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Mortgage Industry
Fraud
send
your comments or links
for possible
publication
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Fraud
News Wire
| Last Updated |
Friday, May 25, 2007, |
04:49 PM |
Texas Time |
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May 25, 2007
Man
Sentenced for Mortgage Investment Scam
Jeffrey Tyler Wine gets 5 years in prison.
Man Charged
in $4.5M Scam
James S. Taylor, who either controlled or was
associated with Dingo Trading Ltd., Amerimax
Realty Inc., JJ Real Estate Investments Inc.
and AJG Construction, was charged with preparing
loan applications using false information involving
employment, income and intent of property use.
read story from the Rocky Mountain News
Title Co.
Owner Guilty of Fraud
A jury found Stephanie Corsmeier, who operated
American Security Title Co., guilty of arranging
fraudulent loan applications with out-of-town
lenders.
read story fromThe Enquirer
Mortgage
Co. Owners Held on Fruad
Husband and wife and owners of Hiddenbrooke
Mortgage, Amy Schloemann and Karim Akil, and
three others are being accused of engaging in
a mortgage fraud scam that used false documentation,
bank accounts, forged documents, and stolen
identities of real estate brokers, among other
things.
read story from the San Francisco Chronicle
Ex-Title
Co. Owners Admit Fraud
Matthew Kupic and Francis Thomas Disonell admitted
they arranged numerous mortgages through fraudulent
loan applications and settlement statements
through their former businesses Team Title Abstractors
and Real Estate Consultants.
read story from Empire State News
CA Brokers
Disapprove Scheme
California Association of Mortgage Brokers is
condemning Jim Martin and his partners Mario
Fellini and Gabe Varimones, who are accused
of duping investors into buying more than 20
homes through fraudulent loans of which many
face foreclosure.
read story from My 58
3 Admit Mortgage
Fraud Conspiracy
Guilty pleas for conspiracy to commit mortgage
fraud were entered by James E. Coleman, a certified
public accountant who provided fraudulent letters
attesting creditworthiness, James R. Rhoades,
who obtained fraudulent documents for loans
and Jeremy A. Plagman, who provided a false
appraisal.
read story from AHN
Broker Indicted
for Fraud
Maximum Mortgage owner Justin Stuckey was indicted
on charges related to filing fraudulent loan
applications for investors buying rental properties
and faces a lawsuit accusing him of being involved
in $5.5 million mortgages that resulted in close
to 150 foreclosures.
read story from Fox 28
May 24, 2007
NY
Sues for Flipping, Ponzi Scheme
East Coast Capital’s Ponzi scheme netted
over $2 million while blighting Buffalo neighborhoods.
AZ Hires
Help for Overwhelming Fraud
Due to mortgage fraud complaints outnumbering
investigative staff, Arizona's lending regulator
has three hired three firms to help with mortgage
fraud cases and awarded 19 contracts to companies
that will be assigned cases as necessary.
read story from the East Valley Tribune
Officer Accused
of Mortgage Fraud
Leon K. Lewis, a long-time corrections officer,
was arrested for allegedly forging the signature
of his dead uncle to take out a mortgage on
the uncle's home.
read story from the Miami Herald |
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read
archived blog
entries
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Patrick
Crowley is fraud journalist for MortgageDaily.com
and a reporter and columnist
for The Cincinnati Enquirer.
Email Patrick at: PatCrowl
ey@FraudBlogger.com |
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