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Archives April 9, 2006

 


 
Fraud Stories From
Patrick Crowley
Fraud Wire


Fraud Fugitive Found & Arrested
Half of the most notorious couple in mortgage lending has been caught.

Federal authorities in Texas have arrested Rebecca Marie Hauck, who along with her accomplice, Matthew Cox, have brazenly worked their way across the south while being pursued for allegedly stealing as much as $4.5 million through a complex mortgage fraud and identity theft scheme.

MortgageDaily.com dubbed the pair "Bonnie and Clyde", the infamous bank Depression-era bank robbers, in an August 2004 story.

Court documents from the U.S. District Court for the Southern District of Texas in Houston show that Hauck was arrested March 21. Details of the arrest were not available. Federal authorities in Texas could not be reached to comment.

read the rest of Patrick's story at MortgageDaily.com
(subscription required)


Fraud Broker's Sentence Suspended
A Colorado mortgage broker who pleaded guilty in a state court to leading a $20 million fraud ring will spend no time in state prison for his crimes.

Jose Alfredo Ramirez, 28, who was indicted by a grand jury and pleaded guilty to fraud charges, will skip the jail time as long as he stays out of trouble.

Jefferson County District Judge sentenced Ramirez to four years in prison, but suspended the sentence on the condition that Ramirez not break any more laws, said Pam Russell, public information officer for the Jefferson and Gilpin counties district attorney's office.

"If he is caught doing any little thing he will go to prison," Russell told MortgageDaily.com, adding that the sentence includes 400 hours of community service that Ramirez must perform for Habitat for Humanity.

read all of Patrick's story at MortgageDaily.com
(subscription required)


April 7, 2006


Fraud Prevention Co. Hires Freddie Investigator
Interthinx has hired an industry relations executive who has 14 years of experience working as lead investigator for Freddie Mac's Fraud Investigation Unit
.


Woman to Help Prosecutors
Marcy Irby pleaded guilty to lying about her employment and income on her loan application and faces up to five years in prison -- though she may get a reduced sentence for helping prosecutors.
read story from the Hattiesburg American .


Fraud Proceeds Used for Yacht
Christina Hachadoorian and her former employer, New York Dentist Terrence D. Stradford, have been indicted for using fraud to obtain $1.36 million in mortgages -- spending some of the proceeds on a 46-foot yacht.
read story from the Courier-Post .


Fraud Sentencing Delayed
Mortgage broker Ernest Wayne White Jr., along with four other defendants who have also plead guilty to mortgage fraud, will have to wait on their sentencing while the judge deals with a bigger, money-laundering trial.
read story from the Associated Press .


April 4, 2006


Fraud Suspect Murdered
Andrew M. Kissel, a lawyer who was expected to plead guilty to bank fraud, was the second person in his family to be violently murdered.
read story from the Greenwich Time .


Lender Says Hes Innocent, But Builder Pleads Guilty,
Homebuilder David L. Layton pleaded guilty to charges of real estate finance fraud, but his alleged cohort, Easy Financial Services owner James Thomas Davis, said he was innocent.
read story from The News & Observer .


Broker Makes Bail
Mortgage company owner Rhonda Hare was arrested at her office for fraud and made a $70,000 bail.
read story from 11 Newscenter WTOK .

read about Hare Mortgage's license suspension at MortgageDaily.com
(subscription required) 


Fraudulent Forclosure Rescue Scams Common in Utah
Mark Neusch and Michael Davis tricked people who had fallen behind on their mortgage payments into transferring their home titles to them, Utah authorities contend.
read story from The Salt Lake Tribune .


Ameriquest AE Gets 5 Years
Avonda Nicodemus, an account executive at Ameriquest Mortgage, and real estate appraiser Peggy Snodgrass were sentenced to five years in prison for participating in a nearly $20 million mortgage fraud scheme.
read story from the Kansas City Business Journal

read prior coverage of the case at MortgageDaily.com
(subscription required)

 
Patrick Crowley is fraud journalist for MortgageDaily.com and a reporter and columnist for The Cincinnati Enquirer.

Email Patrick at: PatCrowley@FraudBlogger.com
 
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