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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.
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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 25, 2011
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Mortgage Fraud News
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Case Activity
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Mar. 25, 2011
Suicide Follows Fraud Conviction
Just three months after being convicted of mortgage fraud, a former Florida general contractor apparently ended his own life.
read story at MortgageDaily.com
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Mar. 23, 2011
Bank Chief Defrauded His Own Bank
The former chief of a failed Georgia bank was apprehended this week as he returned from the West Indies. Along with another bank executive, he is accused of committing mortgage fraud on multi-million dollar commercial real estate loans.
read story at MortgageDaily.com(subscription required)
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Mar. 23, 2011
One of 5 defendants pleads guilty in fraud case
March 23--NEW HAVEN, Conn. -- A day after a key figure in a multimillion-dollar mortgage fraud trial decided to plead guilty, attorneys for the remaining five defendants took turns in U.S. District Court Tuesday grilling a Groton man at the center of the case.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Mar. 25 |
Alicia Martineau |
CN |
$120,000 |
Guilty plea. |
Justice.gov |
| Mar. 24 |
Joseph Dintino |
KS |
$756,000 |
Indicted. |
bizjournals.com |
| Mar. 24 |
Sheila Chandler, Gordon B. Rainey, Randall B. Causey, Jeffrey Julkes, Eloise Blackmon |
IN |
$301,247 |
Guilty plea from Chandler. |
Justice.gov
Nwitimes.com |
| Mar. 23 |
Stephen Netherton, Shawn Bramlett, Billy McDaniels, Dane Little, Kyle Kark and Mark Hack |
KY |
19 properties totaling nearly $5,000,000 |
Defendants plead not guilty. |
Justice.gov
Wave3.com |
| Mar. 23 |
Eugene Lockhart Jr. |
TX |
$20,000,000 |
Arrested. |
The Dallas Morning News |
| Mar. 23 |
Lorie Westerfield, Freddie Johnson (12 total) |
IL |
$3,200,000 |
Sentences: Attorney Westerfield convicted of Bankruptcy Fraud; found guilty on 3 accounts of wire fraud, acquitted on one account. Co-defendants pleaded guilty, awaiting sentencing. |
Justice.gov
FBI.gov |
| Mar. 23 |
Thomas Gallagher, Kenneth Perkins, Rab Nawaz, David Avigdor Wendy Werner |
CT |
$10,000,000 |
Appraiser-police commissioner Gallagher pleads guilty. |
Norwich Bulletin, Justice.gov |
| Mar 22 |
Matthew Flynn |
MI |
$4,750,000 |
Indicted. |
Department of Justice |
| Mar. 22 |
Frederick Ugwu (more than 12 total) |
NJ |
$1.6 million in restitution |
Sentenced to 50 months in federal prison. |
Justice.gov
Strausnews.com |
| Mar. 21 |
James C. Alberts |
VA |
$1.7 million in restitution |
Sentenced to 18 months. |
FBI.gov |
| Mar. 21 |
George Guldi |
NY |
$863,473.30 in restitution |
Sentenced to 4-12 years plus restitution. |
Suffolkcountyny.gov
Newsday.com |
| Mar. 20 |
MARK A. CONNER, Clayton A Coe |
GA |
$5,000,000 in unlawful gross proceeds |
Indicted |
Justice.gov |
archived case entries back to 2005
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