Danny Ray Butler, 57, Fosters, Alabama, has been indicted by a federal grand jury on multiple fraud and false statement charges connected to schemes to defraud financial institutions.
Archives For Loan App. Misreps
Karin A. Hazel, aka Karin A. Caruso, aka Karin A. Corbin, Canal Winchester, Ohio, pleaded guilty to tax and mortgage fraud crimes just before her trial was to begin.
Salvatore J. Leone, 50, Dover, Delaware, pleaded guilty to conspiracy to commit bank fraud concerning the procurement and use of loan funds.
John Allen, Laguna Hills, California, a mortgage loan processor based in was sentenced to one year in custody by U.S. District Court Judge John A. Houston for his participation in an investment and mortgage loan fraud scheme that generated nearly $15 million in kickbacks.
Mary Armstrong, the mastermind of a $100 million mortgage fraud that generated almost $15 million in illegal kickbacks, was sentenced to 100 months in prison by U.S. District Judge John A. Houston.
Michelle Martinez, 49, Brick, New Jersey, loan officer, and Dana Rummerfield, 47, Los Angeles, California, straw purchaser, admitted they conspired to defraud financial institutions as part of a multi-million-dollar mortgage fraud scam to make illegal profits on over-developed condominiums in the Wildwood, New Jersey area. Continue Reading…
Six individuals, including three mortgage brokers and a real estate agent, have agreed to pay civil penalties ranging from $5,000 to $85,000 to the United States to resolve civil fraud allegations stemming from false statements they made on mortgage loan applications.
Ten defendants, including five licensed loan originators, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 52 residential mortgage loans totaling at least $14.5 million from various lenders.
Chad Allen Lazzari, 45, Tarpon Springs, Florida, was sentenced by U.S. District Judge James D. Whittemore to 15 months in federal prison for wire fraud and making false statements to federally-insured banks.
John Parisi, 52, Atlantic City, New Jersey, admitted he conspired to defraud FirstPlus Financial Group Inc. (FPFG), a Texas-based financial services company allegedly targeted for extortionate takeover and looting by a group led by alleged Lucchese organized crime family member Nicodemo S. Scarfo.