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Mortgage Fraud Archives
Week Ending Jan. 15, 2010
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Mortgage Fraud News
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Case Activity
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Jan. 14, 2010
US AG Testifies About Mortgage Fraud
United States Attorney General Eric Holder testified about mortgage fraud warnings in 2004.
read Associated Press story
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Jan. 11, 2010
Wisconsin Looking to Convicts from Mortgage Industry
Wisconsin's legislature is preparing a bill that would prohibit anyone with a felony convictions from obtaining a mortgage license.
read story from Wisconsin Public Radio
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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
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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
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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
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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
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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
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Jan. 15 |
John Morris, Wayne Puff, |
NJ |
restitution to lenders & investors of $101 million |
20-month sentence for appraiser. |
The Record |
| Jan. 15 |
Todd Phillips, Dwayne Deer, Dawn Stinson |
MS |
na |
Sentencing scheduled. |
Associated Press |
| Jan. 15 |
Charles Harris Mathis Jr. |
NC |
$1.5 mil sales price |
Guilty plea. |
Charlotte Observer |
| Jan. 15 |
Patrick Corvo |
NC |
$1.2 mil in losses, 11 homes |
New charges filed. |
Charlotte Observer |
| Jan. 14 |
Delroy Davy |
FL |
millions of dollars of mortgage loans |
To plead guilty in case where Omni National Bank was defrauded. |
Associated Press |
| Jan. 14 |
Cliff Robertson |
TX |
$150,000 |
Guilty plea |
McKinney Courier-Gazette |
| Jan. 14 |
Debbie Sferrazza, Salvatore Sferrazza, James Ashurst, Heather, Whitney Bonapfel, Keiron Ashurst, Tabatha Sturgill |
OH |
$3,000,000 |
Indictment against family including grandchildren. |
Cincinnati Enquirer
Business Courier of Cincinnati
WCPO.com
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| Jan. 13 |
Kirksey J. "Mark" Newton Jr. |
CA |
7 properties |
Appraiser being sued by Fremont Investment and Loan. |
Californian |
| Jan. 12 |
Seth Gendel, Martin Gendel |
NY |
$4,500,000 |
Father and son indicted. |
Daily Record |
| Jan. 12 |
Mark Roth, Robert Penn, Timothy Brown, Stephen Scott Brown, Jerry Jaquess, Tamara Scott |
IN |
$5,000,000 |
43-month sentence in case where Argent Mortgage Co., Homecomings Financial and The MoneyStation Inc. were victims. |
Indianapolis Star
ethiopianreview.com
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| Jan. 11 |
Benjamin Osmanson |
VT |
$26,000,000 |
9-year sentence. |
IRS.gov
WCAX.com
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| Jan. 11 |
Jared Tornow, Mikhail Kosachevich |
CA |
$40,000,000 |
70-month sentence. |
IRS.gov
OCWeekly
LawFuel.com
Department of Justice
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| Jan. 11 |
Viktor Kobzar |
WA |
$47,000,000 |
5-year sentence. |
Federal Way Mirror Reporter |
| Jan. 11 |
Mary Rose Wright |
NC |
$3,000,000 |
Guilty plea. |
Triangle Business Journal
WRAL
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