CBS Local According to the indictment and evidence presented at trial, Kellow used his experience as a mortgage loan officer to commit mortgage fraud and profit. The government argued that on four occasions, he…
Continue Reading...Timothy Ricks, 45, East Orange, New Jersey, a former property manager, admitted to conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
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DALLAS (AP) – Prosecutors say a North Texas woman who held seminars on how to commit mortgage fraud must serve more than five years in prison and repay $2.8 million. A federal judge in Dallas on Thursday…
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Brandon Shepherd, owner of Freedom Financial, the CORE Foundation, and the Sberna Foundation, pleaded guilty to two counts of theft. An employee of Shepherd, Garland Ward, pleaded guilty to a charge of attempted theft. Laura Habre George and Jeff Sadler, both appraisers, also pleaded guilty to their roles in the scam.
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Brent Edward Lovett, 50, Henderson, Nevada, following a six-day jury trial, was convicted of bank fraud for making false statements to a federally insured credit union to obtain a $7.5 million commercial real estate loan.
OAKLAND — A Hayward woman will spend the next 18 months in prison after pleading guilty to mortgage fraud and tax evasion, prosecutors said Tuesday. Cynthia Suratos Lorica, 51, entered the guilty pleas on…
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Cape May County Herald (press release)CAMDEN A former property manager admitted to conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that use…
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Joel Blanford, 44, San Ramon, California, was sentenced by U.S. District Judge William B. Shubb to 30 months in prison, to be followed by three years of supervised release, for a mortgage fraud scheme.
CAMDEN, NJ A former property manager admitted today to conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and “straw
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There’s a daisy chain of people and firms involved in any real estate deal — and each link provides an opportunity for someone to lie for profit. It’s called mortgage fraud, and while you might be inclined to…
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