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Mortgage Fraud News
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Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

Mortgage Fraud Archives

Week Ending Feb. 12, 2010

 

Mortgage Fraud News

Case Activity

Feb. 11, 2010


Mortgage Fraud Generating Local Bubbles
The FBI says mortgage fraud is at epidemic levels -- possibly fueling the development of local bubbles.
read story from NuWireInvestor
Feb. 8, 2010


MO Mortgage Fraud Lighter Than in Harder Hit States
While Missouri has a problem with mortgage fraud, its nothing like what has been seen in states like Arizona and California.
read story at St. Louis Globe-Democrat
Feb. 5, 2010


GA Gov. Announces Fraud Legislation
Mortgage fraud legislation that would grant the Georgia Bureau of Investigation jurisdiction to initiate investigations on offenses related to mortgage fraud has been introducted into the state senate.
read press release
Feb. 4, 2010


GA Introduces Fraud Legislation
A state senator in Georgia has introduced legislation that would enable state investigations into mortgage fraud.
read story from WALB
Feb. 3, 2010


MN Fraud Referrals UP 800%
The Minnesota Department of Commerce referred 45 cases of mortgage fraud, securities fraud and insurance fraud to outside authorities in 2009, up from five or fewer in previous years.
read story at Pioneer Press
Feb. 1, 2010


HUD Budget Includes $88 Mil for Fraud
The U.S. Department of Housing and Urban Development's fiscal-year 2011 budget continues FHA’s $20 million Combating Mortgage Fraud initiative.
read HUD budget proposal


Jan. 22, 2010


Mortgage Fraud Growth Slows
New government data indicate that mortgage fraud activity is beginning to ease.
read story at MortgageDaily.com
Date Defendants State Amount Overview News
Publication
Feb. 12 F. Jeffrey Miller, MO $25,000,000 Acquittal. Kansas City Business Journal
Feb. 12 Beverly A. Ross, Donella Locke IN $23,500,000 63-month sentence. Indianapolis Star
Feb. 12 Jonathan L. Boyd OH $469,000 in restitution 6-year sentence. IRS.gov

The Columbus Dispatch

Feb. 12 Joel D. Surprenant OR $241,000 in losses Guilty plea. Victims Bank of America First Franklin Financial corp. 7th Space
Feb. 12 James Fish, Kurt Warren Heintz MI $14,467,546 in losses 30-month sentence. Victims included IndyMac Bank, Fifth Third Bank, Bank of America, Independent Bank, Mercantile Bank, Union Federal Bank Daily Tribune
Feb. 11 John Mendoza, William Domingo HI 22 charges Guilty verdict. Honolulu Advertiser
Feb. 11 Sergio Natera, Anna McElaney CT price of $102,375 Guilty plea in fraudulent short sale. Acorn-Online.com

Grenwich Time

Feb. 11 Michael Lock, Nicole Brown WI multimillion-dollar Sentence of no prison. WTAQ

Journal Sentinel

Feb. 11 Jeremy Beadle, Rebecca Domecillo MO many transactions listed Indictment. St. Louis Business Journal

ST. LOUIS POST-DISPATCH

Feb. 10 Shauna Labee, Steven Grimm, Eve Mazzarella NV Losses exceeded $17,000,000 30-month sentence for Labee. IRS.gov
Feb. 10 Eric Krahnke, Michael Striker MN $4,000,000 37-month sentence. Star Tribune
Feb. 10 Michael Prieskorn, Richard Laho MN 70 transactions Not guilty plea. Pioneer Press

Star Tribune

Feb. 10 Ahmed Elbatrawy MN 11 properties. $35k fine and loss of RE license. Star Tribune
Feb. 10 Stephen G. Doherty, Edward McCusker, Jeffrey Bennett PA $14,600,000 Guilty plea on bankruptcy fraud. Philadelphia Daily News
Feb. 9 Donald Platten FL securities, mortgage and tax fraud totaling over $1 million 22-year sentence. Sun Sentinel
Feb. 9 Ayo Dineji Olaniyan, Gaile Diana Cates,Gerald Snow, Jerry Snow OK multiple sales, 1 for $215,000 Guilty pleas. Tulsa World

NewsOn6

Muskogee Phoenix

Feb. 9 Joel D. Surprenant OR losses of $315,000 Guilty plea in case where victim were Bank of America, First Franklin Financial Corp. OregonLive

KTVZ

Feb. 9 First City Funding CA 18 loans, 1 for $1 million Trial gets underway. The Recorder
Feb. 8 Craig Adams FL $200 million in property value Defendant turned FBI informant. WUSF
Feb. 7 president and owner of Homes for Sale by Owner Inc. FL 12 transactions 6-year prison sentence. Examiner
Feb. 6 Todd Leary, Joseph Garretson IN losses of $2 mil Guilty plea. The Journal Gazette

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