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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.
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Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending March 9, 2012
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Mortgage Fraud News
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Case Activity
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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
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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
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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)
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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
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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)
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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
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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
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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
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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
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| 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 |
archived case entries back to 2005
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