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Mortgage Fraud Archives
Week Ending Jan. 8, 2010
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Mortgage Fraud News
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Case Activity
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Jan. 8, 2010
DOJ-Led Effort Includes Mortgage Fraud Targeting
U.S. Attorney General Eric Holder announced a new interagency Financial Fraud Enforcement Task Force that will prevent, prosecute and punish financial fraud -- including mortgage fraud.
read full announcement
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Jan. 7, 2010
Fidelity Denies Claims it Hid Mortgage Fraud Litigation
Fidelity National Financial Inc. "emphatically refutes" claims made in a New York Times story that it hid mortgage fraud litigation from its investors.
read full announcement
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Jan. 6, 2010
ID Verify Plus Uses 3 Sources to Combat Mortgage Fraud
ID Verify Plus was unveiled by Informative Research, which claims the service combines data verification from three sources -- including the Social Security Administration, the Office of Foreign Asset Control and credit repository databases
read announcement
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Jan. 5, 2010
Mortgage Fraud Tops Times-Gazette Poll
A mortgage fraud story was picked by Times-Gazette readers as the top Shelbyville, Tenn., story of 2009.
read story from Times-Gazette
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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
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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
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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
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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
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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
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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
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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
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Jan. 8 |
Viktor Kobzar, Vladislav A. Baydovskiy |
WA |
$46,000,000 |
60-month sentence. |
IRS.gov |
| Jan. 8 |
Joshua Brown, Brian Frank, John Sweetland, Brian Arrington, Linda Defeo, Bruce Namenson |
MA |
$2,000,000 |
Guilty pleas. |
The Enterprise |
| Jan. 7 |
Angelo Mancini III |
MN |
$44,000 |
1-year sentence. |
Pioneer Press |
| Jan. 7 |
Uri Gofman, Tony Viola, |
OH |
500 homes |
FBI investigating. |
Channel 3 News |
| Jan. 6 |
James Merritt Eaton, Brian Chandler Eaton, Michael John Bell |
CA |
na |
Charges filed against appraisers. |
CoastlinePilot.com |
| Jan. 6 |
Robert A. Penn, Tamara E. Scott, Stephen Scott Brown, Kevin M. Lafavers, Timothy Brown, Jerry Jaquess, Mark Roth |
IN |
$16,613,850 |
7-year sentence for Penn in case where victims included Argent Mortgage Co., The MoneyStation, People's Choice Mortgage, Countrywide Home Loans. |
IRS.gov
Media-Newswire
The Associated Press
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| Jan. 6 |
Mark Strodtman, Nelson Feliciano, Flora Carmona, Charles Brandt, Jessica Brandt, Dean Juhl |
CO |
restitution of $310,054 |
31-year sentence. |
Greeley Tribune
Associated Press
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| Jan. 4 |
Daniel Adam Rooks aka Adam Rooks, Alford Eugene Rooks, Stanley Garfield Williams Jr., Henry Clay Blake Jr., Cynthia Tilley Greer |
NC |
$6,000,000 |
87-month sentence for Adam Rooks. |
IRS.gov
StarNewsOnline.com
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| Jan. 4 |
Warren Clifton Pierce |
MS |
$500,000 |
Guilty plea. |
Associated Press
WAPT
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