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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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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 May 06, 2011
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Mortgage Fraud News
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Case Activity
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Former BoA Employee Gets 2-Day Sentence
May 05 -- A former employee of Bank of America has been sentenced to just two days in jail for preparing fraudulent verifications of deposit in a mortgage fraud scheme. Lenders lost nearly $1.4 million in the case.
read full story at MortgageDaily.com
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Brother and Sister Arrainged in Huge Scam
May 04 -- A brother and sister have been arraigned in U.S. District Court in an alleged Ponzi scheme invovling more than $5 million in investment fraud and $10,884,438 in mortgage fraud.
read full story at MortgageDaily.com
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SC Councilman Pleads Not Guilty
May 04 -- COLUMBIA, S.C. -- A former county councilman in South Carolina has formally proclaimed his innocence in a case where he is accused of lying on an application for a $979,500 mortgage from RBC Centura Bank.
read full story at MortgageDaily.com
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12 of 14 Defendants in MN Case Have Same Last Name
May 04 -- A Minnesota man was handed down a two-year sentence for his role in a $1.9 million mortgage fraud case. Out of 14 defendants, 12 have the same last name.
read full story at MortgageDaily.com
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CitiMortgage Adds Avantus to Its List of Approved Mortgage Fraud Report Providers
May 03 -- WEST HAVEN, CT (PRWEB) -- Avantus, a leading provider of customized mortgage credit reports, mortgage-related services and technology solutions, announced today that its LoanShield Borrower Review has been deemed fully compliant with CitiMortgage's fraud prevention guidelines, and Avantus will be added to their approved vendor list of mortgage fraud report providers.
read full announcement at MortgageDaily.com
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Big Bank Employees in On Fraud
May 02 -- A South Carolina mortgage broker and a manufactured home salesman have been indicted in a $2 million case. Another case has several guilty defendants asking for delays in sentencings -- including a former JPMorgan Chase & Co. loan originator and a former Bank of America Corp. employee whose request was denied.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| May 06 |
Debra Landberg |
FL |
$3,349,000 |
Acquitted. |
Naplesnews.com |
| May 05 |
Garret Griffith Gililland III, Nicole Magpusao |
CA |
$4,000,000 |
Guilty pleas. |
Chicoer.com |
| May 05 |
Paul Redondo, Melody Redondo |
ID |
$101,459 in restitution |
Paul Redondo sentenced to 3 years probation, 3 months home detention, 80 hours community service; Melody Redondo awaits sentencing. |
Department of Justice |
| May 05 |
Jill Diane Brennan, Darin Epps, Jeff Shoup, Tommy Hix, Tiffany Travis, Gary Albert Hager |
SC |
$1,400,000 |
Sentences: Brennan 2 days plus 3 years probation; Others await sentencing. |
MortgageDaily.com |
| May 04 |
Travis Wright, Christopher D. Hales |
UT |
$750,000 |
Guilty pleas. |
Sltrib.com |
| May 04 |
Taleb Mohamed Wazwaz, Sabry Mohamed Wazwaz, Kennedy Mohamed Wazwaz, Genevieve Marie McCullough (14 total) |
MN |
$1,900,000 |
Taleb Wazwaz sentenced to 2 years. |
Department of Justice
MortgageDaily.com |
| May 03 |
Shanita Lacy |
VA |
$1,549,170 |
Sentenced to 4 years. |
Wvec.com |
| May 03 |
Joseph Anthony LaCoste, Angela Marie McCoy |
OR |
$10,884,438 |
Arraigned. |
MortgageDaily.com
Department of Justice |
| May 03 |
Paul Lindemann, Michael Keith Hallman |
SC |
$979,500 |
Guilty plea. RBC Centura Bank was a victim lender |
MortgageDaily.com |
| May 03 |
Willia T. Burton |
OH |
$1,500,000 |
Sentenced to 30 months. |
Department of Justice |
| May 02 |
Steven Kronewitter |
IN |
$352,235.00 in restitution |
Sentenced to 21 months plus 1 year supervised release. Wells Fargo was a victim lender. |
Department of Justice |
| May 02 |
Dustin Thompson |
AZ |
$4,000,000 |
Sentenced to 27 months. |
Department of Justice |
| May 02 |
Michael Sheneman, Jeremie Sheneman |
IN |
$3,500,000 |
Trial begins. |
Southbendtribune.com |
| May 02 |
Amer Mir, Michael Eliasof, Gerald Carti, Frederick Ugwu, Norman Barna, William Ottaviano, Renford Davis, Hopeton Bradley, Claribel Morrobel, Melanie Gebbia |
NJ |
Multi-million dollar scheme |
Sentences: Mir 70 months and $2.3 million in restitution; Ugwu 50 months and $1.6 million in restitution; Corallo 51 months; Eliasof 40 months; Carti 27 months; Ottaviano 15 months. Probation for Barna, Gebbia and Morrobel. |
Department of Justice |
| May 02 |
Jeff Shoup, Tommy Hix, Darin Epps, Jill Diane Brennan, Gary Albert Hager |
SC |
$1,400,000 |
Sentencing postponed. |
MortgageDaily.com |
| May 02 |
Tracie Lockhart |
CO |
$58,000 in restitution |
Sentencing appeal denied. |
Courlistener.com |
archived case entries back to 2005
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