Philadelphia Man Sentenced for Mortgage Fraud and Identity Theft
PHILADELPHIA, PA June 16, 2009 - (RealEstateRama) - Mahn Huu Doan, a/k/a "Bruce Doan", 40, of Philadelphia, was sentenced today to 151 months in prison for a massive mortgage fraud and identity theft scheme, announced United States Attorney Michael L. Levy. Doan, a self-described real estate investor, would purchase houses, using false or borrowed identities, using government insured loans which he secured using fraudulent information.Related posts:
- Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage Fraud and Ponzi Scheme
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages....
- Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme
PHILADELPHIA, PA - December 8, 2009 - (RealEstateRama) -- 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan. ...
- Missouri Man Sentenced to Over 11 Years in Major Mortgage Fraud Scheme
CAPE GIRARDEAU, MO - November 17, 2009 - (RealEstateRama) -- Russell Todd McBride, of Creve Coeur, was sentenced on a mortgage fraud scheme involving the sale of residential real estate located in Sikeston, MO, Acting United States Attorney Michael W. Reap announced today. After sentencing, the district court remanded McBride to the custody of the United States Marshals to commence...
- Miami Woman Sentenced in Connection with $1 Million Mortgage Fraud Scheme
September 24, 2009 - (RealEstateRama) -- Jeffrey H. Sloman, Acting United States Attorney for the Southern District of Florida, and Michael J. Folmar, Acting Special Agent in Charge, Federal Bureau of Investigation, announced today that defendant Adriana Cruz, 27, of Miami, was sentenced by United States District Judge Alan S. Gold on September 18, 2009, for her role in a...
- Cox Charges Man in Mortgage Fraud Scheme
LANSING, MI - August 10, 2009 - (RealEstateRama) -- Attorney General Mike Cox today announced that his office, with the assistance of the Michigan State Police, filed charges against former Lansing resident Jeffrey Barry for conducting a mortgage fraud scheme involving five fraudulent mortgages worth nearly a half-million dollars. Barry, of Houston, Texas, is charged with five counts of obtaining...
- St. Louis County Man Sentenced on Fraud Charges for Falsifying Mortgage Loan Application and Illegal Possession of Firearms
ST. LOUIS, MO - October 5, 2009 - (RealEstateRama) -- Milton H. Ohlsen III was sentenced to 30 months in prison on bank fraud charges after overstating his income on his home mortgage application, and in a separate case, sentenced to 30 months in prison on a firearms charge, Acting United States Attorney Michael W. Reap announced today. The sentences...
- Attorney General’s foreclosure rescue fraud and identity theft bills scheduled for public hearings tomorrow
OLYMPIA – Two bills requested by Attorney General Rob McKenna that would protect Washington residents from mortgage foreclosure scams and make it easier to prosecute identity theft cases are scheduled for public hearings on Friday, Jan. 25. ...
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Articles Category: Mortgage
- Mayor Bloomberg, Environmental Protection Commissioner Holloway Launch New Program to Relieve Water Debt and Help Prevent Mortgage Foreclosures
New York, NY - February 8, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg and Department of Environmental Protection Commissioner Cas Holloway today launched the Water Debt Assistance Program, a new initiative that will temporarily relieve homeowners at risk of foreclosure of past-due water and sewer debt.
- Marchant Unveils “Mortgage E-Verify Act”
Washington, D.C. - February 5, 2010 - (RealEstateRama) -- Congressman Kenny Marchant (TX-24) issued the following release today after unveiling his new bill, H.R. 4586 the Mortgage E-Verify Act.
- Governor Introduces Mortgage Fraud Legislation
ATLANTA, GA - February 5, 2010 - (RealEstateRama) -- Governor Sonny Perdue announced today that Senator Bill Cowsert, one of the Governor’s Senate Floor Leaders, has introduced mortgage fraud legislation that would grant the Georgia Bureau of Investigation (GBI) jurisdiction to initiate investigations on offenses related to mortgage fraud. The legislation would create a mortgage fraud unit by partnering GBI, the Department of Banking and Finance and local law enforcement to investigate mortgage fraud crimes.
- PSMI Opens New Office In Belton, TX
Roswell, NM - February 4, 2010 - (RealEstateRama) -- PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) announces the opening of a new office in Belton, TX near the Ft. Hood military base.
- OFIR Shuts Down Fake Detroit Mortgage Company
LANSING, MI - February 4, 2010 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) shut down an operation claiming to be a Detroit-based mortgage company called “Kenneth and Doyle Financial” by ordering it to cease and desist from doing business. OFIR believes that Kenneth, through its website, was posing as a legitimate mortgage company in an attempt to steal consumers’ money and identity. The fraudulent company was encouraging customers to apply for loans by providing personal information including social security and financial account numbers.
- Biden secures 21-count indictment in mortgage rescue fraud scheme
Wilmington, DE - February 4, 2010 - (RealEstateRama) -- Today, Attorney General Beau Biden announced that Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. Warrants have been issued for their arrest and racketeering liens have been placed on their assets. This represents what is believed to be one of the largest mortgage rescue fraud indictments in Delaware history. The indictment alleges that Jamaar Manlove ran a criminal enterprise involving theft, money laundering, and forgery in which he preyed on vulnerable homeowners who faced imminent foreclosure. In these scams, struggling homeowners sell their homes to third parties to avoid foreclosure based on the false promise that they can repurchase their homes through a complex sale/lease-back arrangement when their financial situations improve. In reality, this never happens.
- Harlem Condominium Development 2280 FDB Approved for FHA-Backed Loans
New York, NY - February 4, 2010 - (RealEstateRama) -- Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, today announced that 2280 Frederick Douglass Boulevard has been approved by the Federal Housing Administration’s mortgage program. The 12-story new construction condominium development in Harlem, will now allow qualified buyers to purchase a new home with a down payment between 5 and 10%.