Jesse C. Litvak, 38, New York, was indicted by a federal grand jury sitting in New Haven, Connecticut, on 16 counts of securities fraud, Troubled Asset Relief Program (TARP) fraud, and making false statements to the federal government.
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Finlock Financial Group, LLC, is the subject of an order to immediately cease and desist from conducting unlicensed activities as a mortgage broker and lender without first obtaining a license or registering under the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA).
Harriet M. Taylor, 57, Ellicott City, Maryland, was sentenced by U.S. District Judge William D. Quarles, Jr. to two years in prison followed by five years of supervised release for wire fraud in connection with a scheme to use over $1.5 million in mortgage closing funds for her personal use and to operate her title companies.
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Douglas E. Brandewie, Port Huron, Michigan, a bank president, will pay $185,000 and was permanently barred from the banking industry as a result of his felony conviction for making false statements to the Federal Deposit Insurance Corporation (FDIC).
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Piotr Gabriel Reysner, 37, Sacramento, California, was disbarred June 16, 2012, for advising a client that she could sue the credit union that held the mortgage on her ranch and that doing so would lead to a loan modification, among other things.
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