| |
home
blog
archives
mortgage fraud resources
search
RSS feed
FraudBlogger index
fraud prevention news
mortgage fraud statistics
mortgage news
mortgage conferences
mortgage newsletter
mortgage news rss feed
mortgage fraud news
mortgage fraud statistics
mortgage lawsuits, judgements, settlements & class actions
predatory lending news
advertise
public relations
mortgage news for PDAs, Blackberrys, mobile phones and handheld devices
contact us
|
|
|
|
|
|
February 6, 2009
Four of five men who pleaded guilty to their participation in a $2.6 mortgage fraud scheme that duped 23 lenders and one investment firm have been sentenced. Sentences range from one year to three and a half years and millions in restitution for charges of conspiracy and money laundering.
The mortgage broker who confessed to defrauding homeowners and lenders of almost $1 billion in mortgage loans has fled the country on a private jet.
An Illinois woman who pleaded guilty to charges of falsifying loan applications in order to get them approved received two years felony probation, 240 hours of community service and a fine of $1,000.
Four people were charged in a mortgage fraud-related investigation, including two that were affiliated with a Mt. Lebanon, Penn.-based developer and Brazilian native who is currently under federal investigation for incomplete real estate developments and millions of dollars in debt to U.S. banks.
A Grand Blanc, Mich. man suspected of participating in a multimillion-dollar mortgage fraud scheme attempted to bargain a plea deal at his pretrial hearing but the notion was rejected by the judge. His wife was stabbed by an alleged victim that was duped out of $90,000.
February 5, 2009
A Maryland landlord was busted in 2001 for participating in a $3 million mortgage fraud scheme that resulted in 70 homes falling into foreclosure. As part of his plea, he began to help the Feds convict several mortgage fraud conspirators as an informant providing prosecutors with valuable information.
A lawyer is facing disbarment after being implicated in a mortgage fraud scheme that allegedly involved his fraudulent notarization of a deed. In any case, he conducted a refinance closing in a state in which he is not licensed.
A South Carolina man conned an elderly woman into giving him $15,000, she thought it was being applied to her mortgage. Her home is now in foreclosure.
The first year anniversary for the Western Pennsylvania Mortgage Fraud Task Force ended with mortgage fraud-related charges against 17 people.
A Sarasota attorney is the second defendant of four to plead guilty in an $83 million mortgage fraud scheme. He faces up to 30 years in prison and as much as $1.5 million in fines.
A Maryland landlord was busted in 2001 for participating in a $3 million mortgage fraud scheme that resulted in 70 homes falling into foreclosure. As part of his plea, he began to help the Feds convict several mortgage fraud conspirators as an informant providing prosecutors with valuable information.
Four people have been charged and a fifth suspect is being sought in a $3 million mortgage fraud scheme that preyed on tenants who were promised a rent-to-own situation.
Two men pleaded guilty in a New Jersey courtroom to an alleged $20 million mortgage fraud scheme that bilked investors by offering them high annual interest rates by renovating and reselling homes. Instead of doing what was promised the men along with another who is in federal custody pocketed the money.
February 4, 2009
Ten people charged with operating a foreclosure rescue scam are challenging the accusation. Five of the defendants were involved in a previous case that was dismissed.
Three mortgage fraud cases in Northern Ohio have led to the indictment of 22 individuals and two companies. Over $4 million in loans were fraudulently obtained.
February 3, 2009
A 27-year-old California con artist is asking for forgiveness of almost $1 billion in mortgage fraud in a confession posted on the home page of a mortgage company's Web site.
A Pennsylvania man pleaded guilty to a multimillion-dollar mortgage fraud scheme that was responsible for motivating the local law enforcement to create a special task force.
February 2, 2009
A “Bollywood” promoter and film producer who owned his own mortgage company was sentenced to seven years for charges relating to mortgage fraud that cost lenders $33 million. He was allegedly raising money to fund a $16.5 million movie.
|
|
|
|
read archived blog
entries
|
|
|
