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Week Ending March 19, 2010


Mortgage Fraud News

Case Activity

March 15, 2010

SC Fraud "Staggering"
Former U.S. attorney for South Carolina, Reggie Lloyd, said mortgage fraud cases "are staggering right now."
read story from The Greenville News

Foreclosure Mortgage Fraud Rising
A new type of scheme has listing agents form separate partnerships buying foreclosed or short-sale properties from the banks at a huge discount and quickly sell at a big profit.
read story from Modesto Bee

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
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
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
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
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
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
Date Defendants State Amount Overview News
March 19 Julian James Ruiz III OR $469,500 in restitution 61-month sentence. Portland Business Journal
March 19 Ana Monteiro, Aaron R. Dare NY millions of dollars Conviction. Times Union
March 18 Micaiah Pruitt, Jeanelle Richardson, Pierre Sowell, Reginald Davis TX restitution of $2,458,480 71-month sentence. KLTV
March 18 Vance Yukio Inouye, Debbie Aurelio Fagaragan HI $274,000 in restitution 5-month sentence. KITV 4 News Reporter
March 18 Joseph Miller, Robert Hofler, Steve Vento, Peter Hartofilis FL na Indictment. Victims include Washington Mutual Bank, FA; First Magnus Financial Corp., Novastar Mortgage Inc. WPTV

BizJournal indictment

March 18 Natasha Swallows-Feagins, Samuel Dobos , Georgiana Dobos AZ 26 home. Guilty plea. KPHO
March 18 Patricia Smith, Jamilah Smith NJ na Indictments. FBI Examiner
March 18 Anthony B. Grant, Antonio B. Grant, Michael D. Holmes, Nathan Seppala, Sandra Kinnunnen SC 33 loans Guilty pleas. Live 5 News



March 18 Tashia Bodden RI $1,700,000 1-day sentence. The Associated Press
March 17 William S. Poff; Humberto A. Reyes-Rodriguez, also known as Tony Reyes; Alexis Ikilikyan, also known as Haikanush Ikilikyan; Micki S. Thompson; Mario A. Marroquin WA $18,000,000 Conviction.


Seattle PI

March 17 Harris Poulikidis MO na Arrest. FBI

The Associated Press

Kansas Public Radio

March 17 Richard Nanan, Mark J. Moncher FL $3,700,000 1-year sentenc for Taylor Bean and Whitaker loss mitigator. Orlando Sentinel

Florida RealEstateRama

March 17 Carlos Cano, Robyn Colon, Jose L. Colon, Maria L. Lozada FL $6,000,000 Charges filed. The Associated Press
March 17 John Barry, Travis Jones, Allyson Barry, Joy Beckner, Sheri Brower, Julie Hanley, Elaine Powers, Michelle Strickland, Shannon Jensen, Frank Field, Rita Hunter, Andrea Tannahill, Azza Bassiouny, Tim Dreslinski, Jared Gowans, Chris Howard, Kamilla Kirch, Patty Peery, Allison Ridgeway a/k/a Allison Raymond a/k/a Allison Hutsell, Liz Smittle, Daniel Ayers, Debbie Fernie, Anthony Flores, Elizabeth Altizer, Pamela Ford, Josh Melton, William Doug Mitchell, William Barry, Christopher Feagan, Debbie Friedman, Patrick Johnson, Travis Jones, Delisa Kearney, Francis Kearney, Barbara Muzeni, David Muzeni, Kathleen Muzeni, Brett Relander, David Sacco, Ellen Summers, Clarence White TX $20,000,000 Charges filed. FBI

The Dallas Morning News

The Dallas Mornings News copy of indictment

CBS 11


KERA defendant listing


March 16 40 defendants TX 114 properties Arrests. THE ENTERPRISE
March 16 Troy Bossert, Stephen Petrovich, Steven Reese, Tyler Forrey, Ryan O'Brien FL $4,200,000 Plea hearing scheduled. Cape Coral Daily Breeze
March 16 Brett A. Thielen, Nicholas Ryan Delon Smith, Gerald James Greenfield MN $2,500,000 Indictment. Shakopee Valley News
March 15 Rolando Alonzo Cousins, Joy Jackson, Jennifer McCall, Kurt Fordham, Richard Allison MD $16,000,000 Indictment in Metropolitan Money Store case. Gazette
March 15 Nancy Hernandez-Chavez, Noemi Perez Hernandez, Manuel "Manolo" Vargas-Colon, Iris Yadith Ortiz Rodriguez, Eric Samuel Pastrana-Miray, Luis Fernando Capo-Ramos PR $4,400,000 Indictments. PRNewswire
March15 Gregory S. Chew, Richard C. Confer Jr. OH $17,000,000 Convicted. Dayton Daily News


March 15 Mario G. Bernadel AZ $9,500,000 in losses 17-year sentence. FBI


Associated Press

March 15 Trent Edward Wright, Edward William Farley GA $2.4 million in restitution 9-month sentence. Access North GA
March 15 Michael Milan MD up to $7 mil in losses 9-year sentence. Washington Examiner

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