• /
    • Archives /
  • November 30, 1999

Archives For November 30, 1999

Robert Walker Sentenced to 33 Months for Modification Fraud

Rachel Dollar —  July 23, 2015 — Leave a comment

Robert Walker, 44, North Royalton, Ohio, was sentenced to 33 months in prison.  He previously pleading guilty to five counts of fraud.  Walker operated of a loan modification fraud scheme and defrauded over 90 struggling homeowners out of $286,000.

According to court documents, Walker convinced homeowners on the verge of foreclosure to pay Walker an up-front fee of at least $1,995.  Walker did little or no work to get a loan modification for customers. He promised that 80 percent of the fee would be reimbursed if he didn’t get them a modification. But Walker never intended to reimburse the fees.  When he failed to obtain a loan modification, he refused the promised reimbursement. Continue Reading…

In Mortgage Fraud
 permalink
 Posted by Rachel Dollar  onJuly 22, 2015 In Mortgage Fraud
 permalink Leave a comment

Illinois Business Owner and Son Plead Guilty in Commercial Fraud

Rachel Dollar —  July 22, 2015 — Leave a comment

Bruce Swisshelm, 68, Battlefield, Missouri, and his son, Bruce Swisshelm II, 43, Springfield, Missouri pleaded guilty in two separate but related cases, to their roles in a more than $5.5 million bank fraud scheme.  Swisshelm pleaded guilty to bank fraud and money laundering. Swisshelm II pleaded guilty to misprision of a felony. Continue Reading…

In Mortgage Fraud ,
 permalink

Massachusetts Mortgage Broker Convicted of Bank Fraud

Rachel Dollar —  July 22, 2015 — Leave a comment

Michael P. O’Donnell, 53, mortgage broker, Middleton, Massachusetts was convicted of one count of bank fraud after a three-day bench trial before the Honorable Douglas P. Woodlock, United States District Judge.  Judge Woodlock scheduled sentencing for October 20, 2015. Continue Reading…

In Mortgage Fraud , , ,
 permalink

I apologize to the United States and to all of my family

Julio Cesar Concepcion, prior to being sentenced to 7 years in federal prison and ordered to pay over $5 Million in restitution

 Posted by Rachel Dollar  onJuly 22, 2015 In Mortgage Fraud
 permalink Leave a comment

27 Months for Loan Officer Mortgage Fraud

Rachel Dollar —  July 21, 2015 — 1 Comment

Brenda Ann Blair, 37, loan officer, Bonita Springs, Florida, formerly of Goochland County, Virginia, was sentenced to 27 months in prison, followed by five years of supervised release for participating in a fraud scheme that obtained approximately $2.4 million worth of mortgage backed loans from federally backed financial institutions. Continue Reading…

In Mortgage Fraud , , ,
 permalink

TARP impersonator sentenced

Rachel Dollar —  July 21, 2015 — Leave a comment

Xue Heu, 38, Modesto, California, was sentenced to five years and three months in prison, to be followed by three years of supervised release and ordered to pay $1,166,366 in restitution, for investment fraud schemes in Fresno, California and Texas. Continue Reading…

In Mortgage Fraud , ,
 permalink

Fake Remodeling Expenses Net Loan Office 14 Months

Rachel Dollar —  July 20, 2015 — Leave a comment

Joseph Brogan, St. Louis, Missouri, was sentenced to 14 months in prison and ordered to pay more than $350,000 in restitution after pleading guilty to multiple fraud charges related to a scheme involving applications for home loans.

According to court documents, Brogan was employed as a loan officer for USA Mortgage, Inc. where he handled both conventional mortgages and FHA loans.  Michael Wallis owned and operated a company known as Missouri Builders and Home Remodeling (Missouri Builders), which performed interior construction and remodeling work on houses.  Continue Reading…

In Mortgage Fraud , , , ,
 permalink

Three Charged in Short Sale Investment Scheme

Rachel Dollar —  July 17, 2015 — Leave a comment

Jerome Whittington, 65, La Quinta, California; Patricia Torres Zavala, 42, Benicia, California; and, Kathleen Moore, 68, Olympia, Washington have been charged by a federal grand jury for their roles in a variety of fraudulent schemes, including one involving short sales, that victimized at least 20 investors and caused losses of more than $2 million.

The three defendants were charged in a superseding indictment filed on July 8, 2015. The 24-count indictment alleges that they lied to investors in a series of schemes, and then used investor money for personal expenses rather than investing the funds as promised.

Whittington is also charged in a separate case with posing as a former federal prosecutor in a case involving a former DEA agent.  Continue Reading…

In Mortgage Fraud , ,
 permalink

Final Sentence in Massive Foreclosure Rescue Scheme

Rachel Dollar —  July 17, 2015 — Leave a comment

Tamara Tikal, 45, Rio Vista, California was sentenced to three years and nine months in prison for her conviction for conspiring to commit mail fraud in relation to a foreclosure rescue scheme. Tamara Tikal was also ordered to pay $3,671,000 in restitution to victims of the offense by United States District Judge Troy L. Nunley.

Tamara Tikal’s husband Alan Tikal was convicted following a bench trial and sentenced to 24 years in prison. Tamara Tikal pleaded guilty to the conspiracy in August 2014, as did co-defendant Ray Kornfeld, who was sentenced to five years in prison.  Continue Reading…

In Mortgage Fraud ,
 permalink