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Week Ending March 9, 2012


Mortgage Fraud News


Case Activity


Florida Woman Heading to Prison
March 8 -- A Coral Springs woman was sentenced to a year and a day in federal prison Wednesday for her role in a multi-million dollar mortgage fraud scheme, court records show.
read story at MortgageDaily.com
Waxhouse Case Yields More Charges
March 7 -- Federal prosecutors in Charlotte, N.C., Tuesday filed charges against another defendant in the long-running mortgage fraud investigation known as Operation Wax House.
read story at MortgageDaily.com
Criminal Elements in Real Estate Finance
March 7 -- The latest roundup of mortgage-related crimes includes three bid-rigging cases in California, corporate fraud by senior executives and mortgage fraud. Other cases involve embezzlement and fraudulent reporting on more than $2 billion in subprime residential mortgage-backed securities.
read story at MortgageDaily.com
(subscription required)
6 Charged, 2 Sought in $5.8 million Scheme
March 7 -- Six people were charged with defrauding banks and investors out of $5.8 million in an orchestrated home-buying scheme, police said Monday.
read story at MortgageDaily.com
80% of SARs for Fraud from at Least 3 Years Prior
March 5 -- Banks and credit unions filed far fewer reports of suspected mortgage fraud in the latest quarter, though year-over-year activity was up. Four out of five reports filed were on fraud that happened at least three years prior.
read story at MortgageDaily.com
(subscription required)
More Crimes Emerge from Russian Crime Ring
March 5 -- A federal mortgage fraud probe that has produced criminal charges against dozens of people in Sacramento's Russian American community is spinning off new white-collar investigations.
read story at MortgageDaily.com
Wisconsin Using 10% of Servicer Settlement for Fraud
March 5 -- The state Department of Justice plans to use up to $3 million of the $31.6 million given directly to the state of Wisconsin under the $25 billion multi-state mortgage settlement to identify, investigate and prosecute mortgage and other financial fraud, executive assistant Steve Means said.
read story at MortgageDaily.com
3-Year Sentence for Former Florida Cop
March 5 -- A former Plantation, Fla., police officer was sentenced to three years and seven months in federal prison on Friday and ordered to pay close to $3 million in restitution for his role in a South Florida mortgage fraud.
read story at MortgageDaily.com
Slumlord Charged With $10 Million in Fraud
March 5 -- A real estate investor once described by tenants as a "millionaire slumlord" was charged Friday with defrauding banks of $10 million in an effort to shore up his rowhouse empire in Kensington and Port Richmond.
read story at MortgageDaily.com

Date Defendants State Amount of Loans Overview Source
Mar. 8 Jinnie Mathurin, Guhier Florvilus, Michelle Austin-Wilks FL $2,835,000 Mathurin sentenced to 1 year 1 day prison plus 3 years supervised release and $1.17 million in restitution; Florvilus awaits sentencing, Austin-Wilks indicted. Department of Justice
Mar. 8 Charles Donaldson, Mary Anne Dean MD $4,700,000 Donaldson sentenced to 41 months prison plus 3 years supervised release. Dean scheduled to be sentenced on 3/22/12. Department of Justice
Mar. 8 Paige Kinney (aka Jamie Lee Lawler) AZ $40,000,000 Sentenced to 15 years prison plus $22 million restitution. Department of Justice
Mar. 7 Dan Oaheyoh Two Feathers MT Approximately $2,000,000 Guilty plea. Sentencing set for June 15. Department of Justice
Mar. 7 Michael Diaz, Sandra Janell Duque, Roy Raul Gordon, Bernedette Hutchins, Lavett Jones, Claudette Lattie, Verna M. Leach, Decheryl Marshall, Lourdes Nichols (aka Lourdes Martinez), Kenol Paul, Felix A. Perez, Jacqueline Lagay Robinson, Trudy Robinson, Chiquitta Lashun Salter, Trisketa Thomas FL At least $963,000 Indicted. Office of the State Attorney for the Fifteenth Judicial Circut in and for Palm Beach County
Mar. 7 Alvin Ashby NY Not specified Indicted. Kings County District Attorney
Mar. 7 Margarita Alava NY More than $88,000 Indicted. Kings County District Attorney
Mar. 7 Jonathan Smith NY Multiple properties Indicted. Kings County District Attorney
Mar. 7 John Rondell, Van Mobely, Josef Perlstein, Rene Tenpow, Eleanora Temis NY $1,600,000 Indicted. Kings County District Attorney
Mar. 7 Sal Lauria NY $350,000 Indicted. Kings County District Attorney
Mar. 7 Michael Capodici NV $8,000,000 Sentenced to prison. LVRJ.com
Mar. 7 Jinnie Mathurin FL $2,800,000 Sentenced to 1 year and 1 day prison plus $1.17 million in restitution. MortgageDaily.com
Mar. 6 Al Siapno, Leila Siapno, Matthew McIntyre, David Berkenfield, Kristin Berkenfield (26 total) CA Multiple properties Guilty pleas. U.S. Immigration and Customs Enforecment
Mar. 6 Brett Depue NV Multiple properties Convicted. CoshoctonTribune.com
Mar. 6 Kirk Anthony Hillian (Operation Wax House case) NC $100,000,000 Indicted. MortgageDaily.com
Mar. 6 Christopher Scott Walters MO $236,983 Sentenced to 5 years probation, 6 months confinement, plus 12 months electronic monitoring and $236,983 restitution. Department of Justice
Mar. 6 Robert W. Dufresne, Jr. MN $5,000,000 Sentenced to 97 months prison and $6.5 million restitution. Department of Justice
Mar. 5 Patel Abdul Rashid, Abdul Basit, Yolanda Hernandez, Jesus Fernando Alvarez, Juan Luis Quevedo, Eimy Rodriguez FL $5,800,000 Indicted. MortgageDaily.com

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