guilty of federal fraud charges for running a scheme that defrauded the owners of distressed homes by promising to delay or prevent foreclosure through a program that supposedly used notes backed by Treasury bonds to pay off mortgages.
McGrue was found guilty late Friday, January 21, 2011, by a federal jury of four counts of
Continue Reading...
Elviston Ramasir, 27, Manorville, New York, the former president of Home Free Realty, Inc., a Long Island real estate services company, pled guilty in Manhattan federal court to committing two separate real estate fraud schemes. In one of the schemes, Ramasir stole over $1.5 million from investors by promising them huge rates of return on investments in properties that he promised to
Continue Reading...
James Dan, 45, Annapolis, Maryland, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme which promised to help homeowners facing foreclosure keep their homes, but left them homeless and with no equity.
According to his plea agreement, James Dan met an associate
Continue Reading...
George M. Eggleston, 63, Las Vegas, Nevada, has been charged with wire fraud and mail fraud in a foreclosure rescue scheme. A federal grand jury returned the indictment on June 10, 2010 and was unsealed after Eggleston’s arrest. The indictment also seeks forfeiture of all property and proceeds obtained directly or indirectly in the scheme.
According to the Continue Reading...
Jeffery Tye Brown, 50, Henderson, Nevada, was sentenced to prison following a plea of guilty to felony mortgage fraud in violation of NRS 205.372, a Category C felony, in connection with the operation of DB Financial Services, a foreclosure rescue business located in Henderson.
Las Vegas District Court Department 1 Judge Kenneth E. Cory sentenced Continue Reading...
Hector Ricardo Esquivel, San Jose, California, a former real estate agent, was sentenced to one year in jail for six felony counts of grand theft for defrauding homeowners in a loan modification scam.
Esquivel solicited victims from Santa Clara County, California and beyond between May 2008 and May 2009. Victims lost
Continue Reading...
Martha Rodriguez, 38, Downey, California, orchestrated a real estate fraud scheme that caused nearly $13 million in losses after falsely promising to help homeowners in default on their mortgages has been sentenced to 10 years in federal prison. Rodriguez who pleaded guilty to mail fraud and
Continue Reading...
The USMAC Law Group is prohibited from doing loan modifications in Oregon and must pay $28,857 under a settlement with the Oregon Department of Justice. The settlement will provide refunds to some Oregon homeowners and prohibit a California law firm from doing further loan modification work in Oregon.
The Oregon
Continue Reading...
Federal Trade Commission Chairman Jon Leibowitz, joined by U.S. Senator Harry Reid, Nevada Attorney General Catherine Cortez Masto, and Assistant Attorney General Tony West of the Civil Division of the U.S. Department of Justice, announced Operation Stolen Hope as part of a continuing federal-state crackdown on mortgage foreclosure rescue and loan modification scams. The operation involves 118 actions by 26 federal and state agencies.
Continue Reading...