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Week Ending Jan. 8, 2010


Mortgage Fraud News

Case Activity

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
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
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
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
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
Date Defendants State Amount Overview News
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


The Associated Press

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

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


Jan. 4 Warren Clifton Pierce MS $500,000 Guilty plea. Associated Press


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