real estate fraud: Philadelphia EXIT Realty “Tri-State" Founder Charged With Ponzi Fraud - 10/16/14 02:44 PM
West Chester Woman Charged in Real Estate Ponzi Scheme
Marie Mikesche Bontigao, 43,
of West Chester, PA,
was charged by indictment, unsealed yesterday, in a fraud scheme involving more than $2 million, announced United States Attorney Zane David Memeger. She is charged with wire and mail fraud.
Bontigao was a licensed real estate broker
who operated a franchise location of
in Philadelphia, New Jersey and Delaware and was the founder of the EXIT Realty “Tri-State Group: and “Tri-State Investment Holdings, Inc.” (T.R.I.H.I.).According to the indictment, between 2007 and 2013, Bontigao solicited individuals … (4 comments)
real estate fraud: Mortgage Fraud Blog for October 15, 2014 - 10/15/14 12:26 AM
Mortgage Fraud Blog sends me an update email 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. Copyright 2004-2014 Rachel M. Dollar Legal Disclaimer. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns … (6 comments)
real estate fraud: Real Estate Fraud Report for October 14, 2014 - 10/13/14 10:21 PM
… (0 comments)
real estate fraud: Pastor Guilty of Embezzling More Than $900,000 from Community Center - 10/10/14 05:15 PM
Local Pastor Pleads Guilty to Embezzling More Than $900,000 from Community Center
Willard Lenord Jones,
63, of Tulsa,
church pastor and former Executive Director of the Greater Cornerstone Community Development Project, pleaded guilty today before United States District Judge John E. Dowdell to three counts of wire fraud and one count of subscribing to a false tax return, announced U.S. Attorney Danny C. Williams Sr., for the Northern District of Oklahoma. Jones was charged by information on August 13, 2014, and sentencing is scheduled for January 12, 2015 at 10:00 a.m.
At the change of plea … (6 comments)
real estate fraud: Real Estate Fraud Report for October 8, 2014 - 10/08/14 12:32 AM
… (0 comments)
real estate fraud: Mortgage Fraud Blog for October 8, 2014 - 10/08/14 12:29 AM
Mortgage Fraud Blog sends me an update email 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. Copyright 2004-2014 Rachel M. Dollar … (0 comments)
real estate fraud: Brother & Sister, One Other Person Guilty in $15 Mil Mortgage Fraud - 10/07/14 10:36 AM
Brother and Sister, One Other Person Convicted at Trial in $15 Million Mortgage Fraud Scheme
CAMDEN, NJ—A federal jury convicted a brother and sister and one other person today for conspiring to defraud financial institutions as part of a $15 million mortgage fraud scam that used phony documents and “straw buyers” to make illegal profits on overbuilt condos, U.S. Attorney Paul J. Fishman announced.
The jury returned the guilty verdicts after five hours of deliberation following a four-week trial before U.S. District Judge Jerome B. Simandle in Camden federal court.
Nancy Wolf-Fels, 57,
of Toms River, New Jersey;
… (2 comments)
real estate fraud: Home Builder Sentenced to 33 Months in Prison for Defrauding Investor - 10/07/14 10:27 AM
Madill Home Builder Sentenced to 33 Months in Prison for Defrauding Investor
OKLAHOMA CITY, OK—
STEVEN RUSSELL HART, 55,
of Madill, Oklahoma,
was sentenced last week to serve 33 months in prison for defrauding an Oklahoma City investor of more than $700,000, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma.
During 2009, 2010, and 2011, Hart operated SRC Construction, Inc., which built homes in an Ardmore subdivision called “The Meadows.” He funded the construction through Texoma Land Development LLC, an Oklahoma City entity.
On October 15, 2013, a federal grand jury … (2 comments)
real estate fraud: California Real Estate Investor Guilty of Bid Rigging and Fraud - 10/06/14 01:03 PM
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 47 Plea Agreements to Date WASHINGTON—A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
Felony charges were filed today in the U.S. District Court for the Northern District of California in Oakland against
Gernot Sebastian Zepernick
of Concord, Calif.
To date, 47 individuals have agreed to plead or have pleaded … (6 comments)
real estate fraud: Leader of $49.6 Million Mortgage Fraud Nets 27 Years 3 Months Prison - 10/02/14 08:38 AM
Leader and Organizer of $49.6 Million Mortgage Fraud Scheme Sentenced to 27 Years and Three Months in Prison
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 Fred W. Gibson, Principal Deputy Inspector General, Federal Deposit Insurance Corporation, Office of Inspector General (FDIC-OIG), Atlanta Regional Office, announce that
Domenico “Dom” Rabuffo, 78, of Miami,
was sentenced by Chief United States District Judge K. Michael Moore for his role as a leader and organizer of a $49.6 million bank fraud and … (6 comments)
real estate fraud: Indictment Charges Six in Multi-Million-Dollar Mortgage Fraud Scheme - 10/02/14 08:27 AM
Indictment Charges Six in Multi-Million-Dollar Mortgage Fraud Scheme
PHILADELPHIA—An indictment was filed yesterday charging six people, including a couple and their daughter, in a wide-reaching mortgage fraud conspiracy in which the defendants allegedly stripped the equity from the homes of desperate homeowners facing foreclosure, announced United States Attorney Zane David Memeger.
The scheme caused losses to mortgage lenders of approximately $3.8 million.
Silver Buckman, 36, of Cherry Hill, NJ, her parents,
Vincent Foxworth, 69, and
Cynthia Foxworth, 63, of Turnersville, NJ,
Danette Thomas, 52, of Pennsauken, NJ,
Byron White, 44, of Pennsauken, NJ and
… (2 comments)
real estate fraud: Georgia Man Nets 27 Months in Prison for Fraud - Over $800K - 10/01/14 09:02 AM
Georgia Man Sentenced to 27 Months in Prison for Defrauding Investors of More Than $800,000
NEWARK, NJ—A Georgia business owner who held himself out to be an investor and loan broker was sentenced today to 27 months in prison for his role in defrauding investors of more than $800,000, U.S. Attorney Paul J. Fishman announced.
Ronnie Singleton, 41, of Lithonia, Ga.,
previously pleaded guilty before U.S. District Judge Esther Salas in Newark federal court to Count One of an indictment charging him with conspiring to commit wire fraud. Judge Salas imposed the sentence today in Newark federal court. According … (4 comments)
real estate fraud: Why My Blog Posts Are Rarely Featured - 09/30/14 06:33 PM
Most of My Blog Posts Are About
Real Estate Fraud,
And the Swindlers
Who Commit It.
ActiveRain Doesn't Want It
On the Front page.
Neither Do I.
And Neither Do You.
Posts Like These Aren't the Usual
They Cheerlead for the Department of Justice Everytime a Real Estate Swindler Goes Down.
Of My Blog Posts
Mortgage Fraud Blog
You Can Start Reading All About … (14 comments)
real estate fraud: Real Estate Fraud Report - Friday September 26, 2014 - 09/25/14 09:56 PM
… (6 comments)
real estate fraud: Minnesota Man Indicted For Stealing $1 Mil+ In Real Estate Investments - 09/25/14 09:18 PM
Minnesota Business Owner Indicted For Stealing More Than $1Million in Real Estate Investments
United States Attorney Andrew M. Luger today announced the indictment of
MICHAEL JOHN MANGAN, 43,
owner of multiple Minnesota-based businesses, on four counts of Wire Fraud and three counts of Mail Fraud.
MANGAN is charged with stealing over $1 million of investment funds and loans which he claimed would be used to fund and grow his various real estate-oriented businesses.
The charges contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.
According to documents filed in … (2 comments)
real estate fraud: Court of Appeals Upholds Womans Conviction & Sentence in Fraud Scheme - 09/25/14 09:12 PM
Court of Appeals Upholds Convictions and Sentence in Extensive Investment Scheme
JACKSONVILLE, FL—United States Attorney A. Lee Bentley, III announces that the United States Court of Appeals for the Eleventh Circuit yesterday affirmed the convictions and sentence of
Lydia Cladek (70, St. Augustine).
On January 26, 2012, a federal jury found Cladek guilty of conspiracy to commit mail and wire fraud, and multiple counts of substantive mail and wire fraud related to a fraudulent investment scheme that resulted in more than $50 million in losses to her victims. Cladek was sentenced on September 20, 2012, to 30 years and … (2 comments)
real estate fraud: Tennessee Woman Embezzled More Than $370,000 from Local Credit Union - 09/25/14 09:07 PM
Cookeville Resident Pleads Guilty to Embezzlement
Woman Embezzled More Than $370,000 from Local Credit Union Latisha Cochran, 36, of Cookeville, Tenn.,
pleaded guilty today in U.S. District Court, to one count of credit union embezzlement, announced David Rivera, United States Attorney for the Middle District of Tennessee.
In a hearing before U.S. District Court Chief Judge William J. Haynes, Cochran admitted issuing fraudulent loans in the names of fictitious individuals, while employed by the Middle Tennessee Federal Credit Union. Cochran admitted that she used the funds from the fraudulent loans for her own personal use, and also used fraudulent … (2 comments)
real estate fraud: Former NFL Player Sentenced to 46 Months in Prison for Mortgage Fraud - 09/25/14 10:54 AM
Charlotte Man Sentenced to 46 Months in Prison for His Role in a Mortgage Fraud Scheme
Defendant Received More Than $500,000 in Mortgage Fraud Proceeds CHARLOTTE, NC—
Former NFL football player
was sentenced on Tuesday, September 23, 2014,
to serve 46 months in federal prison,
to be followed by two years of supervised release, for his role in a multi-million mortgage fraud conspiracy, announced U.S. Attorney Anne M. Tompkins.
U.S. Attorney Tompkins is joined in making today’s announcement by John A. Strong, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, … (8 comments)
real estate fraud: Real Estate Fraud Report for September 23, 2014 - 09/23/14 09:37 PM
… (2 comments)
real estate fraud: Mortgage Fraud Blog for September 23, 2014 - 09/23/14 09:34 PM
Mortgage Fraud Blog sends me an update email 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. Copyright 2004-2014 Rachel M. Dollar … (2 comments)