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Mortgage Fraud Archives

Week Ending June 15, 2012

Mortgage Fraud News

Case Activity

Guilty Plea in Fraud Case Involving 90 Oahu Properties
June 13 -- The woman who the government says is the mastermind of the largest mortgage fraud scheme uncovered in Hawaii pleaded guilty Tuesday in federal court.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Jun 15 Brett Depue NV $24,000,000 Sentenced to 22 years prison.
Jun 15 Delton de Armas VA $2,900,000,000 Sentenced to 60 months prison. Department of Justice
Jun 15 Kevin Grady Sr., Edward Hessie Sumrell MI Multi-million dollar scheme Grady sentenced to 14 years prison, Sumrell sentenced to probation. Department of Justice
Jun 15 Victoria Sprouse NC $15,000,000 Pleaded not guilty.
Jun 15 Michelle Austin-Wilks, Ghaith Al Nahar, Romy Defay, Jeffery Gilbert, Philip Jay Newman, Jinnie Mathurin, Guhier Florvilus FL $6,269,547 Austin-Wilks sentenced to 63 months prison for 2 separate schemes. Department of Justice
Jun 15 Edward M. Bangasser FL $450,000 Sentenced to 15 months prison. Department of Justice
Jun 14 Christopher Cavounis, Jagdesh Cooma, Thomas Nuccio NY $10,000,000 Cavounis sentenced to 97 months. Capital One Bank, N.A.; Citibank, N.A. ("Citibank"); First Republic Bank; Herald National Bank; New York Commercial Bank; Signature Bank; Sovereign Bank; and TD Bank, N.A. victim lenders. Department of Justice
Jun 14 Kenneth Manuel Martin CA $250,000 Arrested, previously indicted. Department of Justice
Jun 14 Angelo Rossi NY $500,000 Pleaded guilty. New York Attorney General
Jun 13 Louise Lampo-Diglio, David Kinney, Jose Guzman, Stacey Petro (16 total) CT $6,348,403 Lampo-Diglio sentenced to 33 months prison. Department of Justice
Jun 12 Lemuel Thornton CA $800,541.57 Entered guilty plea.;
Jun 12 Manuel Garcia NM $585,243.59 Sentenced to 13 months prison. Department of Justice
Jun 12 Estrellita "Esther" Garo Miguel HI $7,000,000 Pleaded guilty.
Jun 12 Francisco Rodriguez IN Undisclosed Indicted. Department of Justice
Jun 12 Dennis O. Edwards MD $2,200,000 Pleaded guilty. Department of Justice
Jun 12 Tarl Brandon NV $8,000,000 Convicted. Department of Justice
Jun 11 Larry Max McDaniel NC Multiple properties Convicted. Department of Justice
Jun 9 Lavon Ruderson (13 total) OH $3,250,000 Convicted. Department of Justice

archived case entries back to 2005

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Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
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