Archives For August 2011

Michael Williams, 33, Jersey City, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a “straw buyer” to cause a lender to release more than $632,000 based on a fraudulent mortgage loan application

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Robert Stinson Jr., 56, Berwyn, Pennsylvania, pleaded guilty to charges contained in a 26-count indictment detailing a Ponzi scheme that defrauded more than 260 investors of more than $17 million.

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by New York RealEstateRama NEW YORK, NY – August 16, 2011 – (RealEstateRama) — This morning, Justice John M. Galasso of the Nassau County Supreme Court issued a sweeping order shutting down one of New Y

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ThirdAgeMortgage fraud is on the rise in a trend that is likely to continue as long as the housing market remains anemic, the FBI says. The FBI reported 3129 pending mortgage fraud investigations in 2010, up 12

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A Brooklyn Park man was found guilty on Friday of racketeering for his role in a $5.1 million mortgage fraud scheme that took place in 2006. Eric Devon Bernard—who legally changed his name to Eric Allen

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Walter Daniel Olmstead, 39, Tracy, California, a real estate investor, pleaded guilty in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.

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By Star-Advertiser staff The FBI’s Honolulu office said today it is trying to reach 47 Hawaii households it believes are among 87 victims of a Missouri-based mortgage relief scam that targeted Hawaii homeowners

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A Minneapolis mortgage broker pleaded guilty for his role in a $20 million mortgage fraud scheme and a Cincinnati real estate agent was indicted in an unrelated mortgage fraud, according to the US Attorney’s Of

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WBEZAnd there are a lot of authorities working on mortgage fraud – everyone from the FBI and the Department of Justice to the Illinois attorney general and the Cook County state’s attorney. Matthew Jannusch, an

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San Francisco ExaminerAccording to the FBI’s Mortgage Fraud Report, mortgage fraud persisted at “elevated levels” during 2010. And things are not likely to improve, says the bureau, as long as m

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