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Fraud
Stories
From
Patrick
Crowley
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Fraud
News Wire
| Last Updated |
Friday, January 12, 2007, |
04:49
PM |
Texas
Time |
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Legislator Accused of Foreclosure Fraud
The Maryland Attorney General is looking into claims that a state legislator duped a woman into selling her home to him.
In a lawsuit filed in Anne Arundel County Circuit Court, Teresa Milligan accuses Maryland State Delegate William "Tony" McConkey, a Republican and a real estate broker, of foreclosure rescue fraud.
McConkey has denied Milligan's claims that he somehow tricked Milligan into singing over her house to him.
Kevin Enright, a spokesman for Maryland Attorney General J. Joseph Curran, confirmed to MortgageDaily.com that the attorney general's office is "looking into the matter."
MortgageDaily.com
subscribers read Patrick's full story
Armed
& Dangerous
A former mortgage executive who is under indictment
for selling the same loans multiple times on the
secondary market escaped when federal agents tried
to nab him.
Edward Batayeh, who is also known as Ed Bhataybh,
has been indicted by a federal grand jury in Oakland
on charges of masterminding a $13 million fraud
that included reselling loans multiple times.
But when federal agents tried to apprehend him on
Nov. 17, he fled in a 2003 BMW X3 with the California
license plate 5ETZ317.
"Defendant is a fugitive and should be considered
armed and dangerous," the U.S. Attorney for the
Northern District of California said in a statement.
MortgageDaily.com
subscribers read Patrick's full story
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January
12, 2007
Man
Imprisoned for Mortgage Fraud
Lawrence Randall Benham was sentenced to 97
months in prison after pleading guilty to his
involvement in a multi-million dollar scheme
in which he allegedly used straw buyers and
exaggerated their financial resources and ability
to repay mortgage loans for properties priced
in excess of their true value.
read
story from KHOU.
Unlicensed
Appraiser Sentenced
Chester Underhill was sentenced to 30 months
in federal prison and received three years probation
for allegedly using his late father's license
number to perform more than 1,000 appraisals
for five years at the request of mortgage brokers.
read
story from 21 WMFJ.
Attorney
Arrested on Stealing Charges
Denise Cooper, a lawyer that represented a homeowner
in a foreclosure sale, is being accused of using
$100,000 gathered from the transaction for her
personal use rather than depositing to a county
finance commissioner.
read
story from the Journal News .
Mayor
Candidate Denies Fraud
Katheryn Shields, who has filed to run for Kansas
City mayor, and her husband, Philip Cardarella,
pleaded not guilty to mortgage fraud charges
and alleged their signatures were forged on
documents involving the sale of a home they
owned.
read
story from KMBC-TV.
January
11, 2007
Broker
Pleads Guilty to Fraud
Torrence James, a former prisoner who became
a mortgage broker, was the last of eight defendants
to admit to engaging in a mortgage fraud scheme
in which he used false information to obtain
mortgages -- and withdrew $0.3 million in proceeds
from fraudulent home sales.
read
story from the Denver Post.
FBI
Mole in Fraud Probe a Criminal
Adrena Troutman, a woman investigated for mortgage
fraud, blasted the FBI for using an informant
with a criminal history who allegedly recorded
Troutman seeking bribes.
read
story from the Chicago Sun-Times .
January
10, 2007
Accountant
Gets 12 for Fake Docs
Abrar Haque was sentenced to 12 years in prison
for selling false financial records to get bank
loans, including documents fraudulently showing
high income so a man could get $250,000 loan
for a home.
read
story from the Plain Dealer.
January
9, 2007
Originator
Faces 8.5 Years
Mortgage agent Candi Robinson may serve over
8 years in prison after admitting that she conned
an elderly woman out of $90,000 of home equity
by bailing out the woman's daughter from jail
with collateral on the home.
read
story from the Plain Dealer.
January
8, 2007
Broker
Registration Aims to Cut Fraud
Brokers in Colorado must now register with the
state, a move that is part of new legislation
aimed to reduce mortgage fraud and can result
in brokers' licenses being revoked more easily.
read
story from Legal Newsline.
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Patrick
Crowley is fraud journalist for MortgageDaily.com
and a reporter and columnist
for The Cincinnati Enquirer.
Email Patrick at: PatCrowley@FraudBlogger.com |
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