Some examples of this fraud. A mortgage was made to look on paper like it was being taken out for a primary residence when it was really for an investment property. On paper, a buyer with two mortgages looked…
Continue Reading...The trial of two people accused of playing key roles in a notorious Southwest County mortgage fraud scam last decade has been interrupted because one of them, Helen Pedrino of Murrieta, was rushed to the…
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Douglas Wayne Bartle, III, also known as Ridgely Douglas Bartle and Douglas Wayne Bartle, Jr., 49, Winter Park, Florida, was sentenced by Senior U.S. District Judge G. Kendall Sharp to 20 months in federal prison for wire fraud in connection with the fraudulent operation of a title insurance company.
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Eric S. Scherz, 44, Stuart, Florida, formerly of Barkhamsted, Connecticut, was sentenced by United States District Judge Vanessa L. Bryant to 37 months of imprisonment, followed by three years of supervised release, for mortgage fraud offenses.
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According to court documents, Mr. Scherz secured a $417,000 mortgage loan in October 2007 to finance the purchase of property in Barkhamsted. In April 2008, he created a fraudulent release of mortgage on the…
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A former Barkhamsted resident was sentenced to more than three years in prison for mortgage fraud on Thursday. Eric Scherz, 44, was sentenced by a U.S. District Court Judge to 37 months in prison followed by…
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Two men, one of them from Le Sueur, have been been sentenced in federal court for mortgage fraud following a federal investigation and an April indictment. On Feb. 4, Chad Arthur Anderson, 39, of Le Sueur…
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Walter Bruce Harrell, 71, Montara, California, is charged with executing a scheme to defraud creditors who were attempting to lawfully foreclose on numerous properties by delaying and obstructing foreclosure sales through the improper use of the federal bankruptcy process.
Jamaul Roberts, 25, College Park, Maryland, Patricia Mantilla, 35, Lorton, Virginia, Melissa McWilliams, 35, Chantilly, Virginia, and Michael Brown, 41, Hyattsville, Maryland, pleaded guilty to conspiring to fraudulently taking over the titles of homes in Washington, D.C., without the real property owners’ knowledge, selling those homes, and keeping the profit.
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James A. Regas, 82, Oak Brook, Illinois, the former chairman of a west suburban bank was sentenced to a year and a day in federal prison for making false statements in regulatory documents regarding his undisclosed personal interest in loans that resulted in the bank losing more than $680,000.