Lilia Casal-Diaz, a real estate attorney, Andres Mendez, and his son, Andy Mendez, who both worked as real estate brokers, Josephine Santana, a mortgage broker, Jose Rafael Martinez and Basilio Gomez have been sentenced to terms of imprisonment for their participation a multi-million dollar mortgage fraud scheme.
Continue Reading...Inman.com A father and son who worked as real estate brokers are among a half-dozen defendants who have been sentenced to prison in recent weeks for their participation in a multi-million dollar mortgage fraud…
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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.
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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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