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Week Ending January 13, 2012

Mortgage Fraud News

Case Activity

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.
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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.
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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.
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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.
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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.
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Date Defendants State Amount of Loans Overview Source
Jan. 13 Jacquelyn Drago-Hunter IN $74,000 Guilty plea.
Jan. 13 Lynetta Mae Washington TX Multiple properties Indicted.
Jan. 13 Daniel Nichter OH Multiple properties Sentenced to 4 years prison plus restitution (tbd).
Jan. 13 William Helbley OH $7,000,000 Sentenced to 3 years probation plus 50 hours community service and $380,000 in restitution.
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.
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.
Jan. 10 Alba Fito, Sacha Rodriguez FL $1,900,000 Jailed and indicted.
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

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