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Fraud
Stories
From
Patrick
Crowley
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Fraud
News Wire
| Last Updated |
Friday, March 30,
2007, |
04:49
PM |
Texas
Time |
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Crooked Lawyers
A former Kansas elected official who is in trouble along with her
attorney husband for alleged mortgage fraud highlights the latest edition
of Lawyers Gone Wild.
Katheryn Shields, 60, the former Jackson County executive and her
husband, attorney Philip Cardarella, 59, have been indicted along with
nine other people on federal charges of "conspiracy and wire fraud for
their role in a scheme to engage in mortgage fraud," according to a
statement from U.S. Attorney Bradley Schlozman.
"This case represents another tragic example of intelligent individuals
-- including lawyers and prominent elected officials -- thumbing their
noses at the law in the pursuit of quick and easy cash," said Schlozman,
the U.S. Attorney for the Western District if Missouri in Kansas
City.
The couple could not be reached to comment, but they have maintained
their innocence in published reports.
MortgageDaily.com
subscribers read Patrick's full story
Legislator
Accused of Foreclosure Fraud
The Maryland Attorney General is looking
into claims
that a state legislator duped a woman into
selling
her home to him.
In a lawsuit filed in Anne Arundel County
Circuit
Court, Teresa Milligan accuses Maryland
State Delegate
William "Tony" McConkey, a Republican and a
real
estate broker, of foreclosure rescue
fraud.
McConkey has denied Milligan's claims that
he somehow
tricked Milligan into singing over her
house to
him.
Kevin Enright, a spokesman for Maryland
Attorney
General J. Joseph Curran, confirmed to
MortgageDaily.com
that the attorney general's office is
"looking into
the matter."
MortgageDaily.com
subscribers read Patrick's full
story
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March 30, 2007
Beazer Subpoenaed
Allegations of mortgage fraud at the lending
subsidiary of a publicly-traded homebuilder
have led to a grand jury subpoena.
read story from MortgageDaily.com
Delinquent Borrowers Deceived
A flyer advertising foreclosure assistance was
enough for one borrower to end up losing $60,000
in equity.
read story from CBS4
Bad Broker
Mortgage broker Robin Neil Snyder and his company
Mortgage Bankers Ltd. were indicted for taking
loan application fees for mortgages that could
not be funded.
read story from the Daily Record
Police Promote Legislation
Miami-Dade police detectives, who are overwhelmed
with recent cases of mortgage fraud, helped
initiate HB 359 -- new legislation designed
to crack down on real estate fraud.
read story from the Chicago Tribune
Realtor Scams Clients
Unlicensed real estate broker Sayeda Moin of
Long Island was charged with defrauding investors
out of more than $600,000 in cash and property.
read story from the Queens Chronicle
Phishing Credit Bureau
Databases
Michael Hartsell, through his company First
Choice Mortgage, is accused of leading a crime
ring that stole $1 million by obtaining personal
identification information from credit bureau
databases.
read story from the San Diego Union Tribune
Politician Preventing Property
Theft
Philadelphia City Councilman Bill Greenlea has
introduced a bill aimed at stopping property
identity theft.
read story from KYW NewsRadio 1060
Home Grant Ads a Scam
The Office of the Comptroller of the Currency
reported borrowers were being fraudulently solicited
for unavailable grants for their homes.
read story from the Houston Chronicle
Family Crime Business
Brothers Ramzy and Kamal Moumneh are accused
of stealing more than $2 million in home equity
while Chuong X. Dam, 33, Demetrios J. Voiklis,
32, and Kimberly Brothers, 28, were alleged
to have helped the brothers in foreclosure fraud
through First Hanover Mortgage Corp.
read story from St. Petersburg Times
Worst Choice Mortgage
First Choice Mortgage was operated as a bogus
company by four people to deceive people into
giving up their personal information.
read article at KPBS
read story from KPBS
Dead Fraud
Mark S. Edwards and co-defendant Mark D. Musselman
of Vandalia, Ohio-based Phoenix Funding Inc.
obtained nearly a dozen loans on behalf of deceased
persons.
read story from the Daytona Daily News
March 29, 2007
Clearinghouse
Fights Fraud
Swift justice -- all but impossible for the
unsuspecting targets of criminal fraud
Fake LO Accused of Fraud
Elvia Rosas Diaz, who allegedly worked as a
receptionist but represented herself as a loan
officer to several customers, is accused of
stealing more than $30,000 from mostly undocumented
Spanish-speaking immigrants who gave Diaz down
and other payments to obtain mortgages but instead
found their money was taken because the business
closed its doors.
read story from Yahoo! News
Ex-weatherman Seeks Probation
While Kimberly Lynn Jones received an eight-month
sentence for submitting false home sales amounts
to help former weatherman Neal Pascal obtain
mortgages worth more than the properties, an
attorney says Pascal inflated sales prices but
paid off the loans, thereby should get probation
rather than six months in prison.
read story from The Chattanoogan
Family Arrested for Mortgage
Fraud
Victor Ortiz-Rivera, his wife Minerva Rolon-Garcia
and two daughters Nydia Ortiz and Nixalis Gotary,
a mortgage broker, were arrested for allegedly
orchestrating a scheme in which they would help
borrowers into home loans but then use their
personal information to get second loans for
second homes without the victims' knowledge.
read story from WFTV
March 28, 2007
Mortgage Fraud Alleged
at Homebuilder
Federal investigations into Beazer Homes USA
Inc. center around mortgage fraud allegations
at its mortgage unit. Among federal agencies
investigating the company are HUD's Office of
Inspector General, the Internal Revenue Service,
the FBI and the U. S. Attorney's office.
read story from MortgageDaily.com
Mortgage VP Charged with
Stealing
Joan Walton, a former vice president of Ameribanq
Mortgage Group, is accused of stealing $99,000
by diverting into her own account, rather than
parent American Home Bank's account, about 75
checks issued for consumer overpayments on mortgages
or for payment of mortgage transaction services.
read story from Lancaster Newspapers
Builder's Mortgages Under
Probe
The FBI, Internal Revenue Service and the Justice
Department have opened a joint criminal investigation
of Beazer Homes USA Inc. for any potential fraud
associated with its corporate, mortgage, investment,
or other practices.
read story from Yahoo! Finance
March 27, 2007
Bank
Selects Money Laundering Detector
Midwest Bank & Trust Company selects GIFTS
Software's anti-money laundering solution.
Developer to Face Fraud
Charges
Reynaldo Diaz is slated to be arrested on charges
relating to taking $940,000 from the Miami-Dade
Housing Agency that was supposed to go toward
building 28 affordable homes, but instead he
produced two homes and diverted thousands to
an unrelated project, making him the third developer
to allegedly misuse the agency's housing funds.
read story from the Miami Herald
March 26, 2007
Predatory
Loan Detection in Lending Solution
Mortgage lenders now able to perform instant
compliance reviews from within the loan file.
Mortgage Scams Surfacing
Amid Delinquency
Amid the rising tide of subprime loan delinquencies
-- with nearly 14.5 percent of adjustable-rate
mortgages in this market in delinquent status
in the fourth quarter, predatory loans robbing
equity from borrowers and "foreclosure
rescue" are surfacing.
read story from the Reuters
Judge Upholds Lawyer's
Conviction
A judge upheld the civil racketeering conviction
of Victoria Sprouse, a lawyer charged in a mortgage
fraud scam in February, but has reduced the
damages awarded to SouthStar Funding Inc.
read story from the Charlotte Business Journal
Mortgage Fraud 101
Mortgage fraud can be done through something
as simple as misstating employment on a loan
application or through false bank statements,
but the most significant form is in falsifying
occupancy.
read story from the Reno Gazette-Journal
Woman Ran Scam from Prison
JRhonda Turpin is back in prison serving a 15-year
sentence for running a massive identity-theft
scam, including through a friend at mortgage
company that provided credit reports, to get
$300,000 in fraudulent bank loans, checks and
tax returns -- some of this while in prison
for nearly a year.
read story from The Plain Dealer |
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Patrick
Crowley is fraud journalist for MortgageDaily.com
and a reporter and columnist
for The Cincinnati Enquirer.
Email Patrick at: PatCrowl
ey@FraudBlogger.com |
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