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Mortgage Fraud Archives

Week Ending June 14, 2012


Mortgage Fraud News


Case Activity


Sympathetic Judge Gives Broker Probation for Mortgage Fraud
June 13 -- The former owner of a Madison, Wis., mortgage brokerage firm was sentenced Wednesday to a year of probation for her role in a scheme in which false income information on a borrower was submitted to a lender.
read story at Mortgage Daily


Hard Money Lender Charged
June 12 -- Criminal charges have been filed in federal court against a Washington man who allegedly used hard money lending practices and mortgage fraud to acquire residential properties.
read story at Mortgage Daily (subscription required)


Different Drivers for Elevated Mortgage Fraud Risk in CA, FL
June 11 -- Potential identity fraud and income fraud have placed California at an elevated risk of mortgage fraud. In Florida, lenders face more risk of being deceived about occupancy and home values.
read story at Mortgage Daily (subscription required)


Duke Skips Out on 13-Year Mortgage Fraud Sentence
June 10 -- The government feared he would flee -- and he did.
read story at Mortgage Daily



Date Defendants State Amount of Loans Overview Source
Jun 14 Charmaine Davis NJ $1,000,000 Pleaded guilty. Department of Justice
Jun 14 Amy Nicole Schloemann (aka Amy Kinney) CA $5,805,902 restitution Sentenced to 36 months. Department of Justice
Jun 13 Lacie Devine TX $3,700,000 Indicted. Department of Justice
Jun 13 Edgar Tibakweitira (aka "Edgar Julian," "Charles Edgar Tibakweitira," and "Edgar Gaudious Tibakweitira,"), Flavia Makundi, Carmen Johnson, Mokorya Cosmas Wambura, Cane Mwihava, Annika Boas MD $3,500,000 Indicted. Department of Justice
Jun 13 Vito C. Grippo, Frederick "Freddie" Grippo NJ $4,400,000 Vito sentenced to 96 months, Frederick sentenced to 41 months. Department of Justice
Jun 12 Cynthia Hosbrook, Robert Hosbrook NV Undisclosed Indicted. Department of Justice
Jun 12 Becky L. Stoltenberg, P. Edwin Gray WI $1,200,000 Stoltenberg sentenced to 1 year probation. Department of Justice
Jun 11 James Wazlawik WI $146,829. Citibank victim lender. Sentenced to 1 day in jail plus 3 years supervised release. Department of Justice
Jun 11 Emiel Kandi WA Multiple properties Indicted. MortgageDaily.com
Jun 10 Eric Ray Hernandez, Monica Marie Hernandez, Patricia King, Evelyn Sanchez, Darling Montalvo CA $6,037,541 in losses Eric and Monica Hernandez pleaded guilty. Department of Justice

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