Archives For occupancy fraud

Michael R. Anderson, 46, attorney, Framingham, Massachusetts, was sentenced to two years in prison, two years of supervised release, and ordered to pay $11,048,212 in restitution and forfeit $7,413,712 in connection with a multi-year, multi-property mortgage fraud scheme in Dorchester and Roxbury, Massachusetts.  In January 2011, Anderson pleaded guilty to sixteen counts of wire fraud, nine counts of bank fraud, and two counts of engaging in unlawful monetary transactions.   Continue Reading…

Cecil Sylvester Chester, 68, accountant, Mitchellville, Maryland; Michael Gerard Camphor, 59, real estate agent, Baltimore, Maryland; and Christopher Andy Kwegan, 58, real estate agent, Randallstown, Maryland were indicted by a federal grand jury on charges arising from the fraudulent purchase of seven properties in Baltimore, Maryland, using fraudulent loan documentation and straw purchasers, resulting in losses of over $1.7 million. Continue Reading…