Allen Seymour, 42, Oxford, Massachusetts, was arraigned in Worcester Superior Court for his role in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in numerous real estate transactions involving distressed properties in the Worcester County, Massachusetts area.
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John Hemphill, 40, Chicago, Illinois, was convicted of federal charges for posing as a federal government official in a scheme to sell properties he did not own out from underneath the real owners. The defendant was found guilty of mail fraud and false impersonation of a federal official following a week-long trial in U.S. District Court.
According to the evidence at trial, since 2008,
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Following concerted efforts to prevent unnecessary foreclosures, the Washington Attorney General’s Office and a group of other state attorneys general and banking regulators say they’ve seen improvements in programs designed to help homeowners. But they’re concerned that foreclosures continue to outpace loan modifications, and note that most modifications increase the loan balance.
According to a report issued by the State Foreclosure Prevention Working Group, a multi-state
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Apply 2 Save, a bankrupt Coeur d’Alene, Idaho, mortgage modification company that allegedly defrauded hundreds of consumers nationwide is prohibited from ever operating a similar business in Idaho. Derek Oberholtzer, owner of Apply 2 Save, entered a settlement agreement that prevents Continue Reading...
Jonathan Bolar, 48, New Orleans, Louisiana, was sentenced to 17 years (204 months) in federal court by U. S. District Judge Lance M. Africk for extortion, wire fraud, structuring and tax violations. The jury convicted Bolar of 2 counts of wire fraud stemming from two incidents in which Bolar purported to sell a
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Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges were unsealed with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on August 11, 2010, but they had remained sealed. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants
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Ronald Snyder, 71, Fisherville, Kentucky, was sentenced to 8 months imprisonment followed by 3 years of Supervised Release. The defendant was also ordered to pay restitution in the amount of $15,000 and a $5,000 fine. There is no parole in the federal judicial system. Snyder previously pleaded guilty to a felony Information on May 17, 2010. The Information charged him one
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John Fisher, 35, Jupiter, Florida, pled guilty in federal court to one count of conspiracy to commit mail and wire fraud and to one count of substantive mail fraud. Also pleading guilty were defendants Tracey Balli, 35, Pembroke Pines, Florida, Justina Bryan, 35, Hollywood, Florida, and Continue Reading...
W.R. Starkey Mortgage, L.L.P., Plano, Texas, a mortgage lender, will pay $4.5 million for its role in a scheme to sign consumers to loans they couldn’t afford on overpriced modular and manufactured homes.
Starkey provided home loans for North Carolina consumers who bought homes from Phoenix Housing Group, Inc.
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Laura S. Lassiter, 53, Pataskala, Ohio, was sentenced to 24 months imprisonment for preparing fraudulent loan documents as part of a mortgage fraud scheme that she was involved with between November 2005 and May 2007. In addition, Lassiter was ordered to serves five years of supervised release following her term of imprisonment, as well as to pay $1,160,301.27 in restitution
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