Archives For Washington

Jose L. Nino de Guzman, Jr., 30, Seattle, Washington, who marketed real estate investment opportunities in Peru, pleaded guilty in U.S. District Court to wire fraud and money laundering for his creation and operation of a classic Ponzi scheme.

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Robert Mikail, 40, and Ging-Hwang “Felicia” Tsoa, 58, both of Ashburn, Virginia, have been charged with conspiracy and bank fraud charges related to their alleged roles in a $20 million mortgage fraud scheme involving more than 35 homes.

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Shawn L. Portmann, a former senior vice president and loan officer at Pierce Commercial Bank, was sentenced in U.S. District Court in Tacoma to 10 years in prison and five years of supervised release for a mortgage fraud scheme that resulted in the collapse of the bank.

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Jeanette R. Salsi, Alice Lorraine Barneyand and Sonja Lightfoot, each of whom played important roles in a mortgage fraud scheme that crippled now defunct Pierce Commercial Bank were sentenced in U.S. District Court. All three of the women worked for years with scheme leader Shawn Portmann, whose fraudulent loans resulted in losses of more than $10 million.

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Jill Reding, Tonya Ruf, and Katherine J. Frisk, three former employees of now defunct Pierce Commercial Bank, were sentenced to prison terms for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank.

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Robert Strong, 48, Bothell, Washington, and Anthony Waldron, 49, Kirkland, Washington, were sentenced for engaging in a mortgage fraud scheme that collapsed with the real estate downturn.

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Shawn L. Portmann, 40, a former senior vice president and loan officer at Pierce Commercial Bank, pleaded guilty to a mortgage fraud scheme that resulted in the collapse of the bank, pleaded guilty to conspiracy to make false statements in loan applications and to make false statements to the Department of Housing and Urban Development.

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Home Credit Law Center is again at the center of a warning to homeowners looking to save their homes by engaging loan modification companies rather than using state or government agency hotlines, which provide the service for free.

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Jonathan Mendoza Martinez, 34, Bellevue, Washington, his sister, Jazmin Villalba Martinez, 30, Seattle, Washington, Celia Perez Morales, 35, Kirkland, Washington and Jorge Castrejon Pichardo, 41, Mountlake Terrace, Washington, have been arrested on a 21 count indictment charging them with conspiracy, bank fraud, wire fraud and mail fraud for a straw buyer mortgage fraud scheme.

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If history is any guide, scammers will surely try to take advantage of news of the largest consumer protection settlement in U.S. history.

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