Joshua Brown, 31, New Hampshire, has been sentenced to four years in jail for leading a mortgage scheme that defrauded more than a dozen financial lending institutions and several homebuyers of more than $2 million in connection with the purchase of 26 multi-family properties in the Boston, Massachusetts area.
Continue Reading...Archives For Mortgage Fraud
Andrew Hamilton Williams, Jr., 60, Hollywood, Florida, was convicted by a federal jury of wire fraud and conspiracy to commit money laundering in connection with his participation in a massive fraud scheme which promised to pay off homeowners’ mortgages, but left them to fend for themselves.
Continue Reading...
David Kinney, 52, New Haven, Connecticut, a licensed attorney, pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy and one count of making a false statement for his role in a mortgage fraud conspiracy.
Continue Reading...
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...
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...