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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.
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Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending March 23, 2012
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Mortgage Fraud News
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Case Activity
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Wells Fargo is Victim in Indiana Scheme
March 22 -- A 47-year-old Zionsville, Ind., man was sentenced to 30 months in prison by U.S. District Judge Jane E. Magnus-Stinson Wednesday, March 14.
read story at MortgageDaily.com
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Attorney Admits Role in FHA Fraud Scheme
March 21 -- A New Haven, Conn., lawyer pleaded guilty Tuesday to making a false statement to the U.S. Department of Housing and Urban Development in connection with a real estate closing, the U.S. States Attorney's Office said today in a statement.
read story at MortgageDaily.com
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$31 Million in Fraud Netted Foreclosure Rescue Operator $11 Million
March 21 -- Anthony J. DeMarco III pleaded guilty on Tuesday to conspiracy and fraud charges connected to a mortgage foreclosure rescue scheme involving $31 million in fraudulent loans on 120 properties, the U.S. Attorney's office in Philadelphia said.
read story at MortgageDaily.com
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Farm Financed with Fraud
March 21 -- A co-defendant facing allegations of participation in a fraudulent real estate transaction involving Healthy Family Farms testified Monday that he let Sharon Palmer use his name and good credit rating so she could get a loan to buy the farm.
read story at MortgageDaily.com
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Title Agency Owner Helped Broker Obtain Fraud Loans
March 19 -- The last of three people, accused of running a mortgage fraud scheme in Broward, was charged with four counts of wire fraud on Thursday, according to U.S. Attorney Wifredo A. Ferrer.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Mar. 23 |
Steven Grimm, Eve Mazzarella |
NV |
$107,000,000 |
Grimm sentenced to 25 years prison; Mazzarella previously sentenced to 14 years prison. |
LVRJ.com |
| Mar. 23 |
Raúl A. Morales-Guanill, Rafael Antonio Pina-Nieves (aka "Raphy Pina"), Orlando Javier Sierra-Mercado (aka "Chiquitín," "Chiqui"), Wilson Álvarez-Luna |
Puerto Rico |
$4,071,652 |
Indictments. |
Department of Justice |
| Mar. 23 |
Randy Alan Carpenter, Anthony Porter, Frank Amelung, John Kevin Foster, Michael Yeomans, Neil O'Rourke |
NC |
$108,000,000 |
Carpenter indicted. Others previously pleaded guilty. |
Department of Justice |
| Mar. 22 |
Ronald Tate |
DE |
$1,000,000 |
Sentenced to 2 years prison. |
Department of Justice |
| Mar. 22 |
William Camsell Wells III, Ronnie Edward Duke, Anthony Edward Peters, Ryan Andrew Zundel |
MI |
$100,000,000 |
Wells entered guilty plea. Duke indicted, Peters and Zundel will be sentenced in Summer 2012. |
WHMI.com |
| Mar. 22 |
Nancy Peterson Kennedy |
SC |
Multiple properties |
Convicted. |
MortgageDaily.com |
| Mar. 20 |
Shawna Lea Pennington |
ID |
Undisclosed |
Guilty plea. |
Department of Justice |
| Mar. 20 |
David Avigdor, Marshall Asmar, Morris Olmer, Rab Nawaz, Wendy Werner, Thomas Gallagher, Syed Babar, Nathan Russo, Alicia Martineau |
CT |
Multiple properties |
Avigdor pleaded guilty. Previous sentences include: Babar to 10 years prison, Nawaz to 90 months prison, Olmer to 60 months prison, Gallagher to 60 months prison, Asmar to 52 months prison, Werner to 48 months prison, Russo to 30 months prison. Martineau awaits sentencing. |
MortgageDaily.com |
| Mar. 20 |
Delton de Armas, Lee Bentley Farkas, Paul Allen, Raymond Bowman, Desiree Brown, Catherine Kissick, Teresa Kelly, Sean Ragland (Taylor, Bean & Whitaker Mortgage Corp.) |
DC |
$2,900,000,000 |
Armas pleaded guilty. Previous sentences include: Farkas to 30 years prison, Allen to 40 months prison, Bowman to 30 months prison, Brown to 6 years prison, Kissick to 8 years prison, Kelly to 3 months prison, Ragland to 3 months prison. |
Department of Justice |
| Mar. 20 |
Anthony J. DeMarco III, Michael Richard Roberts, Sean Ryan McBride, Eric Bascove |
PA |
$30,000,000 |
DeMarco pleaded guilty. Roberts, McBride, Bascove previously pleaded guilty. |
Department of Justice |
| Mar. 19 |
Joseph Bowen Brown, Benjamin Jackson (7 total) |
AZ |
$10,000,000 |
Brown sentenced to 51 months prison. Jackson previously sentenced to 13 months prison. |
Department of Justice |
| Mar. 19 |
Larry Otting, James Stewart, Sharon Palmer, Victoria Bloch |
CA |
$1,100,000. Rabobank a victim lender. |
Otting testified. Stewart, Palmer, and Bloch pleaded not guilty. |
MortgageDaily.com |
archived case entries back to 2005
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