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Mortgage Fraud Archives

Week Ending May 18, 2012

Mortgage Fraud News

Case Activity

Mortgage Fraud Scheme Involved Attorney, Broker and Developers
May 17 -- After a two-week trial, the fate of a Sevierville title attorney and a Sevier County, Tenn., real estate developer accused in $6 million fraudulent loan scheme will be in the hands of a federal jury today.
read story at Mortgage Daily

Mortgage Broker Says 19-Year Sentence Too Long
May 16 -- A former mortgage broker in prison for his role in a house-flipping scheme is asking a federal court to vacate his sentence, citing improper court procedures and ineffective advice from his lawyers.
read story at Mortgage Daily

Prison for 4 in $20 Million Scheme
May 14 -- Four people involved in a mortgage loan fraud scheme centered in Central Contra Costa County were sentenced to federal prison Thursday.
read story at Mortgage Daily

2 Charged in $45 Million Multi-State Case
May 14 -- Two Marion County, Tenn., men have been charged in a mortgage fraud scheme that prosecutors say ran for at least two years, totaled $45 million in losses and involved victims in five states.
read story at Mortgage Daily

FL Man Sentenced for $20 Million MN Scheme
May 14 -- A man indicted for running one of the state's larger mortgage fraud schemes was sentenced Thursday to six years in prison.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
May 18 Marien Brown MO Multiple properties Sentenced to 18 months prison. Department of Justice
May 18 Jerry D. Kerley, Jeffrey Whaley TN $6,000,000 Convicted. Department of Justice
May 18 Jea Min Lee, Peter Kim, Bok Hee Lee, Jai Sek Lee, Jai Song, Erin Cullen VA $1,500,000 Lee indicted. Others previously pleaded guilty. Department of Justice
May 18 Nathan Orms OH $12,000,000 Sentenced to 54 months prison.
May 18 Christopher G. DeBlauw VA $1,800,000 Pleaded guilty. Department of Justice
May 17 John Voloshin CT $1,500,000 Sentenced to 33 months prison. Department of Justice
May 16 Behrooz Badie, Derek Davis, Dino Rosetti CA Multiple properties Badie convicted. Department of Justice
May 16 Michael Pahutski NC $15,000,000 Asked court to dismiss sentence.
May 15 Thomas Cusack NY $98,000,000 Sustained for 4 years for professional misconduct.
May 15 James D. Levitt RI $1,100,000 Sentenced to 12 months and 1 day prison. Department of Justice
May 14 Carole Nelson MD $78,000,000 Nelson sentenced to 29 months prison. Department of Justice
May 14 Ashley Lacerda, Francis Santore, Brian Corley, Adam Lacerda, Steven Cox, Alfred Giordano, Joseph Diventi, Ian Resnick, Ryan E. Bird, Catherine Bannigan, Vincent Giordano, Joseph Saxon, Aimee Allen, Genevieve Manzoni, Eric Reilly, Eric K. Reiff NJ $2,600,000 Lacerda, Santore, and Corley arraigned. Department of Justice
May 14 Recardo S. Lewis VA $4,100,000 Lewis pleaded guilty. Department of Justice

archived case entries back to 2005

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