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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.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
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 14, 2011
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Mortgage Fraud News
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Case Activity
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Nov. 9, 2010
Mortgage Fraud Still a Problem
Among the findings from two mortgage fraud studies is that an increase in the risk of mortgage fraud was mostly due to a government refinance program and loans insured by the Federal Housing Administration. Another finding was that real-estate-owned sales represent more of a problem than short sales. Las Vegas and Nevada respectively represent the city and state with the highest risk of mortgage fraud.
read story at MortgageDaily.com
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Nov. 9, 2010
Former Fraud Fugitive Still Maintains CA DRE License
Despite that he tried to flee the country following mortgage fraud charges and was arrested at the Canadian borker, Christopher Jared Warren -- who mortgage fraud trial is in process -- still maintains his broker license in good standing with the California Department of Real Estate.
read story at Sacramento Bee
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Nov. 9, 2010
Nevada Receives $1.7 Million to Fight Mortgage Fraud
The U.S. Office of Justice Program has provided $1,700,500 to fund Nevada's mortgage fraud unit.
read announcement from Nevada Attorney General
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Nov. 6, 2010
Failed Bank Victim of Huge Mortgage Fraud Scheme
Friday's failure of Pierce Commercial Bank was, in part, the result of losses stemming from a $500 million mortgage fraud scheme, based on criminal and civil legal activity.
read story at MortgageDaily.com
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Oct. 24, 2010
Fraud Investigation Firm Raking It In
Investors Mortgage Asset Recovery Co., which audits mortgages to help mortgage insurers find fraud where claims are filed, expects more than $12 million in revenue this year.
read story at Los Angeles Times
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Oct. 8, 2010
Banks Get Break on Fraud Prevention Technology
A group of banks are being offered special rates for access to technology that helps prevent mortgage fraud.
read full announcement
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Oct. 6, 2010
$1.7 Million for Colorado Fraud
The Colorado Bureau of Investigation has received a $1.7 million grant.
read story from The Denver Post
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Oct. 4, 2010
Cost Cuts at SC RE Commission Render it Ineffective
Legislators, consumer advocates and industry experts say that expense cuts at the South Carolina Real Estate Commission have made it an ineffective mortgage fraud watechdog.
read story at TheState.com
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Oct. 1, 2010
LA Hosts Mortgage Fraud Summit
Representatives of the Financial Fraud Enforcement Task Force met in Los Angeles on Sept. 30.
read FBI announcement
LA Has Most Fraud Reports
Based on mortgage fraud reports made since 2008, Los Angeles ranks as the worst city.
read story at DailyNews.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Jan. 14 |
Patrick Reidy |
NY |
$2,370,000 |
5-15 year sentence for grand-larceny. Repayment of restitution over next 10 years. |
Jimmurphyda.com |
| Jan. 14 |
Andre Junior Lamerique, Daniel Appolon, Samuel Jean-Louis, Ernst Appolon, Jermaine Blake, Widner Lamarre, Latoya Haltiwanger, Jean Noriscat, J. Daniel Lindley, Eric Levine, Ralph Appolon |
MA |
$10,600,000 |
Sentences: 60 months for Lamerique; 42 months for Daniel; 22 months for Jean-Louis; 120 months for Ernst; 30 months for Jermaine; 87 months for Noriscat; 72 months for Lindley. 12 years for Levine. |
Justice.gov
Abajournal.com |
| Jan. 13 |
Roy L. Cooper, Donald R. Carter |
WV |
$ |
Guilty pleas. |
Justice.gov |
| Jan. 12 |
Wanda Rivera-Burton, Brenda Tibbs, Lynette Johnson, Viktor Blanks, Dina Dunn, Nathaniel Maxwell |
IL |
$15,000,000 |
Indictments. |
Justice.gov |
| Jan. 12 |
Steven D. Kronewitter, Rosa Perez, Fred Osborne, Richard Esparza, Stephen Jewett, Jamie L. Smith |
IN |
$200,000 - $400,000 |
Guilty pleas from Kronewitter, Perez, Jewett, and Smith. Osborne and Exparza awaiting sentencing. |
Justice.gov |
| Jan. 12 |
Frank Santa, Daniel Agudelo, Christopher Brooks, Macario Deguzman, William Hebert, David Mcguire, David Ramoy, Alexander Reyes, Jeanne Ward, Terrance Ward, Anthony Depierro, Gary Gross, Antonio |
FL |
$10,000,000 |
Charges filed. |
Justice.gov |
| Jan. 12 |
Hugo Oliva, Sergio Caro, Manuel Caro, Ilan Reyes, Orlando Dominguez |
FL |
multiple properties |
Guilty plea by Oliva. |
Justice.gov |
| Jan. 12 |
Gerald Wayne Snow aka Jerry Snow |
OK |
Almost $5,000,000 total in criminal forfeiture ordered |
40-month sentence, 36-month supervised release. |
FBI.gov |
| Jan. 12 |
Elleni Berger, a/k/a Elleni Klimantis, Randy Berger |
PA |
Wire fraud conspiracy, mortgage fraud scheme, and false tax return |
3-year sentence and probation. |
Justice.gov |
| Jan. 12 |
Wanda Rivera-Burton, Brenda Tibbs, Lynette Johnson, Viktor Blanks, Dina Dunn, and Nathaniel Maxwell |
IL |
$15,000,000 |
Indictment. |
Justice.gov |
| Jan. 11 |
Blake Matthew Adams |
SC |
1,220,000 |
Indictment. |
Thesunnews.com |
| Jan. 11 |
Robert L. Hancher |
OH |
15 properties |
Guilty plea. |
Justice.gov |
| Jan. 11 |
Rowland Kojo Adjei Sapong |
MA |
$1,000,000 |
Charges filed. |
FBI.gov |
| Jan. 10 |
Charles R. Engle |
VA |
$1,000,000 |
21-month sentence. |
Justice.gov |
| Jan. 10 |
Cheddi Goberdhan, along with David Ramnauth, Peggy Persaud, Orette Killikelly, Rajnarine Singh, Elton Lord, and Taramatee Singh, Ravi Persaud, George Esso, Rafick Baksh, and Mahamood Hussain (41 total) |
NY |
$23,000,000 |
Goberdhan convicted. |
FBI.gov |
| Jan. 8 |
Deborah Fernie |
TX |
$13,000,000 |
6-year sentence. |
Newsok.com |
archived case entries back to 2005
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