John M. Rubischko, 37, Eagan, Minnesota, was sentenced in federal court on counts of wire fraud and aggravated identity theft in connection with a mortgage fraud scheme resulting in losses of more than $1 million. United States District Court Judge Donovan Frank sentenced Rubischko to 87 months in prison and five years supervised release on one count of wire fraud and one count of
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Mark Turkcan, 53, Kirkwood, Missouri, appeared before United States District Judge Donald J. Stohr and pled guilty to one felony count of misapplication of bank money by a bank officer. Specifically, Turkcan pled guilty to the misapplication of funds connected with his position at First Bank Mortgage, causing a loss of $35
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Edward Levinson, 49, Chesterfield, Missouri, was indicted by a federal grand jury on ten felony counts of bank fraud in connection with his construction business, resulting in more than $10 million in losses to banks and prospective home owners and subcontractors.
According to the Indictment, Edward A. Levinson was in
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Steven Gordon, 49, Miami, Florida, pled guilty to wire fraud charges related to a five-year scheme to inflate the value of mortgage loans to increase his commission compensation. Sentencing has been scheduled for April 23, 2009 at 9:00 a.m.
Prior to his dismissal in 2006, Gordon was a principal at Bayview Financial, LP, a Coral
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Isaac Yass, 42, a citizen of Israel who has been living in Los Angeles, California, was convicted by a federal jury, along with a codefendant, for running a scam in which homeowners who were behind on their mortgage payments paid them to hold off foreclosure by filing fraudulent bankruptcy petitions.
Yass was convicted on the following charges:
– One count of conspiracy to
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Godwin Asifo has been indicted in Alexandria, Virginia on 4 counts of mail fraud and 1 count of wire fraud for his alleged role in a mortgage fraud scheme. The indictment lists 4 properties that were granted mortgage leins based on false and fraudulent misrepresentations:
3091 Tecumseh Court, Woodbridge, Virginia
5712 Carribean Drive, Haymarket, Virginia
42451 Rockrose Square, Ashburn,
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Jeanetta M. Standefor, 40, Altadena, California, the promoter of an $18 million real estate investment scheme that targeted African-American individuals in Southern California and other states has been sentenced to 151 months in federal prison. In addition to the prison term, United States District Judge Percy Anderson ordered Standefor to pay $8,688,924.
Through her Pasadena-based
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Virginia Attorney General Bob McDonnell joined a nationwide settlement agreement with Countrywide Financial Corporation. The settlement will provide about $8.4 billion in home loan and foreclosure relief to as many as 397,000 homeowners across the country, including projected relief of $212.8 million for more than 8,900 homeowners in Virginia. Countrywide was acquired by Continue Reading...
A bill requested by Attorney General Rob McKenna that would protect Washington consumers is scheduled for public hearings. The bill seeks to protect Washington residents from mortgage foreclosure scams.
Last year the Legislature passed a law that governs transactions between purchasers and homeowners whose homes are in foreclosure or in danger of foreclosure. The proposed bill, requested by the Attorney General’s Office, Department of Licensing and Department of Financial
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A prominent lawyer accused of cheating hedge funds in a $380 million investment ruse argued to be freed on bail Thursday, saying in court documents he’s no risk to flee because his U.S. ties are strong and his foreign connections are weak.