Ed Veronick Mortgage Loans, Inc., and its corporate officers and employees, were sued in a civil action for conspiracy and illegal business practices between June 2004 and June 2007 to obtain an unfair advantage over competitors and earn illegal profits out of commissions on loans brokered by unlicensed persons. A civil judgment has been obtained against Ed Veronick Mortgage Loans,
Continue Reading...Archives For November 30, 1999
The Federal Bureau of Investigation’s New York Office is warning the public to remain on the lookout for scams involving real estate and rental properties. Two largely reported scams, which operate through Internet advertising, are being reported by individuals who have fallen victim to such malicious behavior.
The first type of scam occurs when an individual advertises a rental property and is contacted by someone claiming to be interested. A rental price is agreed-upon and the victim
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Marvin Earl “Toby” Alback, 62, Billings, Montana, was arraigned and pled guilty to wire fraud and bankruptcy fraud. A sentencing date will be set later. He is currently released on special conditions.
In an Offer of Proof filed by Assistant U.S. Attorney Ryan M. Archer, the government stated it would have proved at trial the following:
Alback is an attorney in
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Jason Eric Fischer, 38, Hudson, Wisconsin, a lawyer, pleaded guilty to mortgage fraud by stealing more than $3 million from the escrow account at the real estate title and settlement company he jointly owned. Fischer pleaded guilty to one count of mail fraud and one count of money laundering in connection to his crime. Fischer
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In an effort to restore credibility to the moribund residential mortgage securitization market, the American Securitization Forum is issuing new guidelines for new issues that put more risk on lenders and investment firms that package loans into securities.
Federal indictments handed down this month accusing former Bend-based developers of operating two real estate schemes document a history of alleged mortgage fraud that, if proven, could land the company’s executives in prison for decades.
This week, those of us involved in the fight against mortgage fraud lost a good friend and a fierce ally.
Cheryl Howe, a true pioneer in the fields of mortgage fraud and mortgage quality control, lost her long fight with cancer. She passed away peacefully on November 25, 2009, surrounded by her family.
Cheryl was a force to be reckoned with .. a mentor to so many of us .. and a treasured friend .. She will be sorely missed ..
Services will be held
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William Arthur Sassman II, 41, Sacramento, California, who “looted” the life savings of dozens of investors to bankroll his lavish lifestyle and prop up a multi-million dollar real estate and business Ponzi scheme, has been arrested.
Sassman was arrested at his residence on a total of 100 counts: 43 counts of grand theft, 40 counts of misrepresentation or omission in
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Benjamin Serrano, 47, formerly of Parker, Colorado, the former director of sales for a Colorado real estate company that built luxury homes throughout the state agreed in court papers to plead guilty to a federal conspiracy charge, admitting that he and other company officials participated in a $16 million “builder bailout” scheme in which buyers of $1 million-plus homes were paid kickbacks if they purchased homes from the
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The State Bar of California has taken action against 5 more lawyers under investigation for loan modification misconduct, bringing to 14 the number of attorneys who have resigned or been placed on involuntary inactive enrollment since creation of the bar’s Loan Modification Task Force in April 2009.
Timothy Thurman [Bar #216048], 37, Altadena, California, resigned on November 2, 2009, with charges pending following
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