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Week Ending April 20, 2012


Mortgage Fraud News


Case Activity


Insider Talks About Mortgage Fraud Crime
When Toby Gross was just 20 years old, he promised his father that he would not follow the path that taken by his brother -- a former banker who wound up in prison over fraud.
read story at Mortgage Daily


Fraudulent Appraisals Used in HECM Scheme
April 18 -- Inflated appraisals were used in a mortgage fraud scheme that utilized federally insured reverse mortgages and targeted seniors in seven states. The owner of a title agency, who was convicted along with three loan originators, held back funds that were supposed to be used to pay off existing liens.
read story at MortgageDaily.com
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Dramatic Reduction in Developer's Sentence for Cooperation
April 16 -- Prominent Chico developer Anthony G. Symmes was sentenced today in federal court to a month less than three years in prison on his plea of guilty to conspiracy to commit mail fraud and money laundering in connection with a multimillion-dollar mortgage fraud.
read story at MortgageDaily.com


Date Defendants State Amount of Loans Overview Source
Apr. 20 Eric H. Menden VA $41,000,000 Pleaded guilty. Department of Justice
Apr. 20 Jacquelyn Drago-Hunter IN $87,942 Sentenced. Department of Justice
Apr. 20 Anthony Viola OH $44,000,000 Pleaded not guilty. Awaits verdict. Cleveland.com
Apr. 20 Tonii Carlos Greene MN $3,000,000 Indicted. Department of Justice
Apr. 19 Hendrix Moreno Montecastro, Helen Moreno Pedrino, James Benjamin Duncan, Maurice McLeod CA $142,000,000 Closing arguments presented. MortgageDaily.com
Apr. 19 Eric Finger, Reginald Johnson, Denise Parks, Jeffrey Larochelle, Joell Barnett, Foriduzzaman Sarder, Sakat Hossain, Mikael Huq, Frederick Warren, Dorian Brown, Fritz Bonaventure, Brandon Lisi NY $9,000,000 Finger, Johson, and Parks entered guilty pleas. Department of Justice
Apr. 19 Jacquelyn Drago-Hunter IN Multiple properties Sentenced to 15 months prison. SunTimes.com
Apr. 19 Mark Alan Maurer MI $120,000 Sentenced to 33 months. Department of Justice
Apr. 19 Syed Rehman NJ $1,000,000 Sentenced to 41 months. Department of Justice
Apr. 18 Aida Agusti Castro, Stephen Kenneth Chrysler CA $8,000,000 Convicted. Department of Justice
Apr. 18 Gerard Bueno, Jesus Vega Jr., George Kent, Andres Victoria, Alejandro Valdelmar, Jose Carlos Henriquez, Laura Garcia, Beatriz Miranda, Michael Palomares CA $2,300,000 Arrested. LATimes.com
Apr. 17 Justin Linder, Kelly Linder CA $11,000,000 Pleaded no contest. KMJNow.com
Apr. 17 Eitan Maximov AZ $6,500,000 Sentenced to 97 months prison. Department of Justice
Apr. 17 Alejandro Curbelo (aka Alex Curbelo) FL $6,500,000 Guilty plea. Department of Justice
Apr. 17 Roberto Caro, Manuel Caro, Hugo Oliva, Sergio Caro, Ilan Reyes, Orlando Dominguez FL Multiple properties Roberto sentenced to 48 months prison plus 3 years supervised release. Sergio, Olia, Reyes, and Dominguez previously sentenced. Department of Justice
Apr. 17 Jorge Abbud NJ $138,402 Sentenced to 21 months prison and $138,402 restitution. Bank of America the victim lender. Department of Justice
Apr. 16 Gerald L. Wolfe CA $25,000,000 Sentenced to 46 months. OCRegister.com
Apr. 16 Stacey Jones, Dana Merritt (a.k.a Dana Hayden), Abigail Gonzalez, Leticia Miffleton, Sharlo Burris, Kendrick Green, Johnese Zeigler, Andre Simon, Gordon Simon, Catherine Wheeler CA Multi-million dollar scheme Indictments. Department of Justice

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