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Week Ending April 29, 2011

Mortgage Fraud News

Case Activity

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
$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.
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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
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
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
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.
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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
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
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
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
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.
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.
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.
Apr. 26 Natalie Rose Hurlburt PA $15,000 in penalties Civil Agreement.
Apr. 26 Nathan Orms, Charles Kasbee Jr. (8 total) OH $12,000,000 Indicted.
Apr. 26 Joseph Guaracino (13 total) FL More than $16,000,000 On trial.
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. required)
Apr. 25 Frank De Grasse NY $750,000 Arraigned.
Apr. 25 Lance Collins AL $1,000,000 Indicted.

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