Javier Siveroni, 48, Springfield, Va., was sentenced to 24 months in prison, followed by two years of supervised release, for using his position as a loan officer to help carry out a multi-million-dollar mortgage fraud scheme involving more than 15 homes in the Northern Virginia area.
Continue Reading...Archives For November 30, 1999
The Financial Crimes Enforcement Network (FinCEN) proposed regulations that would require government-sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Home Loan Banks to develop anti-money laundering (AML) programs and file suspicious activity reports (SARs) with FinCEN.
Continue Reading...
Thirteen individuals, including an alleged member and an associate of the Lucchese organized crime family, are charged with racketeering and related offenses for fraud including making false statements in a loan application to secure a fraudulent mortgage.
Continue Reading...
Talal Ashek, 42, Holland, Arizona, was sentenced to two years in federal prison by U.S. District Judge Neil V. Wake and ordered to pay over $2.9 million in restitution for his role in a mortgage fraud conspiracy.
Continue Reading...
Gary Pierce, 44, Edgewater, Maryland, pleaded guilty to conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients’ closings on 17 Maryland properties.
Continue Reading...
Sean DeCelle, 44, Wyantskill, New York, a foreclosure service provider, was sentenced by United States Magistrate Judge David R. Homer for stealing items from a foreclosed home.
Continue Reading...
Charles Sammon, 35, West Pittston, Pennsylvania, formerly a practicing attorney in Boston, Massachusetts, was charged with 13 counts of wire fraud, one count of mail fraud and one count of money laundering, all in connection with a mortgage fraud scheme which took place in 2006 and 2007.
Continue Reading...
Andrew H. Williams and his co-defendants targeted homeowners and home buyers to pay at least $50,000 in exchange for a promise to pay off the homeowner’s mortgage within 5 to 7 years – trial begins on November 1, 2011.
Continue Reading...
Homeowners needing assistance are reminded to avoid companies selling “foreclosure rescue,” “securitization audits” and other home loan modification schemes.
Continue Reading...
Guadalupe Valencia, 47, West Covina, California, who admitted running a real estate Ponzi scheme that took in approximately $6.9 million from more than 150 victims has been sentenced to 108 months in federal prison.
Continue Reading...