Tag: Mortgage Fraud

PORTLAND, OR - July 13, 2011 - (RealEstateRama) -- Two members of an alleged drug trafficking organization were arraigned today on money laundering and marijuana trafficking charges involving the abuse of the Oregon Medical Marijuana Program (OMMP), U....

BOISE, ID - July 13, 2011 - (RealEstateRama) -- Melody C. Redondo, 33, of Meridian, Idaho, was sentenced today to 15 months in prison followed by five years of supervised release for making a false statement to a financial institution, U.S. Attorney We...

PORTLAND, OR - June 14, 2011 - (RealEstateRama) -- Jennifer Venable, 29, of Beaverton, Oregon, was sentenced by the Honorable Robert E. Jones of the United States District Court on June 8, 2011, to 5 years’ probation and ordered to pay $15,000 in res...

Phoenix, AZ - March 26, 2010 - (RealEstateRama) -- Arizona Attorney General Terry Goddard and U.S. Attorney General Eric Holder today pledged a broad and intensified fight to prevent, prosecute and punish mortgage fraud in Arizona, aided by an additional $1.7 million in federal funding

WASHINGTON, DC - March 26, 2010 - (RealEstateRama) -- Representatives of the Financial Fraud Enforcement Task Force, including Attorney General Eric Holder, met in Phoenix today for the second of a series of Mortgage Fraud Summits. The task force, established by President Barack Obama in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes, is comprised of representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement

Phoenix, AZ - March 24, 2010 - (RealEstateRama) -- Attorney General Terry Goddard said today he will join U.S. Attorney General Eric Holder and other members of the recently formed Financial Fraud Enforcement Task Force at a Mortgage Fraud Summit meeting Thursday in Phoenix

PHOENIX, AZ - March 16, 2010 - (RealEstateRama) -- Mario G. Bernadel, 51, a citizen of Haiti, was sentenced today to nearly 17 years in prison for his conviction on multiple counts for leading a mortgage fraud scheme in Phoenix that cost banks over $9 million.

HUNTSVILLE, AL - February 25, 2010 - (RealEstateRama) -- A 56-year-old Rainbow City woman pleaded guilty Wednesday in federal court to charges of bank and mortgage fraud that totaled more than $500,000, U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley announced.

TALLAHASSEE, FL - February 3, 2010 - (RealEstateRama) -- Attorney General Bill McCollum and Office of Financial Regulation Commissioner J. Thomas Cardwell today announced that a Seminole County man was sentenced to six years in prison after pleading guilty to a criminal racketeering scheme that involved mortgage fraud in home purchasing. Upon his release from prison, Stanford Morgan, president and owner of Homes for Sale by Owner, Inc., must also pay full restitution, including $200,000 to an investing couple in one transaction and compensation to the lending institutions he defrauded in other transactions. Morgan was prosecuted by the Attorney General’s Office of Statewide Prosecution.

December 18, 2009 - (RealEstateRama) -- Robert D. Grant, Special Agent-in-Charge of the Chicago office of the Federal Bureau of Investigation (FBI) and Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, announced today the filing of criminal charges against four west suburban men in connection with a mortgage fraud scheme.

WASHINGTON, D.C. - December 10, 2009 - (RealEstateRama) -- U.S. Senator Barbara A. Mikulski (D-Md.), Chairwoman of the Commerce, Justice, Science and Related Agencies (CJS) Appropriations Subcommittee, today announced a critical step forward in putting funds in the federal checkbook to track down and prosecute perpetrators of mortgage fraud. The funds are included in the CJS Appropriations Bill, which was approved by a House-Senate Conference Committee as part of Congress’ Fiscal Year 2010 Consolidated Appropriations Bill.

December 10, 2009 - (RealEstateRama) -- A federal indictment was unsealed today against a Minnesota pair for allegedly orchestrating a mortgage fraud scheme in which they stole more than $2.5 million from lenders nationally by obtaining fraudulent loans for the purchase of 35 homes in the Twin Cities. The indictment charges Zack Zafer Dyab, 45, of Golden Valley, and Julia Alexander Rozhansky, 45, of Minnetonka, with one count of conspiracy to commit wire fraud, six counts of mortgage fraud through use of interstate wires, and one count of engaging in a monetary transaction involving criminally derived property.

KANSAS CITY, MO - December 3, 2009 - (RealEstateRama) -- Matt J. Whitworth, United States Attorney for the Western District of Missouri, announced today that seven Kansas City, Mo., residents have been indicted by a federal grand jury for their roles in a mortgage fraud scheme that involved the purchase of a $605,000 house in Parkville, Mo

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 serving his sentence.

LANSING, MI - November 16, 2009 - (RealEstateRama) -- Attorney General Mike Cox today announced the sentencing of two west Michigan loan officers convicted of operating a widespread mortgage fraud ring, duping members of the Grand Rapids Hispanic community into purchasing distressed properties at inflated prices, falsifying records and pocketing thousands of dollars. The targeted buyers often spoke or wrote little English and had a limited understanding of the mortgage process.

JACKSONVILLE, FL—United States Attorney A. Brian Albritton announces that U.S. District Judge Henry Lee Adams, Jr., today sentenced Juan Carlos Gonzalez (age 51, of Jacksonville) to seven years in federal prison for conspiring to commit wire and bank fraud. The court also entered a money judgment against Gonzalez for $6,296,303.65, the amount that Gonzalez obtained from the fraud. Gonzalez had pleaded guilty on November 25, 2008

INDIANAPOLIS, IN - October 1, 2009 - (RealEstateRama) -- Jerry J. Jaquess, Indianapolis, age 67, was sentenced to 30 months in prison late yesterday by Chief Judge David F. Hamilton for his participation in a large mortgage fraud scheme in the Indianapolis area, announced Timothy M. Morrison, United States Attorney for the Southern District of Indiana.

Guarantee Leverages Newly Patented Pattern-Recognition Technology That Identifies Twice the Level of Fraud Verses Alternative Solutions. SANTA ANA, CA - October 1, 2009 - (RealEstateRama) -- First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America’s largest provider of advanced property and ownership information, analytics and services, today announced its 2X mortgage fraud guarantee. This first-of-its-kind guarantee assures current and prospective clients that they will identify twice the level of potential fraud using First American CoreLogic’s fraud detection technology than when using technology from any other fraud solutions vendor, or the trial period will be free.

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 mortgage fraud scheme that resulted in the granting of two fraudulent home equity loans totaling approximately $1 million

SACRAMENTO, CA - September 22, 2009 - (RealEstateRama) -- United States Attorney Lawrence G. Brown announced today that a criminal complaint was filed this morning charging IRENE SOTIRIADIS, 23, and HELEN SOTIRIADIS, 49, both of Manteca, with conducting a mortgage fraud scheme from March 2006 through November 2007 that caused losses to lenders estimated at approximately $5 million. Arrest warrants were issued Sunday afternoon by United States Magistrate Judge Gregory G. Hollows after a special agent of the FBI received information that the two suspects may have been intending to flee to Greece.

Washington, D.C. - September 17, 2009 - (RealEstateRama) -- Arizona Attorney General Terry Goddard met this morning with Treasury Secretary Tim Geithner, U.S. Attorney General Eric Holder, other senior Obama Administration officials and 11 other state Attorneys General to coordinate proactive strategies and strengthen efforts to fight consumer fraud in the housing markets

JACKSON, MS - September 11, 2009 - (RealEstateRama) -- United States Attorney Stan Harris, Federal Bureau of Investigation Acting Special Agent in Charge Stephen F. Gomez, Federal Deposit Insurance Corporation - Office of Inspector General Special Agent in Charge Thomas C. McDade, and Madison/Rankin County District Attorney Michael Guest announced today that a federal grand jury has returned a six count indictment against Earline Y. Rawls in connection with a fraudulent mortgage loan scheme. The indictment charges Rawls with one count of conspiracy to commit bank fraud and six counts of bank fraud.