Barrington Coombs, 58, Weston, Florida, was sentenced to serve a year and a day in prison for his role in a foreclosure rescue scheme that victimized desperate homeowners on the brink of losing their homes.
Continue Reading...Unlike mortgage fraud schemes that involve one loan, Long is charged with using fraudulent information to have lenders provide two loans for the same property — one when it was initially purchased by one of …
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A Summerville, S.C., man charged with masterminding a $45 million mortgage fraud plans to formally change his plea later this month. District Judge Sol Blatt in Charleston scheduled a hearing for Dec. 13 in the…
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Alonzo Jackson Brown III, 45, Fairfield, California, was sentenced to five years and three months in prison for two different schemes to defraud that collectively resulted in losses of more than $2 million.
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Robert Rinehart, 49, Santa Cruz, California, was indicted by a federal grand jury and charged with eight counts of wire fraud.
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Many mortgage professionals are, unfortunately, becoming more familiar with the old adage “What you don’t know can hurt you,” especially when it comes to undisclosed liabilities that occur during the loan…
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Sergio Gutierrez, 49, San Francisco, California, was sentenced to twelve years in federal prison after a jury convicted him of running a scheme in which he defrauded victims by telling them to stop paying their mortgages.
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Jill Reding, Tonya Ruf, and Katherine J. Frisk, three former employees of now defunct Pierce Commercial Bank, were sentenced to prison terms for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank.
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Thomas Joseph O’Meara, III, 66, Palm Desert, California, a real estate developer, was sentenced to 78 months in prison for wire fraud and money laundering arising out of a real estate investment fraud scheme in which he defrauded more than 50 victims of more than $16 million.
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Three former employees of now defunct Pierce Commercial Bank were sentenced to prison terms today for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank, announced…
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