SAN DIEGO (CN) – A San Diego loan officer was sentenced Monday to 2½ years in federal prison for a mortgage fraud conspiracy that netted him and a cohort $1 million. Simon Saeid Koli, 41, pleaded guilty in…
Continue Reading...Douglas E. Brandewie, Port Huron, Michigan, a bank president, will pay $185,000 and was permanently barred from the banking industry as a result of his felony conviction for making false statements to the Federal Deposit Insurance Corporation (FDIC).
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Joann Smith, and her boyfriend, Wayne Betha, Ewing, New Jersey, who ran a real estate firm, were sentenced for stealing from home sellers by diverting proceeds from home sales, and also defrauding mortgage companies by falsifying the earnings of loan applicants.
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(Source: FBI) – Jonas Rogers, 54, of Detroit, Michigan, was sentenced yesterday to 78 months in prison for his role in a mortgage fraud and identity theft scheme, announced United States Attorney…
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A Westwood woman is facing prison after admitting her role in a scheme to fraudulently obtain mortgage and home equity loans through the brokerage firm of Ronald J. O’Malley, the imprisoned former chairman of…
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Mortgage Introducer Cases of mortgage fraud are expected to surge next year as more people attempt to misrepresent their finances or hide adverse credit histories. Information services company Experian predicts…
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According to the federal indictment, Whitten was doing business under the name Leadership to Homeownership. Whitten allegedly engaged in a mortgage fraud scheme from early to mid-2007 through February 23, 2009…
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Frederick “Freddie” Grippo, 32, Old Bridge, N.J., admitted his part in a phony foreclosure rescue scheme that was part of a $4.4 million mortgage fraud.
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(Source: FBI) – A North Royalton loan officer was sentenced to more than two years in prison for a mortgage-fraud scheme that resulted in a loss of more than $1 million, said Steven M. Dettelbach, United States…
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DALLAS, Dec. 3, 2012 — /PRNewswire/ — The Mortgage Fraud Index was lower, reflecting falling caseloads. But the dollar amount has climbed more than a quarter over the past year. California and New York traded…
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