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Archives February 19, 2006

 


 
Fraud Stories From
Patrick Crowley



Fraud Wire



Full Service Fraud Forms
An accountant has been charged with running what prosecutors have described as a clearinghouse for fake documents -- including phony pay stubs -- used to obtain mortgages, loans and federal assistance.

Abrar Haque, 44, of Berea, a Cleveland suburb, was selling the bogus documents for $75 to $300, according to the U.S. Attorney's office in Cleveland. He has been charged along with 15 others in a 79-count federal indictment. The charges against Haque include racketeering, wire fraud, bank fraud, money laundering, health care fraud and conspiracy.

Also charged were Haque's wife, Nuzaira Haque, and two of his business partners, Mohammed Shahabuddin and Omar Abedrabbo. Ten employees, former employees and clients of Haque's accounting firm were also charged with offenses that include wire fraud, mail fraud, false statements and aiding and abetting immigration fraud.

In addition to running an accounting business, Haque is also one of the founders of a Cleveland area mosque and Islamic school. The charges against him include allowing school employees to avoid paying taxes by not withholding taxes from their salaries.

read the rest of Patrick's story at MortgageDaily.com
(subscription required)


Fake Paystubs Online
A Florida Internet company has allegedly offered online services for mortgage loan applicants that needed fake paystubs.

NoveltyPayCheckStubs.com, operating out of Tampa, has boasted that for $89.95 it can make "authentic looking (paycheck) stubs" that "will definitely fool anybody."

But a legitimate payroll company has gone to court with a trademark infringement lawsuit against the now-defunct Web site.

And The Florida Attorney General has launched a civil investigation of the company.


read all of Patrick's story at MortgageDaily.com
(subscription required)


February 17, 2006


County Clerk Helps Prevent Home Stealing
A county clerk has started mailing green audit postcards to property owners whenever a quit claim deed is recorded.
read story from the Quincy Herald-Whig .


Wife of Former DA Charged With Fraud
Debbi Fitzpatrick, the wife of a former Philadelphia district attorney, was arraigned for, among other things, forging her husband's name on fake mortgage documents to extract money from investors for a nonexistent musical revue called "Phantom of the Opera."
read story from the Philadelphia Daily News .


Mortgage Broker Helping Investigators
Mortgage broker Gil Gotlieb has been cooperating with investigators and will most likely plead guilty to helping Raymond Delacruz execute an elaborate fraud scheme.
read story from the Plain Dealer .


6 Arrested in $3.7 Million Scam
Jerry A. Hart, Edward Albart and Miami residents Maria Victoria Marrero, Margarita A. Aranegui-Lindsey, Gregory F. Pillon and Darryl Pillon were arrested on Wednesday in connection with a mortgage fraud scheme that cost mortgage companies more than $3.7 million.
read storyu from the Ocala Star-Banner .


10 Charged in MS Scheme
The U.S. attorney's office in Jackson, Miss., filed charges Thursday against 10 people suspected of obtaining more than $600,000 through fraud .
read story from The Clarion-Ledger .


MCA President Headed to Prison
Lee P. Wells, the former president and chief operating officer of MCA Financial Corp., was sentenced to five years in prison and ordered to repay $242 million for deceiving investors about the value and performance of mortgages and land contracts.
read Associated Press story .

read about MCA saga at MortgageDaily.com .


Obama Legislation Would Create Mortgage Broker Database
Sen. Robert Menendez (D-N.J.) and Sen. Barack Obama (D-Ill.) have cosponsored federal legislation that would impose new penalties for mortgage fraud while creating a national mortgage broker database.
read story from the Star-Ledger .


February 16, 2006


Pastor's Son Charged With Mortgage Fraud
Vaston Fairley, the son of a senior Baptist pastor, and attorney Kim Castle plead not guilty to federal charges of mortgage fraud.
read story from the Hattiesburg American .


Credit Bureau Jumps into Fraud Prevention Business
A Florida-based credit agency has partnered with a mortgage fraud lecturer to boost its stake in the mortgage fraud prevention business.


February 15, 2006


Dimented Elderly Man's Home Stolen
Anthony Marcellus Johnson pleaded guilty to tricking an elderly man with dementia out of his home.

read story from The Capital .


Guilty Plea in $50 Million Case
Clarence D. Harris, operator of Check First Mortgage, has agreed to plead guilty to mortgage fraud charges involving low-price properties.
read story from the Cincinnati Enquirer .


Rising Democrat Proposes Stepped-Up Fraud Fighting Resources
Sen. Barack Obama (D-Ill.) proposed a mortgage fraud bill that would increase funding for law enforcement programs, create new criminal penalties for convicted mortgage professionals and require industry insiders to report fraudulent-appearing activity.
read story from the Chicago Tribune .


February 14, 2006


Co-Defendant Sentenced in High Profile Case
John D. Myers, co-defendant in case against former congressional candidate Adam Taff, was sentenced to prison for mortgage fraud.
read story from The Kansas City Star .


Ohio Becoming Fraud Capital
Ohio holds most of the top-five markets expected to be fraud hot spots over the next year or so, according to a provider of mortgage risk assessment and fraud prevention solutions.
read story from MortgageDaily.com
(subscription required)


Fool Foiled by Fraud Filter
A $200,000 refinance loan that was pending funding was found to be bogus by a fraud prevention filter.


Seeds of Fraud
While it may seem insignificant to go along with a loan originator's suggestion to help overcome income issues, it may also be a felony.
read story from The Open Press .


February 13, 2006


2 Face Charges
Michael T. Cox and Jacquelyn B. Mosley were charged in a Mississippi mortgage fraud scheme -- but neither has been indicted.
read story from the Hattiesburg American .


Texas Size Fraud
Charles Burgess is charged with conspiracy, bank fraud, mail fraud and wire fraud for ochestrating 40 fraudulent real estate transactions in North Texas from 2002 through 2004.
read story from the Dallas Morning News .


Mortgage Employee Helped Launder Drug Money
Kimberly McGuinness, who worked at American Funding Group, has pleaded guilty to a scheme to launder money for drug dealers.
read story from WHIO-TV 7 .


Poconos Title Co. Owner Seeks Dismissal in Fraud Case
Anita Peterson, owner of Mountain Valley Abstract in Stroudsburg, Pa., asked that charges that she tampered with closing documents be dismissed.
read story from the Pocono Record .


Rapper Caught Trying to Bribe Cop in Mortgage Fraud Case
Steven "Trigga" Picard, an aspiring rapper, tried to bribe a New York police officer on behalf of friend William Surin -- who is accused of $8.5 million in mortgage fraud.
read story from the New York Post .


Company, Employees Vanish Amid Massive Mortgage Fraud
The FBI is trying to track down employees of American Macro Growth Mortgage, which shut down last November and is accused of committing between $40 million and $100 million in mortgage fraud.
read story from North Jersey Media Group

 
Patrick Crowley is fraud journalist for MortgageDaily.com and a reporter and columnist for The Cincinnati Enquirer.

Email Patrick at: PatCrowley@FraudBlogger.com
 
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