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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
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The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending February 10, 2012
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Mortgage Fraud News
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Case Activity
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Record Mortgage Fraud Settlement
Feb. 09 -- Allegations that the Federal Housing Administration was defrauded on mortgages it insured have been settled for $1 billion. The settlement, which is the biggest of its kind, also resolves allegations of inflated appraisals and abuse with the government's loan modification program.
read story at MortgageDaily.com
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Mortgage Broker Testifies Against Mfg Housing Dealer
Feb. 09 -- A sentencing hearing for former Conway, S.C., manufactured home dealer Glenn Vaught, who pleaded guilty last year to a felony mortgage fraud charge, was postponed Wednesday after mortgage broker Nancy Kennedy showed up in the courtroom to testify against him.
read story at MortgageDaily.com
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4 Guilty Pleas in $21 Million Scheme
Feb. 08 -- OAKLAND, Calif. -- Four people last week pleaded guilty in federal court to charges relating to a far-reaching mortgage loan fraud scheme involving at least 20 properties and more than $20 million in loan proceeds in Northern California, according to the U.S. attorney's office.
read story at MortgageDaily.com
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Uncle Joining Nephew in Prison
Feb. 08 -- Lionel Alexander, president of American Family Mortgage, recruited straw borrowers for 48 properties in the Dallas-Fort Worth area as part of a fraud scheme, prosecutors say.
read story at MortgageDaily.com
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$2.2 Million Mortgage Fraud Nets 6-Year Sentence
Feb. 06 -- The ringleader of a $2.2 million mortgage fraud ring was sentenced this week to six years in prison and ordered to repay nearly $1 million to two companies.
read story at MortgageDaily.com
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Parents Take Hit for Son
Feb. 06 -- Given the choice between a nearly certain prison sentence and seeing their 24-year-old son charged in a mortgage fraud scheme, Jim and Teresa Hoffman chose prison Friday, admitting that they duped mortgage lenders out of more than $5 million.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Feb. 10 |
Mayer Goldberger |
NY |
$5,300,000 |
Sentenced to 4-12 years prison plus $5.3 million in restitution. |
NewsDay.com |
| Feb. 10 |
Michala Cherek-Ramirez |
NE |
$422,858 |
Sentenced to 5 years probation plus $422,858 restitution. |
Department of Justice |
| Feb. 10 |
Valeri Mysin, Valeri Kolesnikov, Valentina Beknazarov, Anatoliy Beknazarov |
CA |
$1,800,000 |
Sentenced to 2 years prison. |
MortgageDaily.com |
| Feb. 9 |
Barry Heisner, Dominic Leung, Hilton Wong |
CA |
Multiple properties |
Guilty pleas. |
Department of Justice |
| Feb. 9 |
Michelle Austin-Wilks, Jinnie Mathurin, Guhier Florvilus |
Fl |
$3,000,000 |
Wilks indicted. Mathurin and Florvilus previously pleaded guily and await sentencing. |
Department of Justice |
| Feb. 9 |
Domingos Dias |
CT |
$3,200,000 |
Guilty plea. |
Department of Justice |
| Feb. 8 |
Roberto Caro, Manuel Caro, Hugo Oliva, Sergio Caro, Ilan Reyes, Orlando Dominguez |
FL |
Multiple properties |
Roberto Caro pleaded guilty. Manuel Caro previously pleaded guilty, but failed to appear in court. Sentences: Oliva 87 months prison plus $886,418.97 in restitution; Sergio Caro 37 months prison plus $671,166.36 in restitution; Reyes 5 years probation; Dominguez 5 years probation. |
Department of Justice |
| Feb. 7 |
Stephen J. Troese, Sr., James Kevin Hughes, Brenda Lukenich |
MD |
$2,838,231 |
Troese sentenced to 1 year and 1 day prison plus 3 years supervised release; Hughes and Lukenich await sentencing. |
Department of Justice |
| Feb. 7 |
Vavega Tialino, Toaono Tialino |
MO |
$300,000 |
Pleaded guilty. |
Examiner.net |
| Feb. 7 |
Henry J. Papale |
CT |
$360,307.23 |
Indicted. |
Department of Justice |
| Feb. 7 |
Michael R. Senick |
NJ |
$400,000 |
Pleaded guilty. Sentencing set for 5/18/12. |
Department of Justice |
| Feb. 7 |
Ronald J. O'Malley, Laura-Jean Arvelo |
NJ |
Multiple properties |
Sentences: O'Malley sentenced to 24 months prison plus 3 years supervised release and a $25,000 fine. Arvelo sentenced to 2 years probation. |
Department of Justice |
| Feb. 6 |
Steven F. Reagan, Jay S. Fulton |
FL |
$3,000,000 |
Indictments. |
TheDestinLog.com |
| Feb. 6 |
Patrick Anderson, Ronald L. Blanchette Jr. |
NJ |
$2,000,000 |
Indictments. |
NewJerseyNewsRoom.com |
| Feb. 6 |
Charles E. Walker, Linda F. Walker, Lee Edward Walker, Linda D. Hanks, Frankie R. Powell, Christopher Forrester, Laura Greer, Tammy R. Fedel, Jess Kevin Cypret, James Powell, Eddie Lee Rohrs, Robert C. Barnica |
MO |
$11,000,000 |
Sentences: Charles sentenced to 10 years prison, Linda sentenced to 1 year and 1 day prison, Lee sentenced to 30 months prison; $4,345,761 in restitution to be paid by all three. Other defendants pleaded guity and await sentencing. |
Department of Justice |
archived case entries back to 2005
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