Timothy Reed, 45, Beltsville, Maryland, was sentenced to 51 months in prison followed by five years of supervised release for mail fraud arising from the fraudulent purchase of 25 properties in Maryland, the District of Columbia and Continue Reading...
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John L. Chaffo, Jr., 50, Murrysville, Pennsylvania has been found guilty of two counts of Wire Fraud Conspiracy and nine counts of Wire Fraud in connection with a mortgage fraud scheme.
As previously reported on Mortgage Fraud Blog and the evidence presented at trial established that Continue Reading...
Eric Koppelman, 49, Hauppauge, New York, a former title closer, was sentenced to four years in prison for his role in a scheme to steal over $6 million in proceeds of home mortgage loans. The stolen funds were intended to be used to pay off existing mortgages on the properties.
As previously Continue Reading...
Donna Larson, 52, Marshfield, Massachusetts has been indicted in connection with allegedly trying to delay or avoid foreclosure of a home mortgage by falsely reporting the death of a child to her mortgage company, and thereafter knowingly falsifying information in an affidavit filed in Brockton, Massachusetts Superior Court.
In September 2008, the Attorney General’s Office began an investigation after Continue Reading...
Operation Stolen Dreams, which targeted mortgage fraudsters in the Eastern District of Texas and throughout the country is the largest collective enforcement effort ever brought to bear in confronting mortgage fraud.
George M. Baehr, Jr., 35, Dallas, Texas pleaded guilty to an Information on June 16, 2010, charging him with mail fraud. Baehr entered his plea before U.S.
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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
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A warning has been issued to homeowners about an alarming rise in short sale fraud across California in a field “rife with scam artists”.
A short sale is an arrangement in which a homeowner sells his or her home for less than the outstanding mortgage, with the consent of the lender.
Attorney General Edmund G. Brown Jr. joined the California Department of Real Estate and the State Bar of California in
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The two cases involving mortgage fraud in Ventura, California, name a total of 14 defendants, all of whom face potential sentences of hundreds of years in prison if they are convicted in the schemes that cumulatively helped unqualified and straw borrowers obtain tens of millions of dollars in fraudulent mortgage loans.
Peter Morris, a California licensed real estate broker, and other professionals working at Continue Reading...
A federal indictment in the Western District of North Carolina has charged ten individuals with various criminal counts including mortgage fraud conspiracy and bank bribery conspiracy has been unsealed upon the arrests of most of the defendants.
Drew Sharreff-El, A/K/A “Mack Ahizi”, 46, Charlotte, North Carolina, has been charged with one count alleging mortgage fraud
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Fifty-six individuals in the Northern District of California are facing mortgage fraud related charges as a result of Operation Stolen Dreams.
Nearly $44 million in losses were inflicted by the mortgage fraud schemes employed by the alleged fraudsters in the Northern District of California. Seven individuals in the District have pled guilty to mortgage fraud related crimes during the take-down that began on March 1. Two individuals have been sentenced.
The charges were announced
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