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Week Ending June 8, 2012

Mortgage Fraud News

Case Activity

$39 Million in Mortgage Fraud Leads to 8 Indictments
June 4 -- Eight people have been indicted in a $39 million mortgage fraud scheme, according to U.S. Attorney Wifredo A. Ferrer.

The federal indictment alleges the group fraudulently obtained inflated mortgages for the purchase of condo units at Marina Oaks Condominiums in Fort Lauderdale, Fla.

The indictment names Osbelia Lazardi, 54, of Southwest Ranches, Dayanara Montero, 37, of Miramar, Edward R. Mena, 36, of Miami, David Arboleda, 27, of Doral, Quelyory Rigal, 36, of Homestead, Celeste Mota, 29, of Fort Myers, Juan Carlos Sanchez, 39, of New York, and Sandra P. Campo, 34, of Colombia, South America. All have made court appearances except Campo who remains at large, prosecutors said.
read story at Mortgage Daily

Woman Pleads Guilty in $11 Million Mortgage Fraud Case
June 4 -- A former employee of a Bedford County, Va., company pleaded guilty Thursday in federal court in Lynchburg to a tax charge that stems from a mortgage fraud scheme.
read story at Mortgage Daily

Ohio Developer Charged in Florida Mortgage Fraud
June 4 -- An Ohio man who promised buyers in 2005 "there's money to be had" has been charged in connection with a $36 million mortgage fraud scheme involving property in the WatersEdge development near Allanton.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Jun 8 Osvaldo A. Mercado VA $2,400,000 Sentenced to 24 months prison. Department of Justice
Jun 7 Talika Matthews Lennard, Seemon Georges PA Multi-million dollar scheme Indicted. Department of Justice
Jun 7 Jacquelyn Todaro, Neal Sultzer, and Kevin Hymes, Michael Schlussel NY $66,000,000 Pleaded guilty. Department of Justice
Jun 7 Sharanjit Kaur, Baljit Singh CA $400,000 Indicted. Department of Justice
Jun 7 Brian Guimond, Jose Guzman (16 total) CT $9,000,000 Guimond sentenced to 27 months prison. Department of Justice
Jun 6 Ronald Harris Jr., Sterling Bruce NJ $10,000,000 Sentencing postponed.
Jun 5 Richard Brett Meyer FL $1,000,000 Indicted.
Jun 5 Kenneth T. Robinson, Garrett Bauer, Matthew Kluger NJ $37,000,000 Robinson sentenced to 27 months prison. Department of Justice
Jun 4 Hakeem Rashid, Kareem Broughton, Marguerite Elise Dixon-Roper, Jada Elaine Lucas IL $16,200,000 Indicted. Department of Justice

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