| |
home
blog
archives
mortgage fraud resources
search
RSS feed
FraudBlogger index
fraud prevention news
mortgage fraud statistics
mortgage news
mortgage conferences
mortgage newsletter
mortgage news rss feed
mortgage fraud news
mortgage fraud statistics
mortgage lawsuits, judgements, settlements & class actions
predatory lending news
advertise
public relations
mortgage news for PDAs, Blackberrys, mobile phones and handheld devices
contact us
|
|
Mortgage Fraud Archives
Week Ending Jan. 1, 2010
|
|
|
|
|
Mortgage Fraud News
|
Case Activity
|
Dec. 30, 2009
Long Beach Mortgage Practices Invited Mortgage Fraud
Management's disregard for red flags contributed to the demise of Washington Mutual Inc. subsdiary Long Beach Mortgage.
read Huffington Post story
|
Dec. 29, 2009
Departing NJ AG Filed 11 Fraud Lawsuits
During Anne Milgram's four years as New Jersey's attorney general, the division filed 11 lawsuits against 102 defendants.
read story from Star-Ledger
|
Dec. 16, 2009
Credit Union Sues For Fraud Coverage
Educational Systems Federal Credit Union filed a lawsuit in U.S. District Court for the District of Maryland to determine that fraud losses it suffered were covered by a CUNA Mutual bond.
read story at Credit Union Times
|
Dec. 15, 2009
Foreclosure Scams Use Mortgage Fraud
In a typical foreclosure rescue scheme, delinquent borrowers are advised to convey title to an investor located by the foreclosure rescue firm. But instead of rescuing the borrowers, the firms line up fake borrowers with fraudulent documentation and extract all available equity -- leaving the borrowers still facing foreclosure. A federal and state initiative has been launched to stop such schemes.
read story at MortgageDaily.com
|
Dec. 3, 2009
MD County Tackles Fraud
Representatives from the Prince George's County state's attorney's office pledged more effort to combat mortgage fraud.
read story from Gazette.net
|
Dec. 1, 2009
Fraud Prevention Service Links to SSA
A California fraud prevention firm is touting its status as one of the first enrolled companies in a Social Security Administration program.
read full announcement
DOJ Solifies NC Partnership
The U.S. Attorney's Office for the Western District of North Carolina said the Obama administration's Interagency Financial Fraud Enforcement Task Force formalizes the partnerships it already had with states.
read story at Charlotte Observer
Miami Fraud Task Force Busy
The Miami-Dade Mortgage Fraud Task Force has made more than 175 arrests and opened an additional 780 investigations.
read story at HeraldTribune.com
|
Nov. 27, 2009
CA's Central Valley Mortgage Fraud Hot Spot
Federal mortgage fraud indictments in California's central region were 50 last year and totaled 30 over the past 12 months -- with each case resulting in losses of $1 million to more than $5 million.
read full story from Business Journal
|
Nov. 24, 2009
Feds Attack AZ Fraud
U.S. Attorney Dennis Burke has obtained approval to hire three attorneys who will focus on Arizona mortgage fraud cases.
read story from The Arizona Republic
Federal, State Officials Meet on NV Fraud
U.S. Sen. Harry Reid, Federal Trade Commission Chairman Jon Leibowitz and Nevada Attorney General Catherine Cortez Masto were among officials at a mortgage fraud event in Las Vegas.
read story from Associated Press
|
Nov. 23, 2009
Appraiser Wears FBI Wire
A Kansas City appraiser talks about how he wore a hidden microphone to help bust a huge mortgage-fraud scheme.
read story at KansasCity.com
|
Nov. 17, 2009
South Chicago Condos Stung Hard by Mortgage Fraud
On the South Side of Chicago, mortgage fraud hit condominium communities especially hard.
listen to full story from WBEC
FBI Warns of Fraud During Foreclosure Process
The FBI's Detroit offices sent representatives to speak to agents at Michigan Re/Max about mortgage fraud during the foreclosure process.
read full story from Daily Press & Argus
|
Nov. 16, 2009
US AG Reports Huge Rise in Fraud Cases
U.S. Attorney General Eric Holder reported that the Federal Bureau of Investigation is currently investigating 2,400 mortgage fraud cases -- a 400 percent increase from five years ago.
read full DOJ announcement
|
|
| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Dec. 30 |
Alternative Lending of Colorado, James W. Dale III, April A. Bigler |
CO |
multiple transactions |
Complaint filed. |
MortgageDaily.com |
| Dec. 30 |
John Sweetland, Joshua Brown, Brian Frank, Linda Defeo, Brian Arrington, Bruce Namenson |
MA |
$12,500,000 |
Charges filed. |
Mass.gov |
| Dec. 29 |
James Benjamin Duncan, Hendrix Moreno Montecastro, Helen Moreno Pedrino, Maurice McLeod, Charlie Sung Muk Choi, Cindi Gayle Kelly, Thuan Nhan Du |
CA |
$125,000,000 |
Criminal complaint filed. |
MortgageDaily.com |
| Dec. 29 |
Jennifer Jackson |
NC |
na |
Guilty plea in "Waxhouse Investigation." |
JournalNow.com |
| Dec. 29 |
Dema Daiga, Oluseun Oshosanya |
MD |
$664,493 |
Indictment. |
Media Newswire
Baltimore Sun
Washington Post
|
| Dec. 29 |
Brandon Foley |
NC |
multiple transactions over 2 years |
Guilty plea. |
Charlotte Observer |
| Dec. 29 |
Mark J. Moncher, Richard Nanan, Victor Cedeno, Genesis Valdez |
FL |
$3,700,000 |
Guilty pleas. |
Orlando Sentinel |
| Dec. 28 |
Wayne Marlon Benedic Lezama |
VA |
$3,000,000 |
Guilty plea. |
The Virginian-Pilot |
| Dec. 28 |
Richard N. Garries |
VA |
$900,000 |
Conviction. |
The Virginian-Pilot |
| Dec. 28 |
Brian W. King |
VA |
$700,000 |
Guilty plea. |
The Virginian-Pilot |
| Dec. 28 |
Ronnie E. Brodie |
VA |
na |
Arraignment. |
The Virginian-Pilot |
| Dec. 28 |
Troy A. Titus |
VA |
$7,000,000 |
Conviction. |
The Virginian-Pilot |
archived case entries back to 2005
|
|
|
|
read archived blog
entries
|
|
|
