Jay Fischer was found guilty by Marathon County, Wisconsin, Judge Gregory Huber of a million dollar mortgage fraud scheme wherein he failed to pay off prior mortgages, resulting in dual active mortgages on homes.
Archives For Escrow Fraud
Harold L. Gruber, 60, an attorney, and his law firm, Harold L. Gruber, P.C., Brooklyn, New York, have entered into a settlement to resolve allegations of submitting at least nine fraudulent filings to the Attorney General’s Real Estate Finance Bureau and breaching his fiduciary duties as an escrow agent.
Steve Kessedjian, 51, Los Angeles, California, was sentenced by U.S. District Judge Lawrence J. O’Neill to 21 months in prison for stealing refinance funds intended to pay off debts, which forced the borrowers into bankruptcy…
Stephen Richard Colson, 48, Biloxi, Mississippi, pled guilty in federal court on March 19, 2014, to falsifying, concealing, and covering up material facts in connection with a scheme to defraud two banks and the Bankruptcy Court in violation of Title 18 Section 1001.
Anthony E. Aguilar, and Brenda K. Wyatt, both of Norman, Oklahoma, were indicted on charges of conspiracy to commit bank fraud and making a false statement to a financial institution.
Nathan Levner, 54, Oceanside, New York, has been charged with stealing $10,000 from a couple he was representing in the purchase of a new home.
Yvonne DeBenedetto, 46, Bay Shore, New York, an attorney, has been sentenced to two to six years in prison after she pleaded guilty to stealing more than $573,000 from clients who hired her to represent them in real estate deals.
Michael Krause has been indicted on charges of wire fraud and conspiracy for his alleged role in misappropriating and failing to pay off a prior mortgage with the funds from a new loan.
Steve Kessedjian, 50, Los Angeles, California, pleaded guilty to mail fraud in connection with his scheme to defraud client escrow funds.
Kathleen Niew, 57, Burr Ridge, Illinois, an attorney who operated Niew Legal Partners LLC and whose law license was suspended in May 2013, was arrested on federal fraud charges for allegedly misappropriating approximately $2.34 million from a husband and wife who were her clients.