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Mortgage Fraud Archives

Week Ending January 18, 2012


Mortgage Fraud News


Case Activity


5 Arrested in SoCal Mortgage Fraud Scheme
Jan. 18 -- Federal authorities arrested five people Wednesday who were allegedly involved in an Orange County-based "builder bailout" mortgage fraud scheme, including one defendant from Huntington Beach, according to a press release by the Department of Justice.
read full story at Mortgage Daily


3 Women Sentenced for Mortgage Fraud at Bank
Jan. 16 -- The fallout from the Pierce Commercial Bank mortgage fraud case continued in U.S. District Court in Tacoma this week.
read full story at Mortgage Daily


Not Guilty Plea in HELOC Mortgage Fraud Scheme
Jan. 16 -- PORTLAND, Maine -- The trial of a 44-year-old Rockland woman accused of stealing more than $400,000 from Rockland Savings Bank is scheduled to begin in March.
read full story at Mortgage Daily


Guilty Plea Follows 9 Sentencings for Idaho Family
Jan. 15 -- Season Heather Hymas, 27, pleaded guilty Monday in Boise federal court to theft from a financial institution.
read full story at Mortgage Daily


$30 Million in Losses from Mortgage Fraud Scheme Operated by Lawyer
Jan. 15 -- A Las Vegas lawyer pleaded guilty Monday to his involvement in a mortgage fraud scheme that cost banks and other federally insured institutions $30 million, Nevada's U.S. Attorney Daniel G. Bogden announced today.
read full story at Mortgage Daily


Title Agent Hid Kickbacks from Lenders in $7 Million Scheme
Jan. 15 -- A Hilliard, Ohio, title agent helped put together real-estate deals that defrauded lenders out of $7 million as part of a conspiracy with real-estate agents and mortgage brokers, an assistant U.S. attorney said yesterday in U.S. District Court.
read full story at Mortgage Daily


Family Used by Bank Employee to Execute HELOC Mortgage Fraud
Jan. 14 -- A 44-year-old Rockland woman was indicted Wednesday by a federal grand jury on a charge that she defrauded the bank she worked at for more than $400,000.
read full story at Mortgage Daily



Date Defendants State Amount of Loans Overview Source
Jan. 18 Shalonda McGill, Rodney McGill FL $1,000,000 Shalonda's request for hearing to present new evidence granted. TCPalm.com
Jan. 18 Deborah L. Kistner, Mark A. Kistner OH $7,000,000 Pleaded guilty. Department of Justice
Jan. 18 Tommy Hix (22 total) SC $5,500,000 Asked to reduce prison sentence for Hix. MortgageDaily.com
Jan. 17 Gordon L. Yocom, Nancy Rayfus OH $350,000 Yocom pleaded guilty. Department of Justice
Jan. 16 William F. Binnicker, Jr., Rufus G. Revis SC $2,000,000 Pleaded guilty. Wells Fargo and Regions Bank victim lenders. Department of Justice
Jan. 15 Anthony Haynes FL $990,498 money judgment Pleaded guilty. Department of Justice
Jan. 15 Schelton Assoumou NY $2,000,000 in losses Arrested. Department of Justice
Jan. 15 Shauna L. Quinn ME $540,000 Pleaded not guilty. MortgageDaily.com
Jan. 15 Dennis O. Edwards MD $2,241,000 Sentenced to 21 months. Department of Justice
Jan. 14 David Crisp, Carl Cole CA Multiple properties Trial date set. BakersfieldCalifornian.com
Jan. 14 Season Heather Hymas, Travis Richard Hymas ID Multiple properties Season Hymas pleaded guilty. Department of Justice
Jan. 14 Shawn Portmann, Jeanette R. Salsi, Alice Lorraine Barney, Sonja Lightfoot WA $10,000,000 in losses Sentences: Salsi 7 months, Barney 2 months, Lightfoot 1 month. Portmann awaits sentencing. Pierce Commercial Bank a victim lender. Department of Justice
Jan. 14 Gerry Zobrist NV $53,000,000 Pleaded guilty. MortgageDaily.com
Jan. 14 Robyn Waugh States, R. Craig Adams, Rich Bobka FL $14,500,000 States pleaded guilty. HeraldTribune.com
Jan. 14 Deborah L. Kistner, Mark A. Kistner OH $7,000,000 Trial begins. MortgageDaily.com

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