The following individuals were arraigned:
Gayle Tracy, 50, Batavia, Illinois, faces 12 charges: 3 counts each of Conspiracy to Commit a Financial Crime and Financial Institution Fraud; 2 counts each of Organizer of a Continuing Financial Crimes Enterprise and Theft by Deception; and 1 count each of Continuing Financial Crimes Enterprise and Money Laundering.
Brent
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Home Credit Law Center, an unlicensed mortgage loan modification company, its President, attorney Brian R. Linnekens, and an employee, Derek Thomas, are the subject of a Temporary Cease and Desist Order issued by the Washington State Department of Financial Institutions. The Department ordered the Respondents, all of Los
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Mirasol Salazar, 35, a seven-year clerical employee for the Town of Cicero, Illinois, was charged with altering her pay stubs and W-2 forms to inflate her income from $30,000 to over $52,000 in order to qualify for a loan on a Berwyn, Illinois home. The house fell into foreclosure when the defendant failed to make mortgage payments. The defendant was indicted on charges of Financial Institution Fraud, Theft, Theft by
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Desiree Brown, 45, Hernando, Florida, the former treasurer and the former president of Taylor, Bean & Whitaker (TBW) were sentenced today to 72 months in prison and 30 months in prison, respectively, for their roles in a more than $2.9 billion fraud scheme that contributed to the failures of Continue Reading...
Kramer & Kaslow, a California law firm, is the subject of a consumer alert concerning alleged unlicensed loan modification services for Washington state residents. Many Washington consumers reported receiving misleading advertisements. The Department of Financial Institutions conducted an investigation of the source of the advertising materials, and ascertained that they are neither from the consumer’s lender or any branch
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James Merrill Roberts, Cedar Hills, Utah, pleaded guilty to counts 3 and 8 of an indictment charging him with a scheme to identify residential properties, recruited straw buyers, and, through false statements on loan applications, falsely inflated the apparent value of the properties to induce lenders to grant loans for amounts in excess of their fair market value.
As
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Ronald D. Fisher, 56, Utah County, Utah, pleaded guilty in federal court to making false statements to a financial institution, wire fraud, interstate transportation of persons in execution of fraud, in connection with a scheme to defraud banks and private lenders.
Fisher acknowledged that the purpose of his scheme was to get the lenders to loan him money based on false
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Twelve people were indicted on 25 counts for allegedly engaging in an elaborate mortgage fraud scheme involving Paragon Federal Credit Union, Montvale, NJ. The individuals arrested include:
Jermaine Butler, 31 Jersey City, NJ,
Flavio Cardoza, 38, North Bergen, NJ,
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Thomas Gallagher, 68, West Haven, Connecticut, was sentenced on June 7, 2011, by Chief United States District Judge Alvin W. Thompson in Hartford, Connecticut, to 60 months of imprisonment, followed by three years of supervised release, for his participation in an extensive mortgage fraud conspiracy that defrauded lenders of approximately $4 million.
According to court documents, statements made in court and the
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Cheddi Goberdhan, 57, Elmont, New York, a real estate attorney, was sentenced in Manhattan federal court to five years in prison for his role in a massive mortgage fraud scheme involving loans totaling $23 million on over 44 properties in the New York area. Goberdhan received millions of dollars in illicit funds from the scheme, in which he worked closely with corrupt loan officers of
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