“He trusted people his wife dealt with,” Conners said. “I think you’ll find him not guilty on all counts.” The Internal Revenue Service and the FBI investigated the Kistner case as part of a mortgage-fraud task
Continue Reading...Scott M. Wickersham, a loan officer and real estate agent, has been charged with conspiracy to commit mail fraud, wire fraud and bank fraud for his role in a mortgage fraud scheme. The defendant pleaded guilty on January 11, 2013.
Scott L. Lemons and Kevin V. Robinson were indicted on January 3, 2013, for their roles in an alleged scheme to defraud mortgage lenders concerning the sale of condominiums in Myrtle Beach, South Carolina.
Continue Reading...
Franklin Thad Harris, 57, and Merlin D. Unruh, 51, both of Grand Junction, Colorado, were arrested in Grand Junction for a bank fraud scheme.
The Maryland Mortgage Fraud Task Force was established to unify the agencies that regulate and investigate mortgage fraud and promote the early detection, identification, prevention, and prosecution of mortgage…
Continue Reading...
A Summerville real estate agent has pleaded guilty for his part in a $45 million mortgage fraud conspiracy and tax crimes, Live 5 News reported. Scott M. Wickershame, 33, was accused of conspiracy to committ…
Continue Reading...
A federal grand jury has indicted six defendants for conspiracy in a $4.5 million mortgage fraud scheme whereby the defendants allegedly failed to pay off pre-existing lien holders, funneling the money instead to themselves.
Continue Reading...
Billy Frank Davis, aka Bill F. Davis, 68, Houston, Texas, a former attorney, has been sentenced to 10 years in federal prison for perpetrating a decade-long real estate investment fraud scheme that victimized more than 20 investors of approximately $7.8 million.
It was alleged Adams and co-conspirators committed mortgage fraud between February and June 2006 by using straw buyers to buy nine properties ranging from $530,000 to $1.3 million in Tucson, Nogales and Vail.
Continue Reading...
Five people have been arrested by Federal authorities for their alleged involvement in a builder bailout real estate scheme that fraudulently purchased more than 100 condominium units around the country with mortgages that mostly went into default, resulting in foreclosures and millions of dollars in losses.
Continue Reading...