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Mortgage Fraud News
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Case Activity
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June 5, 2009
Broker Busted in Murder-for-Hire
While cooperating with federal prosecutors after pleading guilty to a multimillion-dollar mortgage fraud scheme, Mahn Huu "Bruce" Doan, a South Philadelphia mortgage broker, allegedly tried to hire an undercover witness to murder attorney Anthony Quinn, kill a plaintiff in a lawsuit against him and maim another witness.
read full story at Philadelphia Inquirer
Francisco Mortgage Fraud Unit Shrinking
Delaware's attorney general announced the formation of a new Mortgage Fraud Task Force.
read story at the Denver Post
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June 3, 2009
San Francisco Mortgage Fraud Unit Shrinking
The number of investigators in San Francisco's police department has dropped to eight from 19 in 1990.
read article at San Francisco Chronicle
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June 1, 2009
Task Force to Combat Fraud in Nation's Fruit Basket
A task force established to combat growing mortgage fraud in California's San Joaquin Valley includes the U.S. Department of Housing and Urban Development as well as the FBI, IRS and Secret Service.
read story at Fresno Bee
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|
| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| June 5 |
John Pavao |
FL |
$6,000,000 |
Defendant jailed for being back in business while out on bond. |
WFTV |
| June 5 |
Carl Heflin |
FL |
na |
Former police officer submitted 20 fraudulent warranty deed forms then rented out properties. |
WPTV |
| June 5 |
Corey Brower, Sandi Browe, William Jonesr |
FL |
$68,500,000 |
Former president of GreatStone Mortgage and his wife plead guilty to defrauding HUD and several financial institutions. |
The Tampa Tribune |
| June 5 |
Aleksander Lipkin, GARRI ZHIGUN, GALINA ZHIGUN, JOSEPH PAPERNY, FAINA PETROVSKAYA, JOHN GELIN, TOMER SINAI, DANIEL MIKHLIN |
NY |
$200,000,000 |
Fomer mortgage broker sentenced to 110 months in case where 26 people have pleaded guilty. AGA Captial operated as mortgage broker on over 1,000 loans. |
Wall Street Journal
RealEstateRama |
| June 5 |
Thomas Kontogiannis, Elias Apergis, John Michael, six other defendants |
NY |
$92,000,000 |
Real estate developer and eight defendents, including his relatives, plead not guilty to defrauding Washington Mutual Bank and DLJ Mortgage Capital Inc. One of defendants ran Coastal Capital. |
Reuters
NBC |
| June 5 |
Wonda Kidd, Karim Akil, Amy Schloemann, Michelle McGuir, Gregory Lamont Orr |
CA |
na |
Former escrow officer convicted for inflating home purchase prices and using straw buyers and faces July 17 sentencing. New Century Mortgage was among victimized lenders. |
San Francisco Chronicle
Times Herald |
| June 5 |
Carol Smith, Sharon Cox, Marilyn Brookins, Elaine Gaither |
OH |
$575,000 |
Mother, daughter and two other defendants indicted for transaction on single loan. |
Solon Herald Sun |
| June 5 |
Humberto A. Reyes-Rodriguez, Alexis Ikilikyan, William Poff, Micki Thompson, Mario Marroquin |
WA |
$18,000,000 |
Defendants charged and arrested in scheme where banks were not told about private loans on 80 trnsactions. |
Seattle Post Intelligencer
Seattle Times
The News Tribune
United Press International |
| June 5 |
Jose G. Martin |
FL |
$6,600,000 |
Sentenced to 65 months in prison. |
South Florida Business Journal
Miami Herald |
| June 3 |
Humberto A. Reyes-Rodriguez, Alexis Ikilikyan, William S. Poff, Micki S. Thompson, Mario A. Marroquin |
WA |
$18,000,000 |
Indicted defendants included real estate agents and an escrow agent. |
Seattle Times |
| June 3 |
Hidayatullah Ali Khalil |
CA |
na |
Police officer arrested in mortgage fraud case. |
Elk Grove Citizen |
| June 3 |
Maria Sanchez, Beatriz Sanchez |
CA |
$1,000,000 |
Real estate agent for Locke Realty & Lending and for Online Financial Services was found guilty. |
Whittier Daily News |
| June 3 |
Russell Todd McBride, Robert P. Wrolstad |
MO |
na |
Both defendants pled guilty and face sentencing in mid-August. One defendant owned Century Mortgage and Finance Inc. |
Associated Press |
| June 3 |
Rex McCasland |
TN |
na |
Appraiser scheduled to be sentenced on Aug. 20. Lead conspirator owned Challenge Mortgage, Wolfcrest Property Management, First Performance, Southern California REO and Four Star Management. |
Memphis Commercial Appeal |
| June 3 |
Jonathan L. Boyd |
OH |
na |
The U.S. attorney's office decided against re-trying defendant whose conviction had been thrown out. |
Columbus Dispatch |
| June 3 |
Hugh Zuber |
NY |
$1,205,000 |
City lawyer with gambling problem arrested on fraud charges related to two buildings.
|
Associated Press
Imperial Valley News |
| June 3 |
Russell Todd McBride, Robert Wrolstad |
MO |
na |
Owner of Century Mortgage and Finance Inc. and co-defendant plead guilty. |
St. Louis Business Journal |
| June 2 |
Kathy Chen, Richard Salgado Gonzalez, Daniel Gonzalez |
CA |
$17,500,000 |
Real estate broker, her boyfriend and his brothers charged in scheme involving 35 properties. Brothers on the run -- possibly in Puerto Vallarta, Mexico. Broker owned Chen Financial, KC Realty, and SBC Financial. |
The Orange County Register |
| June 2 |
Jonathan L. Boyd |
OH |
$2,600,000 |
Verdicts vacated against convicted defendant because of technicality. New trial possible. 20 banks and 200 people defrauded. |
The Columbus Dispatch |
| June 2 |
Catherine A. Hickling |
GA |
$1,000,000 |
Guilty plea |
Associated Press |
|
Randy Allen, Gary Allen, R.A North Development, Southeastern Waterfront Marketing |
NC |
|
Civil lawsuit filed on behalf of 40 clients includes Bank of America and Wachovia Corp. as defendants. Inflated appraisals alleged. |
Trading Markets |
| June 1 |
na |
VA |
na |
130 borrowers file lawsuit in what could be one of the largest mortgage fraud cases in Virginia history. Inflated appraisals alleged. |
Trading Markets |
| June 1 |
Abe Karn, |
IL |
na |
International fugitive and owner of Interforest Mortgage Co, surrenders. |
FBI |
| June 1 |
Michael Didio, Jennifer Moschitta, Micah Meyers, |
NY |
na |
Bridgewater Funding searched after 13 arrests in subprime mortgage fraud scheme. |
Newsday |
| June 1 |
Donald L. Jones, Joseph B. Jackson Sr., Daniel J. Sattizahn, Robert Patterson Jr., Foday S. Fofanah, William Barnes, Donald Mathew Jones, Catherine L. Dike |
TX |
$14,000,000 |
Six defendants were sentenced while cases were dismissed against two. |
Dallas Morning News |
| June 1 |
Christine Calbert Gates, Demetrius Rainer, Troy Anthony Smith |
NC |
na |
Gates, an attorney, plead guilty in high-priced home scheme. |
The Charlotte Observer |
| June 1 |
na |
NY |
na |
13 defendants, many who worked for Bridgewater Funding, were arrested over a subprime fraud scheme. |
WCBSTV.com |
| June 1 |
Olusola Idowu |
MD |
$600,000 |
Nutrition company owner lied about income on mortgage application. |
WTOP.com |
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