We have seen an epidemic of mortgage fraud cases emerge from the economic downturn and implosion of our housing and real estate market, and I commend our partners at the IRS and the FBI for bringing this…
Continue Reading...Arthur R. Seaborne, 69, Sarasota, Florida, pleaded guilty to conspiracy to commit bank fraud. Seaborne faces a maximum penalty of 5 years in federal prison.
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Raymond Paul Morris, 51, South Weber, Utah, was sentenced to four years and nine months in federal prison for his leadership role in a multimillion-dollar mortgage fraud scheme linked to properties in a Putnam County, West Virginia subdivision.
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Then, Seaborne and his co-conspirators prepared and submitted fraudulent mortgage loan applications to lenders for the clients that did not specify that the clients’ down payments had been loaned, the release…
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Five defendants, who each pleaded guilty to one count of conspiracy to commit wire fraud stemming from their participation in a mortgage fraud scheme that involved approximately $9 million in fraudulent loans, have been sentenced.
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Lynn Truong, aka Linh Thi Truong, 40, Clovis, California, was sentenced today to 21 months in prison for a conspiracy to defraud lenders while buying homes to use to grow marijuana.
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Ryan Zimmerman, previously of Culver City, California, Consumer Advocates Group Experts, LLC, and Advocates for Consumer Affairs Experts, LLC, are the subjects of a civil lawsuit for violations of Ohio’s consumer laws, including failure to deliver and failure to provide refunds for home loan modification assistance.
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Sandy P. Kim, 43, Ellicott City, Maryland, was sentenced by U.S. District Judge Ellen L. Hollander to two years in prison followed by three years of supervised release for wire fraud.
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Lisa Wright, 46, and Cathy Saffer, 52, Pompano Beach, Florida, were sentenced to serve 66 and 60 months respectively for defrauding homeowners and mortgage lenders as part of a foreclosure rescue scheme.
11 individuals were sentenced by U.S. District Judge Elizabeth A. Kovachevich for their participation in a large-scale, Sarasota, Florida-area mortgage fraud scheme.
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