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Case Activity

Mortgage Fraud Risk Rises, Jumbo Riskier
Nov. 20 -- The risk of mortgage fraud increased during the latest three-month period -- with identity and occupancy fraud risk seeing the most deterioration. New data suggests that jumbo mortgages present more risk than non-jumbo loans. A community that borders Arkansas and Missouri is one of the nation's worst hot spots.

Civil, Criminal Mortgage Fraud Cases Concluded
Nov. 14 -- Redding, Calif., man has been sentenced in federal court in Sacramento, and a San Diego County loan processing firm has agreed to a civil settlement in separate mortgage fraud cases.

Realtor Cops Plea in Big CA Mortgage Fraud Case
Nov. 13 -- Michael Angelo Munoz, a former real estate agent and defendant in Bakersfield's Crisp & Cole mortgage fraud case, has agreed to plead guilty to two counts of mail fraud, the U.S. Attorneys Office announced Tuesday.

Family's Pleas Fail to Prevent Prison for Mom in Mortgage Fraud Case
Nov. 8 -- Pleas by two sons, a daughter and a father didn't stop a federal judge yesterday from ordering Deborah L. Kistner to prison for a $9 million mortgage fraud that stretched from Ohio to Florida.

Appraiser Gets 1.5 Yrs in $100 Mil Mortgage Fraud Case
Nov. 1 -- A Jefferson Hills, Pa., woman told a federal judge on Thursday that her insecurities led her to help her brother commit a multimillion-dollar mortgage fraud and lie about threats to her husband, a federal drug enforcement agent.

3 Yrs for New Orleans Lawyer in $50 Mil Mortgage Fraud
Oct. 31 -- A New Orleans lawyer who was working in Las Vegas as a real estate agent was sentenced to three years in prison in a mortgage fraud operation that scammed more than $50 million from financial institutions, U.S. District Judge Philip M. Pro announced today.

X-Wife of Pastor in Mortgage Fraud Case Gets No Prison
Oct. 31 -- PHILADELPHIA -- The estranged wife of a pastor with a criminal history in Berks County expressed remorse Wednesday for writing checks in a scheme that defrauded a New York bank of $6.4 million in home loans.

Former Pastor Sentenced to 14 Yrs for Mortgage Fraud
Oct. 30 -- PHILADELPHIA -- A former Pottstown, Pa.-area pastor with a criminal history in Berks County denied any wrongdoing before being sentenced Tuesday to federal prison for defrauding a New York bank of $6.4 million in home loans.

Wholesale AE, Broker-Husband Admit to Mortgage Fraud
Oct. 28 -- A subprime wholesale lending account executive and her husband, who was a mortgage broker, have admitted to defrauding her now-defunct employer using fake income and employment documents.

Financial Advisor Got $1.3 Mil in Fraud Mortgages
Oct. 28 -- A North Side Columbus, Ohio, financial adviser who defrauded banks with his real-estate purchases was sentenced to a day in prison today and ordered to pay back more than $400,000.

Date Defendants State Amount of Loans Overview Source
Nov 18 Juan Velez, Flavia Mendoza CT $1,200,000 Velez sentenced to 12 months. Department of Justice
Nov 15 Denise Haines, Michael Wilkerson Sr., Joyce Wilkerson PA $6,000,000 Haines sentenced to 10 days.
Nov 14 Ging—Hwang "Felicia" Tsoa, Robert Mikail, Bing-Sing "Cindy" Wang VA $19,900,000 Tsao convicted by jury. Department of Justice
Nov 14 Jose Armando Alvarado, Alberto Morejon, Reyna Orts FL $2,400,000 Sentences: Alvarado 135 months, Morejon 36 months, Orts 50 months. Department of Justice
Nov 13 Brandon Hanly CA Multiple properties Sentenced to 4 years. Department of Justice
Nov 13 Emily Kaye-Eddie, Loan Tech Inc. CA $75,000 Settlement reached. Department of Justice
Nov 13 Rita "Jessica" Martinez, her husband Gilbert Martinez, and her brother Felix Martinez TX Undisclosed. Farmers and Merchants Bank victim lender. Indicted. Department of Justice
Nov 12 Kimberly Eileen McMillian (aka Kimberly Simmons and Kimberly Simmons McMillian), Glenroy E. Day, Sr. MD $1,028.003.20 Sentences: McMillian 2 years; Day 2 years probation. Department of Justice
Nov 12 Michael Angelo Munoz, David Marshall Crisp, Julie Dianne Farmer, Jeriel Salinas, Jennifer Anne Crisp CA $1,300,300 forfeiture. Munoz pleaded guilty.
Nov 8 Shara Andrews IL $598,536 in restitution Sentenced to 24 months. Department of Justice
Nov 8 Steven Schlatmann NJ Multiple properties Pleaded guilty. Department of Justice
Nov 8 David Joe Cano TX $1,795,125 in restitution. Bank of America, IndyMac Bank, GreenPoint Mortgage Funding, Inc., WMC Mortgage Corporation, Everett Financial Inc. dba Supreme Lending, America Homekey, Inc. victim lenders. Sentenced to 87 months. Department of Justice
Nov 7 John J. Doran CT $991,883 in restitution Sentenced to 12 months jail.
Nov 7 Stephanie Hand, Julio Concepcion, Thomas D'Anna NJ $873,520 Indicted. Department of Justice
Nov 7 J. Patrick Brester FL $1,266,156 in restitution Sentenced to 6 years. Department of Justice
Nov 7 Carlyle "Carl" Lee Cole, Caleb Lee Cole, Sneha Ramesh Mohammadi, David Crisp, Robinson Nguyen CA $30,000,000 in losses Carlyle, Caleb, and Mohammadi pleaded guilty. Department of Justice
Nov 7 Michael Rory Woods, James P. Vasiliou, Jr. NY Multiple properties. JP Morgan Chase Bank victim lender. Woods charged by criminal complaint. Department of Justice
Nov 6 Brian Edwards IN $400,000 in restitution Sentenced to 21 months.
Nov 6 Deborah L. Kistner, Mark A. Kistner OH $9,644,601 in restitution Deborah sentenced to 66 months, Mark sentenced to 5 years probation. Department of Justice
Nov 1 Kimberly Baldwin, Lewis Whoolery PA $1,700,000 in restitution Baldwin sentenced to 19 months.
Oct 31 David M. Mark NV $50,000,000 in losses Sentenced to 3 years.
Oct 30 Joyce Wilkerson, Michael Wilkerson Sr., Denise Haines, Lee Garell PA $6,400,000 Joyce Wilkerson sentenced to 4 years probation.
Oct 29 Michael Wilkerson Sr., Denise Haines, Joyce Wilkerson, Lee Garell PA $6,400,000 Michael Wilkerson sentenced to 14 years and 2 months. Department of Justice
Oct 28 Robert E. Haines Jr., Ryan K. Blankenship OH $1,300,000 Haines sentenced to a day.
Oct 28 Lester Soto, Isaac DePaula, Adilson Silva, Klary Arcentales, Rodrigo Costa, Michael Rumore, Antonio Pimenta NJ $30,000,000 Soto pleaded guilty. Department of Justice
Oct 24 Sidney Coton, Jim Sotolongo FL $50,000,000 Coton agreed to plead guilty.
Oct 24 Stanley Walton, Pamela Black NV $4,300,000 in restitution Walton entenced to 41 months.
Oct 24 Lemuel David Thornton CA $232,000 in restitution, JPMorgan Chase & Co. victim lender. Sentenced to 24 months. IRS
Oct 24 Bhardwaaj "Deo" Seecharan, Linda Rovetto FL $3,500,000 Seecharan sentenced to 60 months. Department of Justice
Oct 24 Braden S. Koegel FL $400,000 Indicted. BofA victim lender.
Oct 23 Nathan Shane Wolf, Denetria Montresa Myles (91 total in Waxhouse case) NC $75,000,000 Convicted by jury. Department of Justice

archived case entries back to 2005

Mortgage Fraud Litigation

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