real estate fraud: BANKER BRANCH MANAGER SENT TO PRISON FOR FRAUD - 11/16/11 11:16 PM
Arkansas Banker Sentenced to 15 Months in Prison for Fraud Conspiracy with Northport Farm Credit Manager
BIRMINGHAM—A federal judge today sentenced an Arkansas banker to 15 months in prison for conspiring with the branch manager of a Northport farm credit institution in a kickback scheme based on fraudulent loans, … (4 comments)
real estate fraud: FOUR INDICTED IN FORECLOSURE RESCUE SCHEME - 11/16/11 02:31 AM
4 Indicted in Foreclosure Rescue Scheme
Adam Moellers, 33; Gary Dailey, a.k.a Gary Klump, 32; Perry Bensick, Jr., 35; and Gary Dailey's mother, Mary Dailey, 50; all of Cincinnati, Ohio, were indicted by a federal grand jury for running a Cincinnati real estate business known as American Equity Group (AEG) and fraudulently obtaining more than $13 million … (2 comments)
real estate fraud: CLOSING ATTORNEY GUILTY OF BOGUS SETTLEMENT STATEMENTS - 11/16/11 02:23 AM
Closing Attorney Admits Falsifying Settlement Statements
David Kinney, 52, New Haven, Connecticut, a licensed attorney, pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy and one count of making a false statement.
According to court documents and statements made in court, in … (0 comments)
real estate fraud: LOAN MOD SCAMMER SUED FOR DEFRAUDING & TARGETING SPANISH SPEAKING CLIENTS - 11/16/11 02:16 AM
Loan Mod. Scammer Sued for Defrauding Spanish Speakers
Mortgage Capital USA, Inc. and its Chief Executive Officer, Gustavo R. Anaya, have been sued in Pima County Superior Court action for allegedly engaging in an Arizona loan modification scam primarily targeting Spanish-speaking residents. The complaint alleges Defendants use deceptive means to lure distressed homeowners who … (2 comments)
real estate fraud: FORECLOSURE RESCUE COMPANY SUED FOR MULTIPLE VIOLATIONS OF CONSUMER LAWS - 11/16/11 02:12 AM
Foreclosure Rescue Company Sued
The Modification Group LLC (TMG), a Cleveland business that offered to help homeowners avoid foreclosure in exchange for $1,995 or more has been sued for alleged violations. The lawsuit alleges multiple violations of Ohio consumer law, including failure to deliver.
The Ohio Attorney General’s Office currently has … (0 comments)
real estate fraud: MAN PLEADS GUILTY TO FLIPPING SCAM - 11/16/11 01:13 AM
Utah Man Admits Illegal Flipping Scam in West Virginia
Michael S. Hurd, 37, Salt Lake City, Utah, pleaded guilty in federal court before U.S. District Judge Thomas E. Johnston to charges connected to a multi-million-dollar mortgage fraud scheme involving properties at a Hurricane, W.Va., subdivision.
Specifically, Hurd pleaded guilty to conspiracy to commit … (4 comments)
real estate fraud: TWO MORE LOAN ORIGINATORS GET PRISON SENTENCES - 11/16/11 01:06 AM
2 Sentenced for Mortgage Fraud
Michael Lance Persac, 37, Canton, Ohio, was sentenced in federal court to serve 30 months in federal prison followed by three years of supervised release for mortgage fraud.
Persac, a mortgage loan originator, previously pled guilty to a wire fraud conspiracy as a result of his role … (2 comments)
real estate fraud: THREE PLEAD GUILTY TO FALSIFYING IDENTITIES TO OBTAIN CREDIT TO PURCHASE HOMES - 11/16/11 01:03 AM
3 Admit Falsifying Identities to Obtain Credit
Glenn Watkins, 31; Kevin Watkins, 26; and Frederick Davis, 41, all of Elk Grove, California, pleaded guilty today to mail fraud for a mortgage fraud scheme.
According to court documents, co-defendant Jake Weathers, 35, Elk Grove, California, orchestrated a scheme where the defendants changed their … (0 comments)
real estate fraud: TWO WILL SERVE TIME IN PRISON FOR MORTGAGE FRAUD - 11/16/11 12:56 AM
2 Sentenced to Prison for Mortgage Fraud Conspiracy
Derek Edward Sawyer and Rigoberto Monroy-Parra have each been sentenced (Sawyer, Monroy-Parra) to 18 months in prison for their roles in an Arizona mortgage fraud scheme.
Indicted on June 16, 2010, with nine other defendants, the case against the defendants involved a conspiracy to submit mortgage loan … (2 comments)
real estate fraud: TEN INDICTED FOR GEORGIA MORTGAGE FRAUD SCHEME - 11/16/11 12:51 AM
10 Indicted for Georgia Mortgage Fraud Scheme
10 individuals were charged by a Fulton County Grand Jury for their roles in perpetuating mortgage fraud in south Atlanta, Georgia.
Victor Shackleford is charged with fourteen counts of Residential Mortgage Fraud; Wayne Pettway is charged with twelve counts of Residential Mortgage Fraud; Cherri Dallas and … (3 comments)
real estate fraud: JURY CONVICTS FRAUDSTER OF MORTGAGE ELIMINATION SCAM - $78 MILLION INVOLVED - 11/16/11 12:47 AM
Jury Convicts Fraudster of Mortgage Elimination Scam
Andrew Hamilton Williams, Jr., 60, Hollywood, Florida, was convicted by a federal jury of wire fraud and conspiracy to commit money laundering in connection with his participation in a massive mortgage fraud scheme which promised to pay off homeowners' mortgages on their "Dream Homes," but left … (2 comments)
real estate fraud: Not a Real Estate Crime This Time - Identity Theft by Someone You'd Never Suspect - Worth the Read - 11/15/11 08:08 PM
Detective uses his access to law enforcement info and tries to get away with ID theft....."The Same Name Game"
Former Joplin Police Detective Pleads Guilty to Wire Fraud
KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a former detective with the Joplin, Mo., … (0 comments)
real estate fraud: FINAL DEFENDANT SENTENCED IN MORTGAGE FRAUD CASE - SUBMITTED FALSE LOAN DOCUMENTS - 11/15/11 07:48 PM
Final Defendant Sentenced in Mortgage Fraud Case Hewitt Prepared and Submitted False Loan Documents in Furtherance of Scheme
ALBANY, NY—Richard S. Hartunian, United States Attorney for the Northern District of New York; Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing and … (0 comments)
real estate fraud: LOAN OFFICER INDICTED FOR MORTGAGE FRAUD SCHEME - 11/15/11 07:41 PM
Tucson Loan Officer Indicted in Mortgage Fraud Scheme
TUCSON, AZ—A federal grand jury in Tucson returned an indictment against Juan Delgado of Tucson, Ariz., charging the defendant with four counts of wire fraud.
According to the indictment, Delgado received over $1 million in loans relating to the refinancing of … (2 comments)
real estate fraud: SEVEN CONSTRUCTION COMPANY EXECUTIVES & EMPLOYEES INDICTED FOR FRAUD - 11/14/11 06:47 PM
Seven Krahl Construction Executives and Employees and Two Others Indicted in Alleged Billing Fraud and Kickback Scheme
CHICAGO—The principal owner and six top executives and employees of a former general contractor, together with two former employees of client companies, were indicted for allegedly engaging in a fraudulent billing and … (0 comments)
real estate fraud: MAN PLEADS GUILTY TO CHARGES CONNECTED TO MULTI-MILLION DOLLAR MORTGAGE FRAUD - 11/11/11 11:27 AM
Utah Man Pleads Guilty in West Virginia to Charges Connected to Multi-Million-Dollar Mortgage Fraud Scheme
CHARLESTON, WV—A Utah man pleaded guilty today in federal court before U.S. District Judge Thomas E. Johnston to charges connected to a multi-million-dollar mortgage fraud scheme involving properties at a Hurricane, W.Va., subdivision. Michael … (0 comments)
real estate fraud: WOMAN PLEADS GUILTY TO FRAUD SCHEME TO CONTROL VEGAS HOA - 10th Person to Plead Guilty - 11/11/11 11:19 AM
Tenth Person Pleads Guilty in Scheme to Fraudulently Control Condominium Homeowners’ Associations in Las Vegas
WASHINGTON—A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOAs) in the Las Vegas area so that the HOAs would direct business … (0 comments)
real estate fraud: ATTORNEY ADMITS FRAUD - 11/10/11 06:41 PM
New Haven Attorney Admits Participating in New London County Mortgage Fraud Scheme
David B. Fein, United States Attorney for the District of Connecticut, announced that DAVID KINNEY, 52, a licensed attorney with offices located at 685 State Street in New Haven, pleaded guilty today before Senior United States District … (3 comments)
real estate fraud: REAL ESTATE EXECUTIVE PLEADS GUILTY TO MAKING ILLEGAL CAMPAIGN DONATIONS - 11/10/11 06:30 PM
Real Estate Executive Pleads Guilty to Making Illegal Campaign Donations
BOSTON—ARTHUR WINN, 72, of Brookline, a Boston-based real estate executive, today pleaded guilty to multiple violations of violating the Federal Election Campaign Act’s prohibitions on making campaign contributions in the names of strawmen or conduits.
WINN faces up to … (0 comments)
real estate fraud: FIVE YEARS IN PRISON FOR FRAUD - RESIDENTIAL LOTS & HOMEBUILDING COMPANY INVOLVED - $13 MILLION IN RESTITUTION ORDERED - 11/10/11 06:22 PM
Plano, Texas Man Sentenced to Five Years in Federal Prison and Ordered to Pay Nearly $13 Million in Restitution for Defrauding Investors
DALLAS—Michael Wallens, Jr., 31, of Plano, Texas, has been sentenced by U.S. District Judge Barbara M. G. Lynn to 60 months in federal prison and ordered to … (1 comments)
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