|
|
|
|
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.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
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. |
|
|
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
|
|
|
|
|
|
|
|
