Mortgage Fraud Blog

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Mortgage Fraud Blog, Mortgage fraud news and information for the mortgage banking industry.
Updated: 4 years 5 weeks ago

Bribes and Lies to Obtain Loan Lands Police Officer in Jail

Thu, 04/11/2013 - 18:53

Victor Patela, Newark, New Jersey, a police officer, was sentenced to 48 months in prison for his role in a conspiracy to commit bank fraud, bank fraud, two counts of loan application fraud, and bank bribery.

Another Charged in Mortgage Fraud Case Involving 100 Properties

Thu, 04/11/2013 - 18:42

Mark Murphy, 47, Williamstown, New Jersey, was charged by information with participating in a mortgage fraud conspiracy involving more than 100 properties and more than $20 million in fraudulent loan proceeds.

Jury Sees Through Mortgage Fraud Defense and Convicts

Thu, 04/11/2013 - 18:02

Nicholas Lindsey, 40, Billings, Montana, following a six-day jury trial, was convicted of nine counts of wire fraud and one count of aggravated identity theft for his role in a mortgage fraud scheme.

450 Fraudulent Loans Lands Man in Prison for 13 Years

Thu, 04/11/2013 - 09:45

Ronnie Edward Duke, 45, Fenton, Michigan, was sentenced to 13 years in prison in connection with a multi-million-dollar mortgage fraud conspiracy.

2 Charged for Straw Buyer Scam Involving 36 Homes

Wed, 04/10/2013 - 18:50

Robert Mikail, 40, and Ging-Hwang "Felicia" Tsoa, 58, both of Ashburn, Virginia, have been charged with conspiracy and bank fraud charges related to their alleged roles in a $20 million mortgage fraud scheme involving more than 35 homes.

2 Sentenced for Falsifying Loan Modification Approvals

Wed, 04/10/2013 - 18:36

Baljit Singh, 47, and Sharanjit Kaur, 36, both of Fresno, California, were sentenced by United States District Judge Lawrence J. O'Neill sentenced for conspiring to commit mail and wire fraud.

Mortgage Fraud Promoters Land Lengthy Prison Sentences

Wed, 04/10/2013 - 14:31

Kenneth Egri, 55, Charlotte, North Carolina, and Dean Huffman, 57, formerly of Charlotte, were sentenced to lengthy prison terms for their role in a mortgage fraud conspiracy that primarily targeted neighborhoods in Union and Mecklenburg counties, North Carolina.

Homeowner Admits Lying to Obtain Mortgage

Tue, 04/09/2013 - 18:22

John J. Doran, 63, Niantic, formerly of Deep River, Connecticut, pleaded guilty before United States Magistrate Judge Donna F. Martinez in Hartford to one count of making false statements to influence a bank in connection with a mortgage application.

Mortgage Broker to Spend a Year Behind Bars for Loan Fraud

Tue, 04/09/2013 - 18:08

Fred Stevens, 56, Easton, Connecticut, was sentenced by United States District Judge Janet C. Hall in New Haven to 12 months and one day of imprisonment, followed by three years of supervised release, for his role in a Fairfield County mortgage fraud scheme.

Lawsuit Filed Alleging Fraudulent Loan Certification Practices

Mon, 04/08/2013 - 18:43

Golden First Mortgage Corp., and its owner, operator, and president, David Movtady, are the subjects of a civil mortgage fraud lawsuit.

Woman Sentenced for Bank Fraud in Connection with 2nd Mortgage

Mon, 04/08/2013 - 18:40

Linda Kay Miller, 51, Alma, Kansas, has been sentenced to two years federal probation and ordered to pay a $5,000 fine for mortgage fraud.

2 Sentenced for Loan Fraud in Excess of $2M

Sun, 04/07/2013 - 19:22

Reginald R. Harper, 59, Hammond, Louisiana, and Troy A. Fouquet, 45, Covington, Louisiana, were sentenced by U.S. District Judge Nannette Jolivette Brown for conspiracy to commit bank fraud.

Sentenced Handed Down for Fraudulent Loan Scheme

Sun, 04/07/2013 - 18:37

Kenneth Koehler, 43, Baltimore, Maryland, was sentenced to 18 months in prison followed by two years of supervised release for conspiracy to commit wire fraud in connection with a mortgage fraud scheme in which fraudulent loans were obtained on six properties, all of which subsequently went into foreclosure.

Fugitive Pleads Guilty to Making False Statements to Obtain Loan

Sun, 04/07/2013 - 18:35

James Gordon Fields, 47, whose last known address in unknown, a man who was a fugitive for more than a year, pled guilty in the United States District Court for the Western District of Virginia in Lynchburg to a variety of fraud charges.

Man Accused of Committing Mortgage and Tax Fraud

Sun, 04/07/2013 - 18:28

Jon C. Cooper, 64, Washington, D.C., was indicted by a federal grand jury on charges that he filed a false tax return concealing embezzled income, and committed mortgage fraud, among other alled crimes.

Loan Broker Admits Conspiracy to Obtain Over $100M in Loans

Fri, 04/05/2013 - 18:39

Joon Park, a/k/a Joon Pak, and Joon Paik,  43, Falls Church, Virginia, pleaded guilty to conspiracy to commit bank fraud, in connection with a scheme to fraudulently obtain business loans.

Man Arrested for Stealing 5 Properties

Fri, 04/05/2013 - 09:45

Dwayne Stewart, 41, West Philadelphia, Pennsylvania, has been charged with stealing five properties in the City and County of Philadelphia, theft from at least 12 additional victims in fraudulent real estate scams and passing bad checks to victims including the City of Philadelphia Recorder of Deeds Office.

Charges Filed Against Woman Involved in Massive Mortgage Conspiracy

Thu, 04/04/2013 - 18:26

Rashika J. Moon, 42, Carneys Point, New Jersey, was charged by information with participating in a mortgage fraud conspiracy involving more than 100 Philadelphia properties and more than $20 million in fraudulent loan proceeds.

Conspirators Sentenced for Inflating Purchase Prices

Thu, 04/04/2013 - 18:20

Quincy Dynell Harrington, Corinth, Texas, has been sentenced for his role in a mortgage fraud scheme. 

Mortgage Broker Pleads Guilty to Defrauding Lender

Thu, 04/04/2013 - 18:02

Gloria Arias, 44, Weston, Florida, pleaded guilty to making material misrepresentations to a financial institution. Arias faces a maximum penalty of 30 years in federal prison for her involvement in this mortgage fraud offense.