David Saks: Real Estate Swindler Report for April 29, 2014

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Real Estate Swindler Report for April 29, 2014



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real estate fraud: Couple Sentenced for Stealing Hundreds of Identities - 04/29/14 03:57 PM
Couple Sentenced for Stealing Hundreds of Identities to Claim More Than $600,000 in False Tax Refunds
ATLANTA—Justin Cody, and his wife, Aeshia Wilmore, have been sentenced for their roles in a fraudulent income tax refund scheme.
“Stealing identities of innocent people has become all too common,” said United States Attorney Sally Quillian Yates. “The sentence these two received makes it clear that we are committed to exposing and bringing to justice anyone who engages in this conduct.”
“IRS-Criminal Investigation will remain proactive in the investigation of individuals and groups who engage in stealing the identities of innocent people,” said Veronica … (0 comments)

real estate fraud: Sacramento Real Estate Agent Pleads Guilty to Mortgage Fraud Offenses - 04/29/14 03:53 PM
Sacramento Real Estate Professional Pleads Guilty to Mortgage Fraud Offenses
SACRAMENTO, CA—Licensed real estate agent Manuel Herrera, 34, of Sacramento, pleaded guilty today to conspiring to commit wire fraud in connection with a mortgage fraud scheme, United States Attorney Benjamin B. Wagner announced.
According to court documents, Herrera served as a loan officer and later a branch manager at Delta Homes and Lending Inc., a real estate and mortgage lending company. Between October 2004 and May 2007, Herrera and his co-defendants conspired to obtain home loans from mortgage lenders based upon false and fraudulent loan applications and supporting documents that … (0 comments)

real estate fraud: Notorious Conman-Turned-Pastor Barry Minkow Sentenced to Five Years - 04/29/14 03:44 PM
Notorious Conman-Turned-Pastor Barry Minkow Sentenced to Five Years in Prison for Bilking Congregation of More Than $3 Million
SAN DIEGO—Former San Diego Community Bible Church Pastor Barry Minkow, a prolific fraudster whose crimes and claimed rehabilitation landed him on “60 Minutes” and the cover of Fortune Magazine, was sentenced today to five years in prison for embezzling more than $3 million from his own parishioners and then concealing the funds from the Internal Revenue Service.
Minkow, who pleaded guilty in January, has admitted that he tricked a widower into making a $75,000 donation for a hospital in Sudan to honor … (0 comments)

real estate fraud: Real Estate Fraud Files for April 26, 2014 - 04/28/14 09:57 AM
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real estate fraud: Title Co Manager Nets Over 4 Years in Prison in $4.8M Fraud Scheme - 04/28/14 09:22 AM
Title Company Manager Sentenced to More Than Four Years in Prison in $4.8 Million Mortgage Fraud Scheme
Five Co-Conspirators Previously Pleaded Guilty BALTIMORE—U.S. District Judge James K. Bredar sentenced Bonnie Kathleen Kreamer, a/k/a Bonnie Meehan, age 49, of Riva, Maryland, on April 25, 2014, to 51 months in prison, followed by three years of supervised release, for conspiring to commit wire fraud in connection with a mortgage fraud scheme that resulted in losses of more than $4.8 million. Judge Bredar also ordered Kreamer to pay restitution of $2,499,048 to the victims and to forfeit $4.8 million.
The sentence was announced by … (0 comments)

real estate fraud: Here's Today's Real Estate Swindler Report for Saturday April 26, 2014 - 04/26/14 07:18 AM
Here's today's real estate swindler report for April 26, 2014.
Read and be disgusted.
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real estate fraud: Here's Your Daily Dose of Real Estate Fraud for April 25, 2014 - 04/25/14 08:39 AM
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real estate fraud: Former CIO of Construction Supply Company Nets 37 Months in Prison - 04/24/14 10:35 PM
Former Chief Investment Officer of Construction Supply Company Sentenced to 37 Months in Prison in Bank Fraud Scheme
BROOKLYN, NY—Rodney Watts, 42, the former chief investment officer of GDC Acquisitions LLC (GDC), was sentenced today in federal court in Brooklyn, New York, to 37 months in prison, to be followed by five years of supervised release. As part of the sentence, Watts was ordered to pay more than $15 million in restitution and $18 million in forfeiture. In May 2013, the defendant was convicted, following three weeks of trial, by a federal jury on charges of bank, mail, and wire … (2 comments)

real estate fraud: Memphis Pair Indicted - Half-Million-Dollar Mortgage & Id Fraud Scheme - 04/24/14 09:37 PM
Memphis Pair Indicted in Half-Million-Dollar Mortgage and Identity Fraud Scheme
MEMPHIS, TN—Marcus Payne, 44, of Memphis, Tennessee, and Booker Smith, 30, of Memphis, Tennessee, were indicted by a federal grand jury on April 16, 2014 on seven counts related to a mortgage fraud and identity theft scheme, announced U.S. Attorney Edward L. Stanton, III.
Payne and Smith were each charged with one count of conspiracy to commit mail, wire, and bank fraud; two counts of wire fraud; two counts of bank fraud; one count of mail fraud; and one count of aggravated identity theft.
According to the facts alleged in … (0 comments)

real estate fraud: Mortgage Fraud Blog for April 20-26 2014 - 04/24/14 07:15 AM
Mortgage Fraud Blog sends update emails once per week. You can change this setting to receive updates more or less often by following the link at the bottom of this email. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (2 comments)

real estate fraud: Your Daily Dose of Real Estate Fraud for April 24, 2014 - 04/24/14 07:08 AM
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real estate fraud: Architect Pleads Guilty in Conjunction with Bribery Scheme - 04/24/14 07:04 AM
Architect Pleads Guilty in Conjunction with Progreso Bribery Scheme
HOUSTON—Jesus Bustos, 58, has pleaded guilty to conspiracy, announced United States Attorney Kenneth Magidson.
Bustos was charged in a second superseding federal indictment alleging his participation in a bribe paying scheme in Progreso. Today in Houston federal court, Bustos admitted that from 2004 through 2013, he paid bribes and kickbacks to obtain architectural contracts for his architectural firm IDEA Group LLC on public projects in Progreso and Weslaco.
Bustos admitted he conspired with and primarily paid these bribes through an IDEA Group employee to obtain contracts on construction projects with the … (0 comments)

real estate fraud: Former Attorney Pleads Guilty to Bank Fraud, Money Laundering Charges - 04/24/14 07:01 AM
Former Grosse Pointe Attorney Pleads Guilty to Bank Fraud, Money Laundering Charges
A Grosse Pointe attorney pleaded guilty today to embezzling more than $2.7 million and laundering funds to conceal his conduct, U.S. Attorney Barbara L. McQuade announced today.
McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the Detroit FBI.
Kenneth Flaska, 62, pleaded guilty before U.S. District Judge Paul D. Borman.
The information presented at the plea hearing showed that between 2004 and July 2013, Flaska fraudulently obtained more than $2.5 million belonging to clients of his law firm. Flaska used a … (2 comments)

real estate fraud: Crooked Home Builder Guilty of Defrauding Investors of Over $22 Mil - 04/23/14 07:32 AM
Fraudster Home Builder Pleads Guilty to Defrauding Investors of More Than $22 Million and to Evading More Than $1.4 Million in Tax Payments
BALTIMORE, MD—Patrick J. Belzner, a/k/a “Patrick McCloskey,” age 45, of Glen Arm, Maryland, pleaded guilty late yesterday to a wire fraud conspiracy, wire fraud, and tax evasion.
The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal Bureau of Investigation; and Special Agent in Charge Thomas J. Kelly of the Internal Revenue Service-Criminal Investigation, Washington, D.C. Field Office.
“For over … (2 comments)

real estate fraud: Former Loan Officer Admits Role in Mortgage Fraud Scheme - 04/23/14 07:27 AM
Former Loan Officer Admits Role in Mortgage Fraud Scheme
NEWARK NJ—A Middlesex County, New Jersey man today admitted his role in a large-scale mortgage fraud scheme that caused millions of dollars in losses, U.S. Attorney Paul J. Fishman announced.
Delio Coutinho, 71, of Colonia, New Jersey, pleaded guilty before U.S. District Judge Susan D. Wigenton in Newark federal court to an information charging him with conspiracy to commit wire fraud.
According to documents filed in this case and statements made in court:
From March 2008 through June 2012, Coutinho and his co-defendants conspired with each other and others to release … (0 comments)

real estate fraud: Former GMAC & Countrywide LO & NY Corrections Officer Convicted - 04/22/14 08:02 AM
Jury Convicts Former GMAC and Countrywide Loan Officer and Former New York Corrections Officer on Mortgage Fraud Charges
NEW HAVEN, CT—A federal jury has convicted two men for their roles in an extensive mortgage fraud scheme arising from the fraudulent purchases of more than 40 properties in New Haven, U.S. Attorney Paul J. Fishman, District of New Jersey, announced today.
Andrew Constantinou, of Unionville, Connecticut, and Jacques Kelly, of Poughkeepsie, New York, were convicted on April 18, 2014, of all counts charged in the indictment following a three-week trial before Chief U.S. District Judge Janet C. Hall. The jury found … (2 comments)

real estate fraud: Ohio Woman Guilty of Stealing $150,000 in Federal HUD Funds - 04/22/14 07:55 AM
Ohio Woman Pleads Guilty to Stealing $150,000 in Federal HUD Funds
HUNTINGTON, WV—Connie Lynn Whitley, 51, of South Point, Ohio, pled guilty today to embezzling $150,000 from an apartment complex that received federal funds, announced U.S. Attorney Booth Goodwin. Whitley was the manager of the Uptowner Inn’s public housing apartments in Huntington, West Virginia. The apartments were subsidized by the United States Department for Housing and Urban Development (HUD). HUD provided federal funds to pay a portion of the market rent at the apartments for qualifying tenants. Beginning in the summer of 2009 and continuing until September 2013, Whitley wrote … (8 comments)

real estate fraud: Hard Money Lender Pleads Guilty in Mortgage Fraud Scheme - 04/22/14 07:51 AM
Former Pierce County Hard Money Lender Pleads Guilty in Mortgage Fraud Scheme
Submitted False Documents Defrauding Bank and Federal Insurers A former hard money lender who resides in University Place, Washington, pleaded guilty Friday to conspiracy to submit false statements in loan applications and make false statements to the Department of Housing and Urban Development and to submitting false statements in loan applications, announced U.S. Attorney Jenny A. Durkan. Emiel A. Kandi, 37, was indicted last June for a mortgage scheme that caused a loss of more than $800,000 to the U.S. Department of Housing and Urban Development. Prosecutors agree to … (2 comments)

real estate fraud: Real Estate Fraud for April 14-21 - 04/21/14 08:23 AM

real estate fraud: Riverdale Marina Real Estate Developer Arrested on Federal Charges - 04/21/14 08:20 AM
Riverdale Marina Redeveloper Arrested on Federal Charges for Allegedly Defrauding the Village of $370,000 in Public Funds
CHICAGO—A Chicago real estate developer was arrested today on federal charges alleging that he defrauded the south suburban Village of Riverdale of public funds provided for the redevelopment of the now closed-Riverdale Marina. The defendant, John Thomas, allegedly fraudulently obtained approximately $370,000 for himself from $900,000 in Tax Increment Financing (TIF) payments in 2012 and used the public funds to repay personal loans and debts, legal fees, rent, and other personal expenses.
Thomas, 51, of Chicago, was charged with three counts of wire … (0 comments)





David Saks

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Comment balloon 0 commentsDavid Saks • April 29 2014 04:02PM


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