David Saks: Real Estate Fraud Report for May 12, 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Fraud Report for May 12, 2014

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real estate fraud: Mortgage Fraud Blog Report for May 9, 2014 - 05/09/14 02:13 PM

Mortgage Fraud Blog sends update emails once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Here's the latest from Rachel Dollar. Copyright 2004-2014 Rachel M. Dollar … (6 comments)

real estate fraud: Stamford Man Admits Role in Mortgage Fraud Scheme - 05/09/14 01:53 PM
Stamford Man Admits Role in Mortgage Fraud Scheme
The United States Attorney for the District of Connecticut announced that Taimur Aurora, 40, of Stamford, waived his right to indictment and pleaded guilty today before Chief U.S. District Judge Janet C. Hall in Bridgeport to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County.
According to court documents and statements made in court, between 2005 and 2013, Aurora participated in a mortgage fraud conspiracy that involved the purchase of numerous single and multi-family properties, primarily in Bridgeport and Stamford. As part of … (2 comments)

real estate fraud: Businessman Pleads Guilty to Federal Kickback Scheme - 05/07/14 11:19 AM
Hattiesburg Businessman Pleads Guilty to Federal Kickback Scheme
HATTIESBURG, MS—Local businessman and former Hattiesburg Fire Chief T.L. Pittman, Jr., 82, pled guilty today in U.S. District Court to a kickback scheme that defrauded the U.S. Department of Agriculture, announced U.S. Attorney Gregory K. Davis, FBI Special Agent in Charge Daniel McMullen, and Special Agent in Charge Mary L. Lewis of USDA Office of Inspector General.
A federal criminal bill of information was filed against Pittman on May 1, 2014, charging him with one count of theft of government funds. Pittman is scheduled to be sentenced by U.S. District Judge Keith … (0 comments)

real estate fraud: Woman Convicted in Mortgage Fraud Scheme - 05/07/14 11:16 AM
Accountant Convicted in Mortgage Fraud Scheme
   
LAS VEGAS—Following a five-day jury trial, a licensed accountant was convicted today of conspiracy and fraud charges for participating in a mortgage fraud scheme in southern Nevada and causing approximately $1.6 million in losses to federally insured financial institutions, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
Carmen Denise Mosley, 43, of Granada Hills, California, was convicted of one count of conspiracy to commit bank fraud and wire fraud and two counts of bank fraud. Mosley is scheduled to be sentenced on August 5, 2014, and faces up to … (0 comments)

real estate fraud: Man Indicted for $6.2 Million Fraud Schemes - 05/05/14 12:27 PM
Former Liberty Man Indicted for $6.2 Million Fraud Schemes
KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced today that a former Liberty, Missouri man has been indicted by a federal grand jury for a $6.2 million series of investment fraud schemes.
Henry Thomas Hammond, 57, of Ponte Vedra Beach, Florida, formerly of Liberty, was charged in a 12-count indictment returned under seal by a federal grand jury in Kansas City, Missouri, on Wednesday, April 30, 2014. The indictment was unsealed and made public today upon Hammond’s arrest and initial court appearance in Florida.
Hammond … (0 comments)

real estate fraud: Real Estate Investment Partner Indicted for Alleged Fraud - 05/04/14 12:18 AM
Real Estate Investment Partner Indicted for Allegedly Cheating at Least 50 Mostly Chicago-Area Investors of $10 Million
CHICAGO—A former Chicago-area real estate investment partner was indicted on federal charges alleging that he fraudulently obtained more than $10 million from more than 50 investors, many of whom lived in the Chicago area, and misused the funds he obtained from them as well as lenders. The defendant, MATTHEW STOEN, was a founder of Stone Rose, LP, and effectively was its managing general partner.
Stoen, 35, of Wayzata, Minnesota and formerly of St. Charles and Chicago, was charged with four counts of mail … (2 comments)

real estate fraud: Homeowner Releases Footage Showing Realtors Having Sex In His House - 05/03/14 07:12 AM
    … (6 comments)

real estate fraud: Real Estate Fraud Report for May 2, 2014 - 05/02/14 08:18 AM
 
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real estate fraud: Mortgage Fraud Ringleader and Title Agent Convicted of Fraud - 04/30/14 09:34 AM
Mortgage Fraud Ringleader and Title Agent Convicted in Multi-Million-Dollar Fraud Scheme
ORLANDO, FL—United States Attorney A. Lee Bentley, III announces that yesterday, a federal jury found James Fidel Sotolongo (48, Port Orange) guilty of one count of conspiracy and 11 counts of bank fraud. The jury found Stephanie Musselwhite (52, Daytona), a title agent in Orlando, guilty of one count of conspiracy, nine counts of bank fraud, and one count of making false statements to a federally insured financial institution. Realtor Ramara Garrett (35, Port Orange) was acquitted of conspiracy and making false statements to a federally insured financial institution. … (4 comments)

real estate fraud: Here's Mortgage Fraud Blog for April 30, 2014 from Rachel Dollar - 04/30/14 06:30 AM
Here's Mortgage Fraud Blog for April 30, 2014
from my friend Rachel Dollar.
Please visit her site and subscribe.
Combat real estate fraud.
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 … (0 comments)

real estate fraud: Real Estate Swindler Report for April 29, 2014 - 04/29/14 04:02 PM
 
 
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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)

   

 

 




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Comment balloon 0 commentsDavid Saks • May 12 2014 07:19AM

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