On December 29, 2010, defendant Michael Cassadei was sentenced to twenty-seven (27) months in prison, to be followed by three years’ supervised release, for his role as organizer of the mortgage fraud scheme…

Business Insider Millions of Americans are on the brink of foreclosure and crooks are using the opportunity to amp up their mortgage fraud business. This type of fraud is nothing new, but like all crimes…

A Tampa couple has pled guilty to criminal charges in a mortgage-fraud ring that took in nearly $9 million from troubled real estate stretching from Tampa to Orlando, the Florida Attorney General’s Office…

Brown and his cohorts worked to create inflated appraisals and fraudulent sales agreements that allowed them to collect tens of thousands of dollars in profits from each sale, officials said. They also worked…

A Utah man on Thursday in federal court pleaded guilty to mail fraud for his part in a multimillion-dollar mortgage fraud scheme, involving 20 Modesto properties, according to the US attorney’s office…

The majority of home and condominium sales along the Grand Strand for years have been fueled by mortgage fraud, according to an affidavit filed in federal court by admitted felon Kenneth Paul Holmes…

Wall Street Journal A middleman buys the property at the lower price, then turns around and resells the property to a legitimate buyer at a higher price—often on the same day—according to a…

Three Elk Grove men have pleaded guilty in a mortgage fraud scheme that resulted in more than $1 million in losses. Glenn Watkins, 31; Kevin Watkins, 26; and 41-year-old Frederick Davis pleaded guilty Thursday…

A federal jury has convicted Andrew Hamilton Williams, Jr., age 60, of Hollywood, Florida of fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection with a massive mortgage fraud…