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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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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 April 6, 2012
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Mortgage Fraud News
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Case Activity
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Straw Buyer Sees 2-Year Sentence
April 5 -- A straw buyer in a Jose Guzman-led scheme to defraud mortgage lenders was given two years in prison today in Hartford, Conn.'s, U.S. District Court.
read story at MortgageDaily.com
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Attorney Sentenced for $3.6 Million Fraud by Employees Son
April 5 -- A Trumbull real estate lawyer has been sentenced to two years and three months in federal prison after pleading guilty in connection with a long-running real estate scam that cost lenders more than $3.6 million.
read story at MortgageDaily.com
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FBI Sees Mortgage Fraud Morph into Rescue Schemes
April 5 -- The FBI has remade itself in the post-9/11 era to focus on counterterrorism, but the agency continues to battle major financial fraud in key areas familiar to South Florida, like mortgages and healthcare as well as corporate and securities violations, FBI director Roberts Mueller told a lunch audience at the Greater Miami Chamber of Commerce Wednesday.
read story at MortgageDaily.com
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Title Firm Chief Tracked Down in Jamaica
April 5 -- A Parkland, Fla., woman pleaded guilty on Wednesday to her role in two mortgage fraud schemes, worth about $12 million, in Broward and Palm Beach counties.
read story at MortgageDaily.com
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Mortgage Broker a Major Player in SC Fraud Case
April 5 -- A federal judge has issued an arrest warrant for Jeremy Eason, a former Myrtle Beach, S.C., mortgage broker who is accused of playing a major role in a widespread mortgage fraud scheme that cost banks millions of dollars during last decade's real estate boom along the Grand Strand.
read story at MortgageDaily.com
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OK Man Sentenced for Loan Fraud, Ponzi Scheme
April 4 -- A Tulsa, Okla., man whom a federal prosecutor called "an embezzler that was running a Ponzi scheme" was sentenced Tuesday to a year in custody and ordered to pay more than $300,000 in restitution to two area banks.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Apr. 6 |
Alan Goings |
IN |
Multiple properties |
Sentenced to 6 months prison. |
Department of Justice |
| Apr. 6 |
Stephen C. Netherton |
KY |
$5,000,000 |
Sentenced to 24 months prison plus $870,000 in restitution. |
Department of Justice |
| Apr. 6 |
Edwin Parada |
CA |
$2,000,000 |
Pleaded guilty. |
SFAppeal.com |
| Apr. 6 |
Carolyn S. Ethridge, Mark Allen Ethridge |
TN |
$1,000,000 |
Each sentenced to 1 year and 1 day prison. |
Department of Justice |
| Apr. 6 |
Sergio Natera, Anna McElaney |
CT |
$132,500 |
Natera sentenced to 2 months prison plus 3 years supervised release; McElaney previously sentenced to 8 months prison plus 6 months home confinement. Regions Bank a victim lender. |
Department of Justice |
| Apr. 6 |
Samuel Paul Bain |
CA |
$3,890,000 |
Judgment filed. |
Federal Trade Commission |
| Apr. 5 |
Stephen C. Netherton |
KY |
$5,000,000 |
Sentenced to 2 years prison plus $870,000 in restitution. Wells Fargo, Bank of America, Accredited Home Lenders, Primary Residential Mortgage Co. and First Franklin Finance Co. victim lenders. |
BizJournals.com |
| Apr. 5 |
Ronald L. Byrd, Scott W. Brauer |
OH |
$474,000 |
Indictments. |
Department of Justice |
| Apr. 5 |
Lucy Cordeiro DeMelo, Gary Snook |
CT |
$1,000,000 |
DeMelo sentenced to 6 months and 1 day prison plus 6 months home confinement, 3 years supervised release and $828,104 in restitution. Snook previously sentenced to 2 years prison plus $1.3 million restitution. |
Department of Justice |
| Apr. 5 |
William Brown, Charles Harvath, Stephen F. Corba, Jr., John Siuszko, Michael Williams |
NJ |
$40,800,000 |
Brown pleaded guilty. Other defendands previously pleaded guilty. |
Department of Justice |
| Apr. 5 |
Josh Leo Johnson |
CA |
$135,000. SunTrust a victim lender. |
Sentenced to 12 months prison and $130,000 in restitution. |
Department of Justice |
| Apr. 5 |
Angel Urena, Jose Guzman |
CT |
Multiple properties |
Urena sentenced to 24 months prison plus 2 years supervised release and $352,676.44 in restitution. Guzman awaits sentencing. |
MortgageDaily.com |
| Apr. 5 |
Maurizio Lancia |
CT |
$3,600,000 |
Sentenced to 27 months prison. |
MortgageDaily.com |
| Apr. 5 |
Jeremy Eason, Gary Albert Hager, Kenneth Paul Holmes, Darin Epps |
SC |
$5,800,000 |
Arrest warrant issued for Eason. Hager previously sentenced to 24 months prison, Holmes previously sentenced to 5 months prison, Epps previously sentenced to 33 months prison. |
MortgageDaily.com |
| Apr. 4 |
Michelle Austin-Wilks, Ghaith Al Nahar, Romy Defay, Jeffery Gilbert, Philip Jay Newman, Jinnie Mathurin, Guhier Florvilus |
FL |
$12,000,00 |
Austin-Wilks pleaded guilty. Previous sentences: Nahar to 63 months prison plus 3 years supervised release and $1,863,109.30 in restitution, Defay to 33 months prison plus 3 years supervised release and $441,747 in restitution, Gilbert to 3 years probation and $441,747 in restitution, Newman to 21 months prison plus 3 years supervised release and $662,051.42 in restitution, Mathurin to 1 year 1 day prison plus 3 years supervised release and $1.17 million in restitution. Florvilus awaits sentencing. |
Department of Justice |
| Apr. 4 |
Kristen Anne Way |
TX |
$6,012,191 |
Sentencing appeal denied. |
US Court of Appeals 5th Circuit |
| Apr. 3 |
Akintayo Abimbola Ayorinde |
NY |
$2,100,000 |
Defendands disbarred. |
NYCourts.gov |
| Apr. 3 |
Stephen B. Glenn |
OK |
$300,000 |
Sentenced to 6 months prison plus 6 months home detention and $302,000 in restitution. |
MortgageDaily.com |
| Apr. 3 |
Celia Thomas |
MA |
$60,000 |
Convicted. |
Department of Justice |
| Apr. 3 |
Michele Mitchell, Jeremy Pratt |
AZ |
$5,300,000 |
Guilty pleas. |
Department of Justice |
| Apr. 2 |
Freddy Lentz, Anthony Lewis, Maria Arriaza, Deon Jackson, Jennifer Le, Matthew Balsz |
CA |
$4,000,000 |
Lentz sentenced to 3 years probation. Lewis, Le, Jackson, and Balsz previously pleaded guilty and await sentencing. Arriaza convicted and awaits sentencing. |
ContraCostaTimes.com |
| Apr. 1 |
Craig Whitehead, Craig Adams, George Cavallo, Paula Hornberger, Joel Streinz, George Bobka |
FL |
$13,200,000 |
Whitehead sentenced to 3 months home detention and 250 hours community service. |
HeraldTribune.com |
archived case entries back to 2005
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