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Mortgage Fraud Archives

Week Ending February 1, 2012

Mortgage Fraud News

Case Activity

Mortgage Fraud, Tax Scheme Lead to 9-Year Sentence
Jan. 31 -- CLEVELAND -- A former Youngstown man who promoted tax-and mortgage-fraud conspiracy schemes has been sentenced to nine years in federal prison and ordered to make $544,582 in restitution.
read full story at Mortgage Daily

$3.6 Million Mortgage Fraud Case Lands Nightclub Owner in Prison
Jan. 31 -- The former owner of a popular Downtown nightclub in Columbus, Ohio, was sentenced this morning to 2 1/2 years in prison and ordered to pay $1.9 million in restitution for his involvement in a $3.6 million mortgage-fraud case.
read full story at Mortgage Daily

Bad Appraisals Enable $100 Million in PA Mortgage Fraud
Jan. 30 -- A Pennsylvania mortgage broker has been convicted of originating more than $100 million in fraudulent mortgages by using inflated appraisals prepared by unlicensed appraisers.
read full story at Mortgage Daily (subscription required)

5 Ordered to Pay $10 Million for Mortgage Fraud
Jan. 30 -- PANAMA CITY, Fla. -- More than five years after bilking victims out of their credit scores and banks out of millions of dollars, five men and women convicted of fraud have been ordered to pay the money back.
read full story at Mortgage Daily

Former State Supreme Court Justice Admits to Mortgage Fraud
Jan. 30 -- Retired Michigan Supreme Court Justice Diane Hathaway pleaded guilty to felony bank fraud today and is expected to be sentenced May 28.
read full story at Mortgage Daily

Mortgage Fraud Litigation
Jan. 29 -- Alleged victims of mortgage fraud, including mortgage lenders deceived into granting loan approvals and consumers who lost their homes, are using the civil courts to pursue reparations. The government, however, tends to use criminal courts to pursue defendants.
read full story at Mortgage Daily (subscription required)

Decade in Prison for Former Bank Executive
Jan. 29 -- A former Pierce Commercial Bank senior vice president was sentenced Monday to 10 years in prison for a mortgage-fraud scheme that brought down the Tacoma bank, marking the culmination of a major criminal investigation that won convictions of nine other former bank employees, officials said.
read full story at Mortgage Daily

Potential Mortgage Fraud Rises in Some States, Falls in Others
Jan. 28 -- A comparison of quarters indicates that the possibility of mortgage fraud worsened. While there were plenty of markets that improved, deterioration in other markets offset the gains.
read full story at Mortgage Daily (subscription required)

Date Defendants State Amount of Loans Overview Source
Feb. 1 Safiyyah Tahir Battles OK $326,902 Sentenced to 30 months. Saxon Mortgage victim lender. Department of Justice
Feb. 1 Justin H. Knight CO Multiple properties Sentenced to 12 months home detention. Department of Justice
Feb. 1 Steven J. Mascarenas CO $1,776,152 in restitution Sentenced to 72 months. Department of Justice
Feb. 1 Kevin M. O'Connell, Kevin D. O'Connell NY $7,118,115 in restitution and forfeiture Each sentenced to 24 months. Department of Justice
Jan. 31 Paul Zaleski WI $14,000,000 Sentenced to 14 months. Department of Justice
Jan. 31 Filippos "Filip" Milios CT $10,000,000 Arrested. Department of Justice
Jan. 31 Waverly Media, LLC FL Undisclosed Warrant executed.
Jan. 31 Fredric M. Diantonio, Louis V. Catarro, Kathryn W. Lockwood, Thomas E. Morello NJ $15,000,000 Indicted and arrested. Department of Justice
Jan. 31 Kevin D. Hightower OH $3,600,000 Sentenced to 30 months.
Jan. 30 Steven R. Hinz OH $544,582 in restitution Sentenced to 9 years prison. Wells Fargo a victim lender. Department of Justice
Jan. 29 Michael Howard Clott (aka Michael Howard) MA $2,800,000 Sentenced to 152 months. Department of Justice
Jan. 29 Avinie Maurice Bates, Jill Beth Newman Zuravel, Alan Jay Nathan, Meredith Lelann King, Joann V. Walter FL $12,000,000 in losses. Sentences: Bates 12 years, Zuravel 4 years, Nathan 3 years, King 30 months, Walter 20 months. Department of Justice
Jan. 29 Lewis Whoolery, Kenneth Cowden, Jeannette Gray, Kimberly Baldwin PA $100,000,000 Whoolery convicted. Department of Justice
Jan. 29 Diane M. Hathaway MI Undisclosed Pleaded guilty. Department of Justice
Jan. 28 Kevin Hymes (aka Kevin Hymowitz) NY $66,000,000 Sentenced to 2 years.
Jan. 28 Sean Robbins, Marc Foley MA $449,000 Robbins sentenced to 10 months home confnement. Department of Justice
Jan. 28 Kevin M. Mahoney, Paul Hartfield, Brian D. Jaimes, John T. Bradfield KS $2,600,000 Mahoney sentenced to 15 months. Department of Justice
Jan. 28 Warren Ballentine IL $9,775,000 Indicted. Department of Justice
Jan. 28 Shawn L. Portmann (8 total) WA $10,000,000 in losses. Pierce Commercial Bank victim lender. Sentenced to 10 years. Department of Justice
Jan. 28 Lisa Gerideau-Williams PA $3,700,000 fine possible Pleaded guilty. Department of Justice

archived case entries back to 2005

Mortgage Fraud Litigation

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