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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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Free mortgage news for prospective borrowers.
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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 29, 2011
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Mortgage Fraud News
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Case Activity
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Washington State Extends Life of Prosecution Fund
April 26 -- A fund that was created by the State of Washington eight years ago to prosecute mortgage fraud crimes was set to expire at the end of June. But new legislation that has been signed into law extends the life of the fund.
read full announcement at MortgageDaily.com
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$100 Million Fraud Case Yields 7 Sentences
April 26 -- A real estate appraiser, a First Horizon Home Loans employee and a Wachovia Bank employee are among seven people who have been sentenced in a $100 million mortgage fraud case in North Carolina. Two lawyers are also among the defendants.
read full story at MortgageDaily.com (subscription required)
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Cop, Wife Defraud Lender for Modification
April 25 -- An Arizona mortcycle cop and his wife allegedly lied to their lender in order to qualify for loan modification. The wife allegedly lied and claimed she and her husband were separated.
watch full video at MortgageDaily.com
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Wells Fargo, Freddie Mac Defrauded
April 25 -- NEW HAVEN, Conn. -- A scheme to defraud Wells Fargo & Co. and Freddie Mac has led to a guilty plea and a possible prison sentence of upt to 60 years.
read story at MortgageDaily.com
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SC Official Indicted
April 22 -- FORT MILL, S.C. -- A former councilman in South Carolina has been charged along with an accomplice for allegedly lying to get a $1 million mortgage.
read story at MortgageDaily.com
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MN Kickback Scheme Nets Criminal Charges
April 22 -- Three Minnesota residents have been charged in a scheme where buyers in a $1.5 billion condominium development were allegedly paid 30 percent kickbacks.
read story at MortgageDaily.com
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Fraud Financed Gambling
April 22 -- Several gambling trips were financed from a North Carolina mortgage fraud operation. The jury in the case has returned a guilty verdict against the kingpin.
read story at MortgageDaily.com
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Couples Court
April 21 -- TAMPA, Fla. -- Three husband and wife teams and one other person have been arrested in connection with an $8.8 million mortgage fraud scheme. Most of the defendants worked at First Mutual Mortgage, though one of the wives worked at Suncoast Title.
read story at MortgageDaily.com
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2 Indicted in FL Case Where 3 Others Already Found Guilty
April 19 -- Two defendants in a Florida mortgage fraud case have been indicted following convictions and guilty pleas by other defendants.
read story at MortgageDaily.com
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Another Guilty Plea in $35 Million MN Case
April 19 -- Three years after the the owners of a Minnesota real estate firm plead guilty to a $35 million mortgage fraud scheme, another guilty plea has been extracted.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Apr. 28 |
Brandon Shepherd, Garland Ward, Lisa Neckar, Andrea Downs, Laura Habre, Veronica Penner, Jeff Sadler |
OH |
$1,000,000 |
Indictments. |
Ohio.com |
| Apr. 28 |
John Velez, Joseph DeRosa, Daryl Radziwon, Casey Mittauer, Robert DePriest, Joseph LaGrasta, Matt Gulla, Rene Rodriguez, Jackie Trumbore (13 total) |
FL |
$16,000,000 |
Velez, DeRosa convicted. Radziwon, Mittauer, DePriest, LaGrasta acquitted. Gulla, Rodriguez, Trumbore pleaded guilty. |
Department of Justice |
| Apr. 27 |
Cynthia Strand |
MN |
More than $1,000,000 |
Guilty plea. |
Presspubs.com |
| Apr. 27 |
Carl Alexander, Carol Asbury, Patrick Brinson, David Lam, David Miller, Michael Samuda, Thomas Thelusma, Victoria Wilson |
FL |
$13,240,000 |
Indictments. |
Department of Justice |
| Apr. 27 |
Mary Lee Reinking, Natalie Long, Darryl Hannken, Robert Herdrich |
IA |
$97,343 in restitution |
Reinking sentenced to 5 years probation. |
Department of Justice |
| Apr. 27 |
Dawn Woolbert, Flavio Cardoza, Osvaldo Riveron, Peter Lamicella (12 total) |
NJ |
Multiple properties |
Indicted. |
northjersey.com |
| Apr. 26 |
Natalie Rose Hurlburt |
PA |
$15,000 in penalties |
Civil Agreement. |
Goerie.com |
| Apr. 26 |
Nathan Orms, Charles Kasbee Jr. (8 total) |
OH |
$12,000,000 |
Indicted. |
Nbc4i.com |
| Apr. 26 |
Joseph Guaracino (13 total) |
FL |
More than $16,000,000 |
On trial. |
Sun-sentinel.com |
| Apr. 26 |
Matthew Sysum |
CO |
Multiple properties |
Indicted. |
Weld County District Attorney's Office |
| Apr. 26 |
Larry Hillard, Truang Quang Tran, Thanh Van Ngo |
MN |
$4,300,000 |
Guilty plea from Hillard. |
Department of Justice |
| Apr. 26 |
Clinton Bruce Darden, Willard Wilson, Linda Clarke, Reuben Clarke III, Kim Cherrie Perry, Danyelle Eason, Rick Phillips (11 total) |
NC |
$100,000,000 |
Sentences: Darden 33 months; Wilson 30 months; Linda Clarke 28 months; Reuben Clarke 22 months; Perry 15 months; Eason 6 months; Phillips 24 moths. |
MortgageDaily.com(subscription required) |
| Apr. 25 |
Frank De Grasse |
NY |
$750,000 |
Arraigned. |
Patch.com |
| Apr. 25 |
Lance Collins |
AL |
$1,000,000 |
Indicted. |
Al.com |
archived case entries back to 2005
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