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Mortgage Fraud Archives

Week Ending January 20, 2012


Mortgage Fraud News


Case Activity


Florida Real Estate Agent Pleads Guilty in $5 Million Case
Jan. 18 -- Parkland Real Estate agent David Lam, 42, pled guilty Tuesday in federal court to charges of conspiracy to commit mail and wire fraud and conspiracy to commit money laundering in relation to a home sales scheme in Wellington's Versailles community.
read story at MortgageDaily.com

$0.9 Million Property Financed for $1.9 Million
Jan. 18 -- A 2007 real-estate scam involving a Sugarloaf Key home put two former property professionals from Miami-Dade County in the Keys jail last week.
read story at MortgageDaily.com

Overview of Mortgage Fraud
Jan. 18 -- Colorado ranks eighth among states as a mortgage fraud hot spot, a FBI agent specializing in white-collar crime told members of the Southern Chapter of the Colorado Mortgage Lenders Association on Tuesday.
read story at MortgageDaily.com

Florida Scam Involved $8.7 Million in Loans
Jan. 18 -- PANAMA CITY BEACH, Fla. -- According to the federal indictment, the alleged scam worked like this:
read story at MortgageDaily.com

Feds, States Stomp Out Foreclosure Rescue Services
Jan. 18 -- Federal regulators, including the Consumer Financial Protection Bureau, are going all out to put a halt to firms that collect hefty fees while their clients still lose their homes.
read story at MortgageDaily.com

Appraiser Used IDs of Other Appraisers
Jan. 16 -- An Ohio appraiser will spend four years in prison over admittedly using the identities of other appraisers on inflated reports.
read story at MortgageDaily.com

33 Months for 3-Year Scheme
Jan. 16 -- A Bethesda man was sentenced Thursday to 33 months in prison followed by three years of supervised release for two counts of mail fraud connected to a mortgage scheme that defrauded lenders, family members and others, the Maryland U.S. Attorney's Office reported.
read story at MortgageDaily.com

2-Year Sentence for Mortgage Broker
Jan. 16 -- A Jacksonville mortgage broker received a two-year prison sentence Thursday and has to reimburse his victims $1 million.
read story at MortgageDaily.com


Date Defendants State Amount of Loans Overview Source
Jan. 20 William "Ondra" Joel, Maurice Vernon, Both Elton Lassiter, Jill Jackson FL $1,800,000 Joel and Vernon convicted. Sentencing hearing set for 4/16/12. Lassiter and Jackson previously pleaded guilty. Department of Justice
Jan. 20 Anayansi B. Perez, Alba Fito, Sacha Rodriguez FL $1,900,000 Perez indicted. Fito and Rodriguez previously charged. KeysNet.com
Jan. 20 Warren Jackson, Yolanda King IL $350,000 Indicted. WLSAM.com
Jan. 20 Tyler Fitzsimons OR Multiple properties Will change plea from "Not Guilty" to "Guilty". MortgageDaily.com
Jan. 20 Norton Helton, Charles White, Felicia Ford IL Multi-million dollar scheme Helton sentenced to 15 years prison plus $3.2 million in restitution. White and Ford previously sentenced. Department of Justice
Jan. 19 Louisa Katrina Dubinsky CA $500,000 Guilty plea. Sentencing set for 2/8/12. SantaCruzSentinel.com
Jan. 19 Lesley Carol Beene TX At least $300,000 Convicted. Cypress Bank a victim lender. Department of Justice
Jan. 19 Philip Villasis, Ray D. Gata VA Multiple properties Indicted. Department of Justice
Jan. 19 John Voloshin CT $1,500,000 Guilty plea. Sentencing scheduled for 4/5/12. Department of Justice
Jan. 19 Daniel Douglas Boler, Susanne Eileen Mathis MN $7,000,000 - $20,000,000 Guilty pleas. Department of Justice
Jan. 18 James Ober, Wendy Ober MN $10,000,000 James pleaded guilty. HudsonStarObserver.com
Jan. 18 Raymond Foakes CA Multiple properties Sentenced to 70 months prison and $1,085,000 in restitution. Department of Justice
Jan. 18 Robert Ilunga, Winston Shillingford, Marleen Shillingford CT $7,000,000 Guilty pleas. Department of Justice
Jan. 18 Maurice Bates, Alan Nathan, Joann Walter, Jill Beth Newman Zuravel, Meredith King FL $8,700,000 Indicted. MortgageDaily.com
Jan. 17 Kenneth McGavitt PA $4,000,000 Sentenced to 57 months prison plus $3 million in restitution. Department of Justice
Jan. 17 Guillermo Laureiro, Alex Gambini PA $1,000,000 - $2,500,000 Laureiro sentenced to 5 months prison plus 3 years supervised release and $4,000 fine. Gambini previously sentenced. Department of Justice
Jan. 17 David Lam, Carl Alexander, Carol Asbury, Patrick Brinson, Pamela Higgins, Victoria Wilson FL $15,000,000 Guilty plea from Lam. Others previously sentenced. Department of Justice

archived case entries back to 2005

 
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