Ezri Namvar, 59, Brentwood, California, a prominent Los Angeles businessman, was named in a five-count indictment returned by a grand jury on charges of stealing approximately $23 million from five clients who allowed his “qualified intermediary” company to hold their money in a safekeeping before it was reinvested in real estate. A second defendant, Hamid Tabatabai, 62, Agoura
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Barclays Capital Real Estate dba HomEq Servicing, headquartered in New York City, New York, was sued by Ohio Attorney General Richard Cordray last December 2009 for multiple alleged violations of Ohio’s Consumer Sales Practices Act (CSPA), including unfair and deceptive business practices. The just took a legal step forward with a recent decision by a state court. Montgomery County Common Pleas Judge Timothy N. O’Connell overruled
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Nicole Song (a/k/a Paris Samantha Song), 32, most recently of Las Vegas, Nevada, was sentenced to seven years in prison and ordered to pay $1,645,789.23 in restitution for her fraud and identity theft scheme.
Song pleaded guilty to charges of wire fraud, bank fraud, and aggravated identity theft. According to the plea agreement, Continue Reading...
Joseph E. Ventura, a former loan officer who is now head of an independent power seller in Connecticut, was fined $100,000 by the Connecticut state Banking Commissioner Howard F. Pitkin more than two years ago for submitting false information on a loan application when he worked as a loan officer. The state was unable to recover the fine at the time because Ventura‘s only
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Attorney General Terry Goddard has been awarded a $1.7 million grant from the U.S. Office of Justice Programs to fight mortgage fraud in Arizona.
The grant will be utilized to create a new six-person unit devoted exclusively to investigating and prosecuting mortgage-related crimes.
This new unit will operate as part of the Criminal Division of the Attorney General’s Office and will be operational within the next 90 days. The Office of Justice Programs is a part of the U.S.
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Jane Soulliere, 44, New London, Connecticut, pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy to commit mail fraud and wire fraud stemming from a mortgage fraud scheme based in southeastern Connecticut.
According to court documents and statements made in court, Soulliere was a member of a mortgage fraud
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Doninador Palalay a.k.a. Dominador Palalay has pled guilty to Theft-Obtaining Money in Excess of $2500 by Material Misrepresentation, a category B felony, for his role in operating a foreclosure rescue scam in Las Vegas, Nevada, during 2008 and 2009 under the business name of PDM Financial Group, Inc.
On August 30, 2010, Continue Reading...
Michael Hellickson, a real estate agent allegedly doing business in Washington, Oregan and Hawaii, has had his Washington real estate license suspended by Washington’s Department of Licensing (DOL), according to a Statement of Charges filed earliar this month. Tara Hellickson, a real estate broker,
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Darryl Stanley Paxton, Jr., a/k/a David Sosa, 34, Broward County, Florida, formerly of Maryland, on charges of wire fraud, money laundering, and fraudulent use of a Social Security number in connection with a scheme to defraud lenders of over $1.8 million, using a false identity. The indictment was returned on July 14, 2010 and unsealed upon the arrest of the defendant in Broward County, Florida, on state charges there.
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Robert Policastro, 57, most recently of Vienna, Austria, was sentenced to five years and three months in federal prison for conspiracy to commit mail and wire fraud (mortgage fraud). The court also entered a money judgment in the amount of $9,082,394.20, the proceeds of the mortgage fraud conspiracy. Policastro had pleaded guilty on May 17, 2010.
According to court
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