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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
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The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending January 13, 2012
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Mortgage Fraud News
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Case Activity
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13 Years for 100 Properties
Jan. 12 -- A former Fayetteville, N.C., man who made at least $1 million through a mortgage fraud scheme that resulted in dozens of foreclosures will spend nearly 13 years in prison.
read story at MortgageDaily.com
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Former Fugitive Pleads Guilty in $19 Million Case
Jan. 11 -- Christopher J. Warren, who fled the country with a fortune in gold and returned with a paltry $70,000 in cash stuffed into the cowboy boots he was wearing, pleaded guilty Tuesday in Sacramento federal court to identity theft and wire fraud related to cheating lenders out of $19 million.
read story at MortgageDaily.com
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Ohio Man Indicted Over $1.5 Million Scheme
Jan. 11 -- A Columbus, Ohio, man cheated lending institutions out of $1.5 million by helping buyers purchase homes at inflated prices and lying on loan applications, a federal indictment charges.
read story at MortgageDaily.com
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Straw Buyers from Low Income Area Recruited for High-End Home Scheme
Jan. 9 -- Carl Alexander, 60, of Miami, was sentenced Friday to four years in prison and ordered to pay $3.5 million in restitution for his role in a mortgage fraud scheme in the upscale Versailles community in Wellington.
read story at MortgageDaily.com
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Scheme Involved 65 Homes, $10 Million
Jan. 9 -- A Hudson, Wis., man charged with racketeering in a mortgage-fraud case pleaded guilty Friday in Hennepin County District Court. But he's not done explaining the details of the $10 million scheme.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Jan. 13 |
Jacquelyn Drago-Hunter |
IN |
$74,000 |
Guilty plea. |
SunTimes.com |
| Jan. 13 |
Lynetta Mae Washington |
TX |
Multiple properties |
Indicted. |
DentonRC.com |
| Jan. 13 |
Daniel Nichter |
OH |
Multiple properties |
Sentenced to 4 years prison plus restitution (tbd). |
MortgageDaily.com |
| Jan. 13 |
William Helbley |
OH |
$7,000,000 |
Sentenced to 3 years probation plus 50 hours community service and $380,000 in restitution. |
WFMJ.com |
| Jan. 12 |
Deangelo Wade, Abe Beydoun |
MI |
Multiple properties |
Sentences: Wade 40 months prison plus 3 years supervised release and $1.8 million in restitution; Beydoun 12 months and 1 day prison plus $1.8 million restitution. |
Department of Justice |
| Jan. 12 |
Angelo Rossi |
NY |
$640,000 |
Indicted. |
NorthCountryGazette.org |
| Jan. 12 |
Jorge Abbud |
NJ |
$138,402 |
Guilty plea. |
Department of Justice |
| Jan. 12 |
Douglas Skibicki |
MD |
$1,400,000 |
Sentenced to 33 months prison plus 3 years supervised release and restitution (tbd). |
Department of Justice |
| Jan. 12 |
Keith Davis |
FL |
$1,000,000 |
Sentenced to 24 months prison plus $1,004,000.04 in restitution. |
Department of Justice |
| Jan. 11 |
Eric Omar Jones |
NC |
More than $1,000,000 |
Sentenced to 151 months prison plus 5 years supervised release and $142,145.85 restitution. |
Department of Justice |
| Jan. 11 |
Branden D. Chatman |
OH |
$1,500,000 |
Indicted. |
MortgageDaily.com |
| Jan. 10 |
Alba Fito, Sacha Rodriguez |
FL |
$1,900,000 |
Jailed and indicted. |
MortgageDaily.com |
| Jan. 10 |
Robert Veazie, Derwin Frazier, Brenda East, Veronica Frazier |
TX |
Multiple properties |
Guilty plea from Veazie. Others previously pleaded guilty. |
Department of Justice |
| Jan. 10 |
Cherri Dallas, Kai Fluker, Wendy Mitchell |
GA |
Multiple properties |
Dallas sentenced to 2 years; Fluker sentenced to 3 years; Mitchell previously pleaded guilty. |
Department of Justice |
| Jan. 10 |
Christopher J. Warren, Scott Cavell |
CA |
$19,000,000 |
Guilty plea from Warren. Cavell remains a fugitive. Taylor, Bean & Whitaker and Loomis Wealth Solutions victim lenders. |
Department of Justice |
archived case entries back to 2005
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