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Mortgage Fraud Archives

Week Ending April 27, 2012


Mortgage Fraud News


Case Activity


Another Guilty Plea in $11 Million Case
April 25 -- A fourth member of an $11 million mortgage fraud scheme pleaded guilty to related tax fraud in federal court in Lynchburg, Va., Tuesday.
read story at Mortgage Daily


Guilty Plea in Commercial Mortgage Fraud Case
April 25 -- A Raleigh, N.C., man, desperate for investors, has pleaded guilty to federal charges that he fraudulently obtained nearly $5 million in bank loans to start a Z-Bowl family entertainment center in Mebane.
read story at Mortgage Daily


Fraudulent $1.8 Million Home Purchase Yields Conviction
April 25 -- A federal court has found Santa Rosa Beach, Fla., resident Jonathon "David" Sanders guilty of bank fraud and conspiracy to commit money laundering.
read story at Mortgage Daily


Judge Says No to Realtor's Request for No Prison for Mortgage Fraud
April 25 -- Former real estate professional James C. Platts presented himself as a changed man today before U.S. District Judge Alan N. Bloch, arguing that he should get only probation for mail fraud, money laundering and conspiracy so he can continue his volunteer and church work.
read story at Mortgage Daily


Nearly $30 Billion in Mortgage Fraud Reported in 2011
April 23 -- Repurchase demands continued to drive the number of mortgage fraud reports higher last year -- with a growing share of the reports made on loans that were never funded. Occupancy fraud was most frequently involved in the reports -- though income and appraisal fraud were also busy categories. An analysis of government data indicates that reports of mortgage fraud were made last year on nearly $30 billion in mortgages.
read story at Mortgage Daily
(subscription required)

Closing Arguments in $142 Million Fraud Case
April 23 -- Hendrix Moreno Montecastro attempted to refute many of the allegations against him and his mother Thursday in the alleged $142 million mortgage and securities fraud case.
read story at Mortgage Daily


Real Estate Agent, Attorney-Son Convicted
April 23 -- A jury convicted a Carlsbad mother and her Orange County son of an $8 million mortgage fraud scheme, the U.S. Attorney for Southern California said Wednesday.
read story at Mortgage Daily



Date Defendants State Amount of Loans Overview Source
Apr. 27 Nathan Orms, Charles Kasbee OH $12,000,000 Indicted. Franklin County Prosecutor
Apr. 27 Patience Lavon Jackson, Anthony Davis, Jr., Charlie M. Smith, Jr. TX $2,000,000 Indicted. Department of Justice
Apr. 27 Troy Allen Huston, Chad Arthur Anderson MN $1,800,000 Indicted. Department of Justice
Apr. 27 Sadie Stanhope Ng, Richard Winefield, Walter Bressler, Michael Prieto NH Multiple properties Stanhope entered guilty plea. NashuaTelegraph.com
Apr. 27 Otis Bernard Livingston, Dionne Michelle Whitted, Shalena Sutherlin, Todd Ivery, Hung Quoc Nguyen, Catasha Browning GA $3,700,000 Defendants senteced to prison and restitution. Department of Justice
Apr. 27 Reginald R. Harper, Troy Fouquet LA $2,000,000 Harper pleaded guilty. SIGTARP
Apr. 26 Carey Hendrickson CA Multiple properies Pleaded not guilty. MercuryNews.com
Apr. 26 Julius Willard NY $7,000,000 Entered guilty plea. Department of Justice
Apr. 26 Robert H. Odimegwu MA Multiple properties Entered guilty plea. Department of Justice
Apr. 26 Tony Viola OH $121,000,000 Acquitted. WOIO.com
Apr. 25 Steven F. Reagan, Jay S. Fulton FL $3,000,000 Pleaded guilty. Department of Justice
Apr. 25 Curtis Briley Jr., Brenda Jackson NV Multiple properties Briley sentenced to 27 months prison. Jackson previously sentenced. LVRJ.com
Apr. 24 Sylvia Sexius NJ $412,000 Arrested and charged. Essex County Prosecutor
Apr. 24 Sylvia Melkonian, Sheridan Snyder, Andrew Wardein, Craig Shults, Paul LiCausi, Joseph Haymore CA $4,200,000 Indicted. Melkonian pleaded guilty. Department of Justice
Apr. 24 Linda Irene Rovetto FL $3,500,000 Pleaded guilty. Department of Justice
Apr. 24 Anita Myers VA $11,000,000 Pleaded guilty. MortgageDaily.com
Apr. 24 Roger Van Santvoord Camp NC $6,450,000 Pleaded guilty. Department of Justice
Apr. 23 Scott F. Smith, Paula N. Smith, Jonathon "David" Sanders, Louis R. Mazzella FL $1,300,000 Convicted. Department of Justice
Apr. 23 Patricia Ann King CA $530,300 Sentenced to 37 months prison. Department of Justice
Apr. 23 James C. Platts PA Multiple properties Sentenced to 46 months prison. Department of Justice
Apr. 23 James P. Vasiliou, Jr. NY $517,000 Pleaded guilty. Bank of America and JP Morgan Chase Bank victim lenders. Department of Justice
Apr. 23 Scott Dority CA $4,000,000 Sentenced to 121 months prison. Department of Justice

archived case entries back to 2005

 
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