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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.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
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 March 12, 2010
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Mortgage Fraud News
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Case Activity
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March 10, 2010
Detecting Occupancy Fraud
FraudGUARD has been enhanced to detect occupancy fraud as a result of an increase in such schemes.
read full announcement
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March 7, 2010
SC Among Top-10 Mortgage Fraud Hot Spots
South Carolina has been recognized by the FBI as on of the nation's worst states for mortgage fraud.
read story at GreenvilleOnline.com
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Feb. 26, 2010
Mortgage Fraud Task Force Busy
A new fraud task force in Merced, Calif., has 20 active investigations going.
read story from Merced Sun Star
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Feb. 24, 2010
Mortgage Fraud Summit
The first of several events focusing on mortgage fraud was attended today by the U.S. Department of Justice, bank representatives and mortgage lenders.
read story from MortgageDaily.com
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Feb. 22, 2010
Fraud Prevention Guide Updated
The Federal Financial Institutions Examination Council issued an updated mortgage fraud prevention guide to help examiners understand, identify and detect mortgage fraud schemes.
read story from Bank Info Security
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Feb. 19, 2010
NY Officials Kick Off Mortgage Fraud Campaign
New York Mayor Bloomberg joined other city officials launched a campaign to combat mortgage fraud.
read story from New York Daily News
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Feb. 18, 2010
Risk of Valuation Fraud Skyrockets in CA Areas
The risk of mortgage fraud is higher in several areas of California than any other metropolitan areas of the country -- pushing the risk of fraud in the Golden State higher than in any other state. In fact, the risk of property valuation fraud has more than tripled in four California areas -- the worst in the country.
read story from MortgageDaily.com
Legislation Would Require ID Verification
U.S. Rep. Kenny Marchant (R-Texas) introduced the Mortgage E-Verify Act, which would require that the Department of Homeland Security's E-Verify program be used on agency loans to prevent illegal aliens from committing mortgage fraud.
read story from About.com
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| March 12 |
TRENT EDWARD WRIGHT |
GA |
restitution of $2,409,760 |
21-month sentence. |
Justice.gov |
| March 12 |
Emma Jean Holmes, Wildor Washington Sr. |
MO |
multiple loans |
Conviction. |
WIBW |
| March 11 |
James B. Duncan, Christopher Oetting |
CA |
$142,000,000 |
Bail denied. |
The Press-Enterprise |
| March 11 |
Jeff Townsend, Theodore Cardenas, John Karapournos, Razzak Khader, Zarak Khan, Sara Mian, Arfeen S. Ahmed, Choudhry Z. Muzaffar, Jason M. Powell |
IL |
$7,700,000 |
License revoked and was fined $20,000. |
Suburban Life Publications |
| March 10 |
Brett Depue, Brian Barney, Maria Ornelas |
NV |
forfeit up to $8.5 million |
Indictment. |
Justice.gov
LasVegasNow.com
KXNT Radio
LoanSafe.org
|
| March 10 |
Anthony Capuozzo, Paul Lesniak, Kathryn Clover, Uri Gofman, Gennadiy Simkhovich |
OH |
na |
Guilty pleas. |
The Plain Dealer |
| March 10 |
Brian Ragauckas |
NJ |
$513,700 |
Charges filed. Victim was Countrywide Bank. |
The Star-Ledger
The Record
|
| March 10 |
Bradley Aydelott, Roger Ritch, Carrie Snow, William T. McMahan, Jonathan Henderson |
TN |
$8,023,866 in restitution |
24-month sentence. |
Shelbyville Times-Gazette |
| March 10 |
Rolando Alonzo Cousins, Joy Jackson, Jennifer McCall |
MD |
forfeiture of $1.5 million |
Indictment related to Metropolitan Money Store. |
Huliq
Official Wire
|
| March 10 |
Martina Duran, Robert Arias |
NY |
$2,000,000 |
Charges filed. |
Associated Press |
| March 9 |
Timothy Lynn Beliveau |
MN |
$2,500,000 |
Guilty plea. |
Pioneer Press |
| March 9 |
Nicholas Ryan Delon Smith, Gerald James Greenfield, Brett A. Thielen, |
MN |
$2,500,000 |
Indictments. |
Savage Pacer |
| March 9 |
Thomas John Hunter, Frederick Earle Deen, Taylor Trump |
MN |
$20,000,000 |
Guilty plea. |
Press News |
| March 8 |
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36-month sentence. |
FBI.gov |
| March 8 |
Ira Kaufman, Elbert Reniva, Theodore Cardenas, John Karapournos, Razzak Khader, Zarak Khan, Sara Mian, Jeff Townsend, Arfeen Ahmed |
IL |
$7,700,000 |
Cited by state. |
ChicagoBreakingBusiness.com |
| March 8 |
John Bui |
CA |
$3.5 million in restitution |
41-month sentence. |
KLIV.com |
| March 8 |
Micah J. Beaumia, Jill M. Lehn |
MN |
$2,200,000 |
Guilty plea. New Century Mortgage Corp. was a victim. |
FBI.gov
Star Tribune
Alexandria Echo Press
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| March 8 |
Gerald James Greenfield, Brett A. Thielen, Nicholas Ryan Delon Smith |
MN |
$2,500,000 |
Indictment. |
Finance & Commerce
Star Tribune
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| March 8 |
Darnell Bell |
CA |
resulted in losses of between $20 million and $50 million |
Guilty plea. |
UNION-TRIBUNE
CourtHouseNews.com
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