ACI’s Residential Mortgage Litigation and Regulatory Enforcement Conference

Rachel Dollar —  August 27, 2015 — Leave a comment

ACI’s 18th Residential Mortgage Litigation & Regulatory Enforcement conference will be held on September 17-18, 2015 in Dallas, Texas.

I am co-chairing the conference, along with Andrew Stutzman, and I will be speaking on a panel entitled:

Mortgage Servicing Challenges: Fallout from the Servicing Rules, Issues Arising from Mortgage Servicing Transfers, Litigation and Enforcement Concerns, Servicer Liability Under the FDCPA and the FCRA, Determining and Implementing Best Practices, Defending Against Class Actions and New and Innovative Borrower Claims, and More

My co-panelists are Jon Hubbard, Michelle Canter and Kara Czanik.

The agenda can be viewed here:  http://americanconference.com/content/download-content/pdf/marketing/804L16_S.pdf

If you are interested in attending, you can contact Lisa Laratro at 212-352-3220 ex. 5522 or l.laratro@americanconference.com  If you tell Lisa that you were referred by Rachel Dollar, you will receive a discount on the conference rate.  In order to receive the discount, you need to call Lisa by tomorrow and let her know you will be attending.

If you would like more information on the conference and agenda, click the following link:

http://americanconference.com/content/download-content/pdf/marketing/804L16_S.pdf

 

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Guilty Plea in Distressed Real Estate Investment Scheme

Rachel Dollar —  August 26, 2015 — Leave a comment

William Donnelly Yotty, 69, who currently resides in Monarch Beach, California but during the course of the scheme lived in Lodi, California, pleaded guilty to the federal mail fraud and wire fraud charges for operating a Ponzi scheme that featured false promises of large returns to victims who invested in debt obligations and distressed real estate.

In a plea agreement filed in United States District Court, Yotty admitted that he ran several Lodi-based companies that offered bogus investments in corporate debt obligations and in distressed real estate that he and his salespeople said could be “flipped” for substantial profit. Continue Reading…

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Buyer Incentives Result in Guilty Plea

Rachel Dollar —  August 25, 2015 — 1 Comment

Ayman Shahid, 39, Danville, California, pleaded guilty in federal court in Oakland, California to conspiracy to commit bank fraud.  Shahid is the most recent and highest placed individual charged by the Northern District of California U.S. Attorney’s Office as a result of a wide-ranging investigation by the FBI into mortgage fraud in connection with the sale of homes by Discovery Sales, Inc. (DSI), and its affiliates.

Shahid, was the president of DSI, which was the sales arm of affiliated residential construction companies, including Discovery Home Builders and Albert D. Seeno Construction Co.  According to Shahid’s plea agreement, DSI was created to sell new homes built by Discovery Builders, Inc. (“DBI”), Albert D. Seeno Construction Co., Inc. (“AD Seeno”), and other entities affiliated with Albert Seeno III and the Seeno family.  The homes were built in developments throughout the East Bay Area of California, including in Contra Costa and Alameda Counties. Continue Reading…

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Cemetery-scam lawyer disbarred | SILive.com

Rachel Dollar —  August 24, 2015 — Leave a comment

Timothy G. Griffin, the lawyer accused of embezzling nearly $2 million from United Hebrew Cemetery, has been disbarred.

Source: Cemetery-scam lawyer disbarred | SILive.com

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Former Wilmington Trust president pleads not guilty to federal fraud and conspiracy charges

Former Wilmington Trust president Robert Harra Jr. was ordered released on bail Thursday after pleading not guilty to fraud and conspiracy charges stemming from an ongoing federal investigation into the collapse of the century-old financial institution.

Harra, 66, said little during his initial court appearance, only acknowledging that he understood the charges and maximum penalties he faces as outlined to him by U.S. Magistrate Judge Christopher Burke.

 Posted by Rachel Dollar  onAugust 21, 2015 In Mortgage Fraud on the web
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Real Estate Fraud: Victims of Ignacio Beato Fraud Seek Help

Dozens of residents in Hazleton are seeking for help after being scammed by a real estate agent who was at the same time their community leader. They all bought their houses from Ignacio Beato, who turned out to be selling homes with fraudulent deeds.

The Greater Hazleton Real Estate Association says there are about 50 complaints against Beato, a licensed real estate agent.

 Posted by Rachel Dollar  onAugust 21, 2015 In Mortgage Fraud on the web
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Sharrock denied shortened prison sentence

A federal judge has rejected David R. Sharrock’s request to overturn or shorten his 135-month sentence for mortgage fraud, concealment of property and fraudulent transfer in a bankruptcy.

U.S. District Court Judge Donald C. Nugent issued a ruling saying he believes testimony given during a July 28 hearing in Cleveland where Sharrock’s attorney, James McDonnell, told the court the 73-year-old inmate never asked him to file an appeal after he plea no contest in September 2013.

 Posted by Rachel Dollar  onAugust 21, 2015 In Mortgage Fraud on the web ,
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sovereign citizen

Mortgage Fraud Conspiracy Ringleader Pleads Guilty

Rachel Dollar —  August 20, 2015 — Leave a comment

Rosita Vilchez, 39, a fugitive in Lima, Peru, until she was extradited to the United States in June 2015, pled guilty to leading a wide-ranging mortgage fraud conspiracy that targeted hundreds of victims in the northern Virginia Hispanic community. The mortgage fraud scheme, which operated between August 2005 and August 2007, generated nearly $7.4 million in fraudulent proceeds and caused losses of more than $15 million to lenders, most of which were federally insured. Continue Reading…

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Petaluma man drops bid to avoid paying debt in mortgage fraud case

 Posted by Rachel Dollar  onAugust 20, 2015 In Mortgage Fraud ,
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Trial delayed for former land developer accused in investment scheme

Defense attorneys for a former local real estate developer were granted a continuance Wednesday in Solano County Superior Court over a scheduling conflict.

Attorneys in the case of Richard D. Lamphere were ordered back to court Sept. 1 when a new trial date will be selected. A trial could possibly be set for March 2016, according to courtroom discussions.

 Posted by Rachel Dollar  onAugust 20, 2015 In Mortgage Fraud on the web
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