David Saks: Real Estate Fraud Report May 28, 2014

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Real Estate Fraud Report May 28, 2014

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Real Estate Crimes


real estate fraud: Settlement Company Head Pleads Guilty to $2 Mil + Short Sale Fraud - 05/28/14 07:38 AM
Head of Annandale Settlement Company Pleads Guilty in More Than $2 Million Short Sale Mortgage Fraud
ALEXANDRIA, VA—Jose Marinay, 52, of Annandale, Virginia, pleaded guilty today to conspiracy to commit wire fraud for his involvement in a short sale mortgage fraud conspiracy.
Dana J. Boente, United States Attorney for the Eastern District of Virginia; Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office; and Thomas J. Kelly, Special Agent in Charge, Washington D.C. Field Office, IRS-Criminal Investigation, made the announcement after the plea was accepted by U.S. District Judge Claude M. Hilton.
Marinay was indicted on April … (0 comments)

real estate fraud: Mortgage Fraud Blog Report for May 28, 2014 - 05/28/14 07:26 AM
Here's today's update from my friend, and great attorney, Rachel Dollar. 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: Man Charged in Home Improvement Scam Defrauded Elderly of Thousands - 05/27/14 07:31 AM
Owensboro Man Charged in Second Home Improvement Scam Charged with Defrauding Union County Couple of Nearly $150,000
Recently Pleaded Guilty in U.S. District Court to Defrauding Elderly Daviess County Couple of $200,000 in Similar Home Improvement Scam OWENSBORO, KY—An Owensboro, Kentucky man is being held by the U.S. Marshals Service following his arrest May 9 for devising a scheme to defraud a Union County, Kentucky couple of nearly $150,000 in a home improvement scam announced David J. Hale, United States Attorney for the Western District of Kentucky. Robert K. Gray was awaiting sentencing in a similar case in which he had … (2 comments)

real estate fraud: Tennessee Man Indicted for Cross Burning - 05/22/14 10:46 AM
Tennessee Man Indicted for Cross Burning
WASHINGTON—Today, a federal grand jury in Nashville, Tennessee, returned a three-count indictment against Timothy Flanagan, 33, formerly of Giles County, Tennessee, currently residing in Hudson, Florida, charging him with federal offenses for his role in a cross-burning in front of an interracial family’s home in Minor Hill, Tennessee, the Department of Justice and U.S. Attorney’s Office for the Middle District of Tennessee announced.
The indictment charges Flanagan with one count of conspiracy to violate housing rights, one count of criminal interference with the right to fair housing, and one count of using fire to … (6 comments)

real estate fraud: Former Bank Officer Sentenced to 18 Months for Bribes and Bank Fraud - 05/22/14 07:09 AM
Former Bank Officer Sentenced to 18 Months in Prison for Accepting Bribes, Bank Fraud
CAMDEN, NJ—A former bank officer was sentenced today to 18 months in prison for accepting bribes of more than $50,000 in return for his assistance in corrupt financial transactions, as well as bank fraud, U.S. Attorney Paul J. Fishman announced.
Jose Dominguez, 47, of Newark, New Jersey, previously pleaded guilty before U.S. District Judge Noel L. Hillman to an information charging him with soliciting and accepting bribes in excess of $1,000 as a bank officer. He had also pleaded guilty to a separate indictment charging him … (0 comments)

real estate fraud: California Man Sentenced to 51 Months in Prison for Mortgage Fraud - 05/22/14 07:03 AM
California Man Sentenced to 51 Months in Prison in Multi-Million-Dollar Mortgage Fraud
PHILADELPHIA—Steven Pitchersky, 65, of Rancho Mirage, California, was sentenced today to 51 months in prison for a scheme to defraud Ally Bank that resulted in losses to the bank of approximately $5.3 million. Pitchersky, who pleaded guilty to wire fraud on September 23, 2013, operated Nationwide Mortgage Concepts (NMC), a California mortgage lender.
Between August 2009 and January 2011, Ally was the warehouse lender for thousands of mortgage loans in which NMC borrowed from Ally’s warehouse line of credit to refinance first mortgages held by other financial institutions. … (0 comments)

real estate fraud: Raleigh Real Estate Broker Nets 42 Months in Prison for Mortgage Fraud - 05/21/14 04:16 PM
Raleigh Real Estate Broker Sentenced to 42 Months in Prison for His Role in Mortgage Fraud Scheme
RALEIGH—United States Attorney Thomas G. Walker announced that in federal court today before Chief United States District Judge James C. Dever, III, Mark Henry Tkac, 49, of Raleigh, was sentenced to a 42-month term of imprisonment, followed by five years of supervised release, on a charge of conspiracy to commit mail, wire, and bank Fraud, in violation of Title 18, United States Code, Section 1349. Tkac was also ordered to pay $1,612,612.94 in restitution.
Assistant United States Attorney William M. Gilmore stated, “This case … (0 comments)

real estate fraud: Real Estate Fraud Report for May 21, 2014 - 05/21/14 10:24 AM
 
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real estate fraud: Mortgage Fraud Blog Real Estate Fraud Report for May 21, 2014 - 05/21/14 10:21 AM
Mortgage Fraud Blog sends update emails once per week. Here's the latest from my friend and attorney Racherl Dollar. 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: Four Individuals Charged in Multi-Million-Dollar Mortgage Fraud Scheme - 05/20/14 09:48 AM
Four Individuals Charged in Multi-Million-Dollar Mortgage Fraud Scheme
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office; and Drew J. Breakspear, Commissioner, Florida Office of Financial Regulation, announce that Karl Oreste, 56, of Miramar; Marie Lucie Tondreau, a/k/a “Lucie Tondreau,” 54, of North Miami; Okechukwu Josiah Odunna, a/k/a “O.J. Odunna,” 49, of Lauderdale Lakes; and Kelly Augustin, 57, of North Miami, have been charged with conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349, and six … (0 comments)

real estate fraud: Former Sacramento Man Pleads Guilty in Mortgage Fraud Scheme - 05/20/14 09:46 AM
Former Sacramento Man Pleads Guilty in Mortgage Fraud Scheme
SACRAMENTO, CA—Joshua Clymer, 28, currently of San Francisco, pleaded guilty today to conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme, United States Attorney Benjamin B. Wagner announced.
According to court documents, from approximately October 2006 through August 2008, Clymer participated in a mortgage fraud scheme involving multiple properties in the Sacramento area. As a part of the scheme, Clymer and a business partner used several fraudulent tactics to help buyers secure home loans from lenders, including inflating the buyer’s income, providing false employment histories, falsifying … (0 comments)

real estate fraud: Mortgage Fraud Scheme Caused More Than $150 Million in Bank Losses - 05/19/14 03:09 PM
Federal Grand Jury in Oakland Indicts President of Discovery Sales Inc.
Ayman Shahid Charged in Mortgage Fraud Scheme That Caused More Than $150 Million in Bank Losses WASHINGTON—An indictment by a federal grand jury unsealed today in Oakland, California, charges Ayman Shahid with conspiracy to commit bank fraud and 17 individual counts of bank fraud, announced United States Attorney Melinda Haag and Special Agent in Charge David Johnson of the FBI’s San Francisco Field Office.
According to the indictment, Shahid, 38, of Danville, California, is alleged to have masterminded a scheme to cause banks to approve mortgage loans for unqualified buyers … (2 comments)

real estate fraud: Chicago Developer & Two Attorneys Indicted in $22.8 Mil Mortgage Fraud - 05/19/14 02:50 PM
South Loop Condo Developer and Two Attorneys Among Six Defendants Indicted in $22.8 Million Mortgage Fraud Scheme
CHICAGO—A south loop condominium developer and two attorneys are among six defendants facing federal charges for allegedly engaging in a $22.8 million mortgage loan fraud scheme, federal law enforcement officials announced today. The defendants allegedly caused buyers to fraudulently obtain approximately 60 mortgages from various lenders to purchase condominiums at Vision on State, a 250-unit building located at 1255 South State St.
Real estate developer Warren N. Barr, III, was a member of 13th & State LLC, which obtained a $55.7 million loan … (2 comments)

real estate fraud: Real Estate Fraud Report for May 19, 2014 - 05/19/14 10:07 AM
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real estate fraud: Grosse Ile Businessman Sentenced in Mortgage Fraud Case - 05/19/14 09:57 AM
Grosse Ile Businessman Sentenced in Mortgage Fraud Case
A Grosse Ile businessman was sentenced today after being convicted at trial of conspiracy to commit wire fraud and wire fraud, announced United States Attorney Barbara L. McQuade.
U.S. Attorney McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the Detroit, Michigan Office of the Federal Bureau of Investigation.
Sentenced was Richard Dean Woolsey, 42, of Grosse Ile Township, Michigan. Woolsey was sentenced to 90 months by U.S. District Judge Avern Cohn. Judge Cohn also ordered Woolsey to serve three years’ supervised release after his custodial … (0 comments)

real estate fraud: Former Alabama KKK Leader Sentenced to Prison for Cross Burning - 05/16/14 06:38 AM
Former Alabama KKK Leader Sentenced to Prison for Cross Burning and Obstruction of Justice
WASHINGTON—Steven Joshua Dinkle, 28, former exalted cyclops of the Ozark, Alabama chapter of the International Keystone Knights of the Ku Klux Klan (KKK), was sentenced today by Chief U.S. District Judge W. Keith Watkins to serve 24 months in prison to be followed by three years of supervised release for his role in a cross burning in 2009, announced the Justice Department and the U.S. Attorney’s Office for the Middle District of Alabama.
On February 3, 2014, Dinkle pleaded guilty to hate crime and obstruction of … (2 comments)

real estate fraud: Connecticut Man Sentenced for $3.2 Million Mortgage Fraud Scheme - 05/16/14 06:30 AM
Connecticut Man Sentenced to 30 Months in Federal Prison for Role in $3.2 Million Mortgage Fraud Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that DOMINGOS DIAS, 44, formerly of Trumbull and currently residing in Easton, was sentenced yesterday by U.S. District Judge Stefan R. Underhill in Bridgeport to 30 months of imprisonment, followed by three years of supervised release, for his involvement in a mortgage fraud scheme that caused more than $3 million in losses to lenders.
According to court documents and statements made in court, DIAS participated in a conspiracy to fraudulently … (2 comments)

real estate fraud: Two in Chicago Arrested and Charged in Alleged Mortgage Fraud Scheme - 05/15/14 01:44 PM
Two Defendants Arrested and Charged in Alleged Mortgage Fraud Scheme Involving Federal Undercover Investigation
CHICAGO—A West suburban man and a Chicago woman were arrested on federal charges for allegedly engaging in a bank fraud scheme purporting to involve the fraudulent sale of two two-flat apartment buildings in Chicago, federal law enforcement officials announced today. The charges followed a federal undercover investigation of fraudulent mortgage loan transactions.
George Dravilas, 36, of Medinah, and Bridget Hutcherson, 40, of Chicago, were each charged with bank fraud in a criminal complaint filed yesterday and unsealed following their arrests yesterday. Hutcherson was released on her own … (2 comments)

real estate fraud: Grand Rapids Man Sentenced for Mortgage Fraud - 05/15/14 01:40 PM
Grand Rapids Man Sentenced for Mortgage Fraud
GRAND RAPIDS, MI—Seamus P. Dillon, 37, of Ada, was sentenced to two years in federal prison, followed by three years of supervised release, and ordered to pay restitution in the amount of $755,693 after pleading guilty to conspiracy to commit mortgage fraud, U.S. Attorney Patrick Miles announced today. The conspiracy charge alleged that during 2007, Dillon and others defrauded a bank in connection with a mortgage for 2295 Indian Mill Creek Drive NW, in Grand Rapids Michigan. As a result of a series of false statements designed to defraud the lender, Dillon and … (0 comments)

real estate fraud: Man Arrested in Alleged Mortgage Foreclosure Rescue, RE Ponzi Scheme - 05/15/14 01:23 PM
Gloucester County Man Arrested, Charged in Alleged Mortgage Foreclosure Rescue, Real Estate Ponzi Scheme
CAMDEN, NJ—A Gloucester County, New Jersey man is charged with scamming distressed homeowners into giving him their houses and then soliciting fake real estate investments from private investors—secured by those same properties—that netted him more than $3 million in illicit profits, U.S. Attorney Paul J. Fishman announced.
Randy Poulson, 42, of Woolwich Township, New Jersey—the owner and operator of Equity Capital Investments LLC—was arrested this morning by special agents of the Philadelphia FBI. Poulson was arrested on a complaint charging him with mail fraud, which alleges … (2 comments)

   

 

 

 

 




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Comment balloon 0 commentsDavid Saks • May 28 2014 07:49AM

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