Tag: fraud
Department of Justice Announces Results of Distressed Homeowner Initiative
LOS ANGELES, CA - October 10, 2012 - (RealEstateRama) -- Today, Attorney General Eric Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, FBI Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon L...
Two More Convicted of Mortgage Fraud
PENSACOLA, FL - September 10, 2012 - (RealEstateRama) -- In February, Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that nine defendants had been federally indicted for their involvement in several multi-jurisd...
Federal Prosecutors Charge Atlanta Woman with Mortgage Fraud
BIRMINGHAM - September 5, 2012 - (RealEstateRama) -- Federal prosecutors on Friday charged an Atlanta woman with mortgage fraud for providing false financial information for several home buyers that resulted in fraudulently obtained mortgages totaling ...
Three Co-Conspirators Found Guilty of Implementing Mortgage Fraud Scheme
DENVER - September 3, 2012 - (RealEstateRama) -- Michael Jacoby age 44, of Castle Rock, Colorado; Derek Zar, age 30, of Commerce City, Colorado; and Susanne Zar, age 58, of Frederick, Colorado, were found guilty yesterday (August 30, 2012) by a jury fo...
Title Company Attorney Convicted in Multi-Million-Dollar Mortgage Fraud Scheme
HOUSTON - August 31, 2012 - (RealEstateRama) -- Lisa Carol Ross, 50, of Missouri City, Texas, has pleaded guilty today to conspiracy to commit wire fraud, United States Attorney Kenneth Magidson announced today, along with FBI Special Agent in Charge S...
Two Loan Officers Sentenced in Manhattan Federal Court for Participating in a $9 Million...
New York, NY - August 23, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, announced today that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court f...
Prison Time for Mortgage Fraud Appraiser Who Stonewalled Federal Investigators
CHARLESTON, WV - August 23, 2012 - (RealEstateRama) -- A former West Virginia licensed real estate appraiser was sentenced today to one year and six months in federal prison for aiding and abetting wire fraud, announced United States Attorney Booth Goo...
Mortgage Loan Officers Plead Guilty in $1.8 Million Mortgage Fraud
MINNEAPOLIS - August 15, 2012 - (RealEstateRama) -- Yesterday in federal court, two mortgage loan officers pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves,...
Chico Business Partners Sentenced to Jail for Mortgage Fraud
SACRAMENTO, CA - August 13, 2012 - (RealEstateRama) -- Two Chico business partners were sentenced today to prison for a mortgage fraud scheme they operated in 2006-2007, United States Attorney Benjamin B. Wagner announced.
Governor Quinn Signs Housing Bills to Support People with Disabilities and Protect Homeowners from...
CHICAGO, IL - August 6, 2012 - (RealEstateRama) -- Governor Pat Quinn today signed two new housing laws to provide people with disabilities with more access to affordable rental housing, and to further protect homeowners from mortgage fraud. The suppor...
Alabama Real Estate Investor Pleads Guilty to Conspiracies to Rig Bids and Commit Mail...
WASHINGTON, DC - July 25, 2012 - (RealEstateRama) -- An Alabama real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of J...
Inver Grove Heights Man Indicted in Mortgage Fraud Scam
MINNEAPOLIS - July 16, 2012 - (RealEstateRama) -- A federal indictment recently unsealed charges an Inver Grove Heights man in connection with soliciting buyers to purchase properties at inflated prices in a multi-million-dollar mortgage fraud scheme. ...
Utah Man Pleads Guilty to Charges Connected to Multi-Million-Dollar Mortgage Fraud Scheme
CHARLESTON, WV - July 13, 2012 - (RealEstateRama) -- U.S. Attorney Booth Goodwin announced today that a Utah man pleaded guilty in federal court for his involvement in a multi-million-dollar mortgage fraud scheme linked to properties at a Putnam County...
Anaheim Hills Man Sentenced to 144 Months of Imprisonment for Wire Fraud Conspiracy and...
RIVERSIDE, CA - July 10, 2012 - (RealEstateRama) -- Today, Gregory Flores, former manager at All Fund Mortgage in Anaheim Hills, was sentenced to 144 months’ imprisonment and three years of supervised release. U.S. District Judge J. Virginia Phillips...
Wisconsin Man Charged with Racketeering, Embezzlement, Fraud and Tax Crimes in Million-Dollar Mortgage Fraud...
MADISON - July 10, 2012 - (RealEstateRama) -- Attorney General J.B. Van Hollen and Marathon County District Attorney Kenneth J. Heimerman announced the filing of a complaint today, charging Jay Fischer with racketeering, embezzlement, fraud, and tax cr...
Brookwood Man Sentenced to 18 Months in Prison for Mortgage Fraud Scheme
BIRMINGHAM - July 5, 2012 - (RealEstateRama) -- A federal judge today sentenced a Brookwood man to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham area, announced U.S. Attorney Joyce ...
Combating Financial Fraud by Educating Homeowners
WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) -- Combating financial fraud is one of the top priorities of the Department of Justice under the leadership of Attorney General Eric Holder. Two and a half years ago, President Obama created the Finan...
Mortgage Fraud Summits Arm Distressed Homeowners with Information to Protect Them from Scams
WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) -- The Department of Justice, the Department of Housing and Urban Development’s (HUD) Office of Inspector General and the Federal Housing Finance Agency’s Office of Inspector General, among other ...
California, Nevada, Florida Top Mortgage Fraud SAR List Criminals Continuing Debt Elimination and Foreclosure...
VIENNA, VA - June 26, 2012 - (RealEstateRama) -- The Financial Crimes Enforcement Network today released its First Quarter 2012 Update of mortgage loan fraud suspicious activity reports (MLF SARs) that shows California, Nevada, and Florida leading the ...
Mortgage Fraud Grand Jury Bill Passes out of Assembly Public Safety Committee
SACRAMENTO - June 20, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the Assembly Public Safety Committee passed an important piece of the California Homeowner Bill of Rights that aims to protect California homeowners from...
A.G. Schneiderman Introduces Legislation To Protect New Yorkers From Foreclosure Fraud
ALBANY, NY - June 14, 2012 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced the introduction of his bill in the state Legislature that would protect New Yorkers from fraudulent business practices like "robosigning" in the for...
Savage Man Sentenced for Participating in $13 Million Mortgage Fraud Scheme
MINNEAPOLIS, MN - April 3, 2012 - (RealEstateRama) -- Earlier today in federal court, a 37-year-old Savage man was sentenced for participating in a $13 million mortgage fraud scheme that involved no fewer than 25 properties in Prior Lake, Savage, and M...
Madison Couple Pleads Guilty to Wire Fraud and Money Laundering in Real Estate Investment...
JACKSON, MS - April 3, 2012 - (RealEstateRama) -- Demetrius Mathis, 49, and Jacqueline Mathis, 45, husband and wife from Madison, each pled guilty in federal court on Thursday, March 29, 2012 to charges relating to a real estate investment scheme, U.S....
Former Monterey Businessman Sentenced to 97 Months for Real Estate Investment Fraud
SAN JOSE, CA - April 3, 2012 - (RealEstateRama) -- David A. Nilsen was sentenced today to 97 months in prison and ordered to pay $69,828,833 in restitution following his conviction for conspiracy to commit mail and wire fraud in connection with his ope...
Register Today for MBA’s 2012 National Fraud Issues Conference
WASHINGTON, D.C. - March 15, 2012 - (RealEstateRama) -- MBA's National Fraud Issues Conference 2012 is the one forum each year where industry professionals can learn about the issues related to the growing incidence and complexity of mortgage fraud. He...
Operators of Mortgage Loan Modification Business Plead Guilty to Conspiracy to Commit Fraud
SAN DIEGO, CA - February 15, 2012 - (RealEstateRama) -- Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a fraudulent mortgage loan modification business pled guilty today in federal court in Sa...
Two Defendants Indicted for Home Equity Loan Fraud
SACRAMENTO, CA - January 30, 2012 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned an indictment yesterday charging two defendants with mail fraud and money laundering in connection with a mor...
Holland Real Estate Worker Sentenced for Bank Fraud
GRAND RAPIDS, MI - January 11, 2012 - (RealEstateRama) -- U.S. Attorney Donald A. Davis announced today that Janice Kay Branderhorst of Holland, Michigan was sentenced by U.S. District Judge Robert Holmes Bell to 13 months in prison for bank fraud. The...
National Loan Scam Prevention Database Surpasses Critical Milestone
WASHINGTON, D.C - January 6, 2012 - (RealEstateRama) -- The Loan Modification Scam Prevention Network (LMSPN) recently reached a critical milestone in the national effort to stop foreclosure rescue scams. Through the efforts of homeowners, housing coun...
Lender Representative Pleads Guilty to Mortgage Fraud
NEWPORT NEWS, VA - December 16, 2011 - (RealEstateRama) -- Victoria L. Allen, 57, of Chesapeake, Va., pleaded guilty yesterday to a charge of conspiracy to commit mail and wire fraud, stemming from a mortgage fraud orchestrated by Allen and several oth...
