June 11, 2009
Busines at Fraud Investigator Soars
Management Resources LTD of New York reported that the 300 fraud investigations it has conducted during the past 12 months is a 100 percent from 2007.
The Monroe, N.Y.-based civil and criminal investigative firm said it reviews data on income, assets and liabilities. It also reviews onsite property inspections
read full announcement
|
June 9, 2009
$37 Million Thrown at Fraud Problem
The secretaru of the U.S. Department of Housing and Urban Development told attendees at the National Fair Housing Alliance Conference that the fiscal 2010 budget requests $37 million for an agency-wide initiative to combat mortgage fraud and predatory lending.
read full speech at HUD.gov
|
June 8, 2009
Texas AG Holds Fraud Conference
The Texas Attorney General's office is holding a Mortgage Fraud Summit on June 15 at the University of Texas.
read full story at Austin Business Journal
Modesto Mortgage Fraud Team Assembled
The FBI, IRS and Secret Service have joined with local law enforcement officials in Modesto, Calif., to fight fraud in the San Joaquin Valley. In Stanislaus County, 40 mortgage fraud cases are open at any given time.
read story at Modesto Bee
|
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
|
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
|
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
|
|
| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| June 12 |
pending |
OH |
n.a. |
All State Home Mortgage and Community Reinvestment reopened one day after raid by FBI Mortgage Fraud Task Force. |
News-Herald |
| June 12 |
Calvin Davis, Michelle Cochrane, Michael O'Keefe Jr., Timothy Falls, Dennis Addison, Dennis LeBlanc |
LA |
restitutions of more than
$1,000,000 |
Ringleader sentenced to 40 months for scheme involving HUD. Citywide Mortgage owner plead guilty. |
The Times-Picayune |
| June 12 |
Hubbard Blackshear |
TX |
netted profits of
$200,000 |
Guilty plea. |
My Fox Houston |
| June 12 |
Edward Scott Hanson |
MD |
loss of
$300,000 |
6-count indictment. |
9NEWS NOW |
| June 12 |
Eric M. Rabicoff, Lucas R. Collier, Jason L. Rabicoff, Anthony E. Carollo, Deborah Saulmon, Bora Ly, Anthony 'Gabe' Painton Jr., Kong Bun Ly, Rebecca Gelwix, Richard Ngek |
KS |
$3,000,000 |
Defendant accussed of leading for-sale-by-owner scheme from prison. |
Associated Press
Leavenworth Times
infoZine
The Mirror
|
| June 12 |
Michelle Marie Niska, Robert Gordon Bock Jr. |
MN |
$594,000 |
Couple plead guilty. |
Star Tribune
Pioneer Press
|
| June 12 |
Eddie Zaben, Dagoberto Reyes, Evelyn Santana, Mohamed Beydoun, Memoud Makky, Ali Hassan Haidous, Balil Hashem |
MI |
asset seizure of
$1,600,000 |
Defendants charged by state attorney general in scheme that utilized MYA's Investment Group LLC. 8 properties involved. |
The Detroit News
Detroit Free Press
Click On Detroit
|
| June 11 |
Valerie Hanserd, Primary Mortgage, Leo Desire |
MA |
restitution of
$80,000 |
Massachusetts attorney general, announced a consent judgement. |
MortgageDaily.com |
| June 11 |
Denis Joseph Hickey |
NC |
losses of up to
$2,500,000 |
Owner of CMI Construction Co. joined three attorneys who pled guilty. |
The Charlotte Observer |
| June 11 |
Beverly A. King, William H. King |
FL |
n.a. |
Woman charged, ex-husband and seven others arrested in case where fraudulent transactions brokered through Cue Funding Inc., Cueking Family Corp. and Investors Property Corp. |
The Times-Union |
| June 11 |
Richard Lucas, Kimberly Castle, Kenneth Stalnaker |
MS |
restitution of
$3,538,767 |
Mortgage flipping scheme convictions upheld by 5th U.S. Circuit Court of Appeals. |
Laurel Leader-Call
Hattiesburg American
Associated Press
|
| June 11 |
pending |
NY |
pending |
Title company owned by the former owner of failed First Guarantee Mortgage has not reopened since FBI raid. Owner was previously convicted for $5.6 million in secondary fraud at Bear Stearns & Co. |
Daily Gazette |
| June 11 |
Lucas R. Collier, Eric M. Rabicoff, Jason L. Rabicoff, Anthony E. Carollo, Deborah Saulmon Bora Ly, Anthony 'Gabe' Painton Jr., Kong Bun Ly, Rebecca Gelwix, Richard Ngek |
MO |
$3,000,000 |
Ring submitted false verifications of employment. |
The Mirror
Basehor Sentinel
Kansas City Business Journal
|
| Jun 11 |
pending |
OH |
n.a. |
FBI officials raided Allstate Home Mortgage and Community Reinvestment. |
NewsNet5
WOIO
WKYC
|
| June 10 |
Arthur Marshall |
GA |
n.a. |
Former NFL player charged with fraud. |
WJBF News Channel 6 |
| June 10 |
Brendan Tyler, Olivia Cassity |
UT |
n.a. |
Case delayed one month to give defense time to review 10,000 pages of documents. |
KSL Television & Radio |
| June 10 |
First Guaranty Mortgage |
FL |
n.a. |
FBI raided offices, but no mortgage fraud charges yet announced. |
Times Union |
| June 9 |
Pasquale A. Scavitti III |
RI |
$2,500,000 |
Attorney plead guilty to stealing from clients in real estate transactions. |
The Providence Journal |
| June 9 |
Ryan Keith Miller, Wildor Washington, Jr., David Kostelec, Amanda Childs, Gregory Stevenson, Alexandra Davidson, David Kostelec, Joseph Balano, Craig Lon |
MO |
n.a. |
Guilty plea by operators of Approved Mortgage, The Mortgage Connection, Atlantic Mortgage, TERM Appraisers, Apex Appraisals, Midwest Appraisals, Miller Appraisals, Pinpoint Appraisals, Summit Appraisals, Alexandra Enterprises, and Ryan Miller Appraisals, LLC.. |
GateHouse News Service
Infozine
|
| June 9 |
William H. King, Beverly Ann King, |
FL |
$2,400,000 |
Nine arrests in six Florida counties. |
Ocala.com |
| June 9 |
Jerry C. Huff |
UT |
$250,000 |
Conviction. |
The Salt Lake Tribune |
| June 8 |
Tyrone Cody, Ed Kraus, Dea Character |
OH |
$3,000,000 |
Guilty plea with sentencing scheduled for July 14. |
The Plain Dealer |
| June 8 |
Carol Smith, Sharon Cox, Marilyn Brookins, Elaine Gaither |
CO |
$575,000 |
Mother and daughter indicted. |
The Plain Dealer |
| June 8 |
Ernie Colter |
CO |
$200,000 |
Owner of PMCS Mortgage Services Co. indicted. |
Denver Post |
| June 8 |
Dea Character, Gregory Lewis, Valerie Shields, Bertha Clark |
OH |
3,000,000 |
Attorney joins other defendants in guilty pleas. |
The Plain Dealer |
| June 8 |
Fred DeGuzma, Veronica DeGuzmann |
TX |
$1,000,000 |
75-month prison sentence and $1.67 million in restitution ordered. |
Dallas Morning News |
|
