Jason Sheppard, 31, Pittsburgh, Pennsylvania, president of TruClose Financial Services, has been sentenced to 55 months in prison for failing to pay off prior mortgages at closing.
Continue Reading...Archives For Escrow Fraud
Collette Snyder, 42, Timonium, Maryland, was sentenced to one year and one day in prison, followed by one year of supervised release, for stealing closing funds from Maple Leaf Title.
Continue Reading...James Kevin Hughes, 53, Crownsville, Maryland, was sentenced by U.S. District Judge William N. Nickerson to 18 months in prison followed by three years of supervised release for wire fraud arising from a scheme to defraud lenders and a title insurance company of approximately $3.1 million.
Continue Reading...Gary Pierce, 44, Edgewater, Maryland, was sentenced to six years in prison, followed by three years of supervised release, for conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients’ closings on 17 Maryland properties.
Continue Reading...Brett Depue, 38, Gilbert, Arizona, following a seven-day jury trial, was convicted of conspiracy and wire fraud charges for his involvement in a mortgage fraud scheme involving straw buyers and false mortgage loan applications.
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Continue Reading...Steve Zaven Kessedjian, 48, Los Angeles, California, was arrested after a federal grand jury returned an indictment charging him with mail fraud for a mortgage fraud scheme. Kessedjian was arrested by U.S. Secret Service agents and appeared before a U.S. magistrate judge in Los Angeles, California.
Continue Reading...Donna Sherman, 34, Middleburg Heights, Ohio, president and owner of her title company, has been found by a jury of a pattern of corrupt activity for fraudulently closing home loans. Her title company, Sherman Title Agency, Inc. was convicted of the same crimes.
Continue Reading...Gary Pierce, 44, Edgewater, Maryland, pleaded guilty to conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients’ closings on 17 Maryland properties.
Continue Reading...Stephen J. Troese, Sr., 72, Davidsonville, Maryland, pleaded guilty to wire fraud arising from a scheme to defraud lenders and a title insurance company of at least $937,183.
Continue Reading...Brenda Lukenich, 60, Hughesville, Maryland, pleaded guilty to mail fraud arising from a scheme to defraud lenders and a title insurance company of $1.7 million. Two co-defendants are scheduled for trial on November 7, 2011.
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