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Mortgage Fraud Archives

Week Ending May 06, 2011

Mortgage Fraud News

Case Activity

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.
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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.
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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.
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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.
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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.
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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.
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Date Defendants State Amount of Loans Overview Source
May 06 Debra Landberg FL $3,349,000 Acquitted.
May 05 Garret Griffith Gililland III, Nicole Magpusao CA $4,000,000 Guilty pleas.
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.
May 04 Travis Wright, Christopher D. Hales UT $750,000 Guilty pleas.
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
May 03 Shanita Lacy VA $1,549,170 Sentenced to 4 years.
May 03 Joseph Anthony LaCoste, Angela Marie McCoy OR $10,884,438 Arraigned.
Department of Justice
May 03 Paul Lindemann, Michael Keith Hallman SC $979,500 Guilty plea. RBC Centura Bank was a victim lender
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.
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.
May 02 Tracie Lockhart CO $58,000 in restitution Sentencing appeal denied.

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