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Week Ending June 18, 2010

 

Mortgage Fraud News

Case Activity

June 18, 2010

86 South Florida Defendants Charged
Since March 1, federal charges have been filed against 86 people in South Florida for mortgage fraud.
read full story at Miami Herald

The $2 Billion Mortgage Fraud Sting
More than a thousand defendants who helped close more than $2 billion in fraudulent mortgages have been charged as part of a federal crackdown. Among the defendants were many who are mortgage brokers.
read full story at MortgageDaily.com
June 17, 2010

DOJ in NC Creates Task Force
A mortgage fraud task forces has been created by the U.S. Attorney’s Office for the Eastern District of North Carolina.
read article at Triangle Business Journal

FBI Opposes HUD Rule
In its annual mortgage fraud report, the FBI said that it opposes HUD's waiver of the FHA 90-day property flip rule because illegal schemes usually happen within a 90-day period.
read full story at MortgageDaily.com

1,215 Charged with Mortgage Fraud
Operation Stolen Dreams has netted 1,215 defendants of which 485 have been arrested since March 1. Mortgage lenders had losses of more than $2.3 billion from the related cases, while $147 million has been recovered and 191 civil cases have been filed.
read full announcement at Justice.gov


25 Defendants Charged in Eastern Michigan
Between March 1 and June 17, 25 individual have been charged with mortgage fraud, 10 have pleaded guilty and 11 have been sentenced. The actions are the result of Operation Stolen Dreams.
read full announcement at FBI.gov

Mortgage Fraud Rose and Getting Worse
An annual report from the government indicates mortgage fraud continued to increase last year, is even worse this year and is expected to deteriorate further. Areas of rising concern are schemes tied to reverse mortgages, commercial mortgages and distressed mortgages.
read full story at MortgageDaily.com
June 8, 2010

Valuation Fraud a Growing Problem
A spike in the risk of appraisal fraud has pushed the overall risk of mortgage fraud higher, according to the latest quarterly index. Five states were identified as potential problem spots for mortgage lenders. Chances that a borrower is lying about occupying a property, however, have declined.
read full story at MortgageDaily.com
May 28, 2010

The Rise and Fall of Mortgage Fraud
During the middle part of the decade, the real estate market was on fire. As soon as an agent had a property listed -- multiple offers came in, ultimately leading to a quick sale above the listing price. This lasted for about four to five years, when unfortunately it all came crashing down.
read full story
May 27, 2010


Miami-Dade Fraud Unit Launched
Miami-Dade State Attorney Katherine Fernandez Rundle announced the launch of a mortgage fraud unit to fight mortgage related crimes.
read announcement at MiamiSao.com
May 4, 2010


Fraud Initiative Yields $350 Million in Mortgage Fraud Convictions
The U.S. Attorney’s Office Mortgage Fraud Strike Force has prosecuted more than 300 mortgage fraud defendants in cases involving around $350 million in fraudulent loans.
read announcement from U.S. Department of Justice
May 3, 2010


MASS. Senate Passes Mortgage Fraud Bill
A bill that would make mortgage fraud a crime has made it through the Massachusetts Senate
read full story at 95.9 WATC-FM
April 29, 2010


HUD OIG Creates New Region to Address Growing Fraud
CHICAGO -- Mortgage fraud in the Midwest has gotten so bad that the U.S. Department of Housing and Urban Development's watchdog had to break up the region.
read full story at MortgageDaily.com
April 26, 2010


Appraisal Fraud Leaps
Lenders have made significant headway reducing fraudulent deposit and employment verifications, but appraisal fraud is way up. One-quarter of all mortgage fraud activity occurred in just three metropolitan areas.
read full story from MortgageDaily.com


Mortgage Fraud Rises 7% in 2009
LexisNexis Mortgage Asset Research Institute reported that the rate of increase for mortgage fraud reports fell to 7 percent last year from 2008's 26 percent.
read full story from the Associated Press

Date Defendants State Amount Overview Source
June 18 Ericvan Anthony McDavid, Larry Africanus Hutchinson, Jerone Ian Mitchell MN $16,000,000 Indictment unsealed. Justice.gov
June 18 Christopher B. Maselli RI $1,525,028 Indictment. Justice.gov
June 18 Leesa Shapiro NY $2,300,000 Arrest. Newsday.com
June 17 DEANYON ROSS NY $1,000,000 Charge filed. FBI.gov
June 17 ORIT TUIL, ANNETTE SHERESHEVSKY FONTE, DARLENE RITTER, NIR ZEER, JOAN POWELL NY $1,600,000 Indictments. FBI.gov
June 17 PAULETTE GABBIDON, JASON LEWIS, JOYCE LEWIS NY netted defendants $1,100,000 Indictments. FBI.gov
June 17 VERBELLE WILLIAMS, CHUCK OSAKWE, ONOCHIE ONOBOGU NY $2,900,000 Charges filed. FBI.gov
June 17 DUSTIN DENTE, BRANDON LISI, CHARLES ADESSI, RICH WILLIAMS NY $7,400,000 Charges filed. FBI.gov
June 17 Wilfredo Blas, NIDIA CAMPOS, OSCAR OSORIO, JOHN ISOLA, JOSE ROSARIO, PATRICIA GONZALEZ, CURTIS MCPHERSON, UMER RAJA, MOHAMMED ISLAM, MARIA ZAPATA, EDWIN BARRERA, MARLOWN CASO a/k/a "Marlo Castro" a/k/a "Marlo Caso," MOISES VARGAS, ROMANA GALEZO, GALO HUAYCOCHEA, JHOJANS ELEGANTE, a/k/a "Joseph Elegante," ANTHONY REID NY $15,000,000 Charges filed. FBI.gov
June 17 SHARMON HOWELL a/k/a "Sharmon Wade", DAVID MOORE, JUNE PERSAUD, OSCAR ANCRUM NY $10,000,000 Guilty plea by Howell. Justice.gov
June 17 Deborah L. Joyce aka Deborah L. Smith, Todd W. Joyce WV losses exceeded $2,300,000 Charges filed. FBI.gov
June 17 TIMOTHY JOHNSON, Pamela Terrell AL $2,500,000 Charges filed. FBI.gov
June 17 Teresa Ausbrooks OR $736,930 Trial pending. Justice.gov
June 17 Kostenko OR $1,300,000 Indictment. Justice.gov
June 17 Huang OR $1,450,000 Indictment. Justice.gov
June 17 Ranes-Philliber OR $71,000 Indictment. Justice.gov
June 17 Vincent Vendittelli, Cleothus Jackson aka Henry Oliver Ford AZ losses of over $50,000,000 Indictment. Justice.gov
June 17 JamieLee Lawler, Brett Matheson AZ $38,000,000 Indictment against former Countrywide originator. Justice.gov
June 17 Peter Morris, The Team Realty Group CA multi Civil action filed. Victims include VA and FHA. Justice.gov
June 17 Owner of mortgage broker firm CA $30,000,000 Indictment. Justice.gov
June 17 Brian Bowling, Jason Khodadad, Joseph Bowman, Joshua Hughes, Richard Hurkman, WI na Sentence scheduled for Aug. 12 Justice.gov
June 17 Gail L. Mendez, Amy B. Strait, Carlos R. Solis, Marty G. Mendez, David H. Knickmeier WI $8,000,000 Charges filed. Justice.gov
June 17 Albert Lewis Ellis, Richard Keith Hanna, Wrenl Burge CA $2,000,000 Indictment. FBI.gov
June 17 Eric Ray Hernandez, Monica Marie Hernandez, Evelyn Brigget Sanchez CA $2,500,000 Charges filed. FBI.gov
June 17 Garret Griffith Gililland, Nicole Magpusao, William E. Baker, Shane Burreson, Leonard Williams, Christopher M. Chiavola, Brandon Resendez, Niche Fortune, Kesha Haynie, Remy Heng CA $21,000,000 Superceding indictment. FBI.gov
June 17 Justin Zhu, Darnell Mason, Diego Rodriguez, Juan Solis, Jimmy Elizondo, Eli Mendiola TX $1,000,000 Guilty pleas.. FBI.gov
June 17 Bruce Irving Redfield TX $365,000 Indictment. FBI.gov
June 17 Robert Brooks, Cheryl Brooks, 20 others TX $20,000,000 Indictment. FBI.gov
June 17 AARON DUNCAN MO na Pending sentencing. Justice.gov
June 17 KENNETH NEELY MO na 37-month sentence. Justice.gov
June 17 JAYSON MONROE MO 1 loan Sentencing set for this month. Justice.gov
June 17 RELDA STEWART MO 1 loan Trial started. Justice.gov
June 17 Andre Johnson IL $610,000 Charges filed. FBI.gov
June 17 Bruce Brown, Brigitte Grose, Mario Moore, Walker Smith, Anne Taylor, Bernard Sheppard IL $1,800,000 Charges filed. FBI.gov
June 17 former Remax realtor TX unknown Indictment. Justice.gov
June 17 4 defendants TX $7,500,000 Guilty please tied to Calibre Homes. Justice.gov
June 17 Rosa Amelia “Rosie” Fernandez, Raul Rocha, Luis Ramos, Rogelio Vega, Patricia Vega, Leticia Hernandez, Eduardo Magdaleno, Richard Ceniseroz, Lilibell Meza, Eduardo Reyes CA $25,000,000 Arrests, indictments. Justice.gov
June 17 Miriam Sukey Estrada, Adela Naranjo, Maria Del Rocio Partida, Juan Manuel Banales Venegas aka "Chicken Little" CA $10,000,000 Arrests, indictments. Justice.gov
June 17 Michael Capodici, Linda Marie Kot, Jeffrey Palladino, Michael Blair NV $8,000,000 Indictments. Justice.gov
June 17 Cazas, et al. FL $8,000,000 Charges filed. Justice.gov
June 17 Quiroz FL $400,000 Case pending. Justice.gov
June 17 Gonzalez FL $11,250,000 Case pending. Justice.gov
June 17 Maria Lozada (4 total) FL $6,000,000 Charges filed. Justice.gov
June 17 Gallego FL $2,000,000 Case pending. Justice.gov
June 17 Jason Vitulano, et al. FL $5,000,000 Case pending. TopDot employee. Justice.gov
June 17 Basilio, et. al. FL 6 properties Case pending. Justice.gov
June 17 Jeffrey Phillips, et al. FL $7,500,000 Charges filed. Justice.gov
June 17 Marcos Salazar, et al. FL 1 transaction. Case pending. Justice.gov
June 17 Yvette Gonzalez Valdes, et al. FL $600,000 Charges filed. Justice.gov
June 17 Michael Samuda FL $1,250,000 Case pending. Justice.gov
June 17 Anson Joachin, et al. FL $2,500,000 Case pending. Justice.gov
June 17 Medina, et al. FL $16,900,000 Charges filed. Justice.gov
June 17 Ramos, et al. FL $11,250,000 Charges filed. Justice.gov
June 17 Yolette Antoine, Constance Powell FL $4,400,000 Charges filed. Justice.gov
June 17 Jesse Steven Moxness, Thanh Van Ngo, Dang Hai Nguyen, Vince Long Nguyen, Trung Quang Tran MN $20,000,000 Indictment. FBI.gov
June 17 Kimithi "Kippy" Davis NC mulitple transactions Guilty plea in April. The News and Observer
June 17 Drew Sharreff-El, Ericka L. Flood, Todd C. Snead, Stephen E. Carr, Alicia Renee Taylor, Vic F. Henson, Landrick O.A. McClain, Jamilia N. Brown, Bonnie S. Ramey, Sarena A. Mobley, Danyelle Eason NC $2,830,000 Indictment unsealed. Victim was Horizon Home Loans. Justice.gov

Charlotte Business Journal

June 17 MENACHEM YOSEF LEVITIN aka Joseph Levitin CT 40 transactions Arrest on May 13. Justice.gov
June 17 Syed A. Babar, NATHAN RUSSO, THOMAS GALLAGHER, MORRIS OLMER, DAVID AVIGDOR, MAURIZIO LANCIA, DAVID KINNEY, STACEY PETRO, MICHAEL RUSSO, YUNIO GONZALEZ, MELISSA VALENTIN, MICHAEL HODGES, JANE SOULLIERE, MARIA LOGAN, CT $10,000,000 Indictment filed in April. Justice.gov
June 17 Jose Guzman, William Athan, Brian Guimond, Rosa Garcia, Isaura Guzman, MAURIZIO LANCIA, DAVID KINNEY, STACEY PETRO, MICHAEL RUSSO, YUNIO GONZALEZ, MELISSA VALENTIN, MICHAEL HODGES, JANE SOULLIERE, MARIA LOGAN, CT loss of more than $3,600,000 Additional 10 defendants indicted. Justice.gov
June 17 Joseph Daniele FL 400 properties. Arrest. Justice.gov
June 17 Michael Joseph Chadwick FL properties valued at $2,200,000 Plea scheduled. Justice.gov
June 17 Joseph Ulysses Grant IV FL $1,000,000 Trial set. Justice.gov
June 17 David Wesley Vickers FL 20 properties worth nearly $3,000,000 Trial set for July. Justice.gov
June 17 Troy Bossert, Tyler Forrey, Ryan O'Brien, Stephen Petrovich, Steven Reese, James O’Brien, Sang Min a/k/a “Sonny” Kim FL losses of $6,400,000 Sentencing scheduled for 6 defendants. HUD loans involved. Justice.gov

Justice.gov

June 17 Kenneth McGavitt PA $3,000,000 Indictment. Justice.gov
June 17 David Landman PA series of loans Indictment Justice.gov
June 17 Jason Lewis, Dean Ackinclose PA multiple transactions. Charges filed. Justice.gov
June 17 Ralph Esposito, James Ross, William Buchko PA multiple transactions Charges filed. Justice.gov
June 17 Richard Veazey PA 2 conspiracies Indictment. Justice.gov
June 17 Anthony Pearson PA multiple appraisals Indictment. Justice.gov
June 17 Lisa Gerideau-Williams PA multiple Indictment. Justice.gov
June 17 John Polosky PA 2 conspiracies Guliy plea. Justice.gov
June 17 John Polosky, Kenneth C. Cowden PA 2 conspiracies $386 million in fraudulent appraisals. Justice.gov
June 17 Daniel Gillen PA multiple transactions Guilty plea in April Justice.gov
June 17 Jeanette Gray PA multiple appraisals Guilty plea in April. Justice.gov
June 17 Michael Dokmanovich PA multiple transactions Guilty plea in May. Justice.gov
June 17 David McCloskey PA multiple transactions Guilty plea. Justice.gov
June 17 Robert Danenberg PA $5,000,000 2-year sentence in May. Justice.gov
June 17 Ann Marie Tonkovich PA multiple transactions 1-day sentence. Justice.gov
June 17 Eric Hall, Jason Moreno, Crystal Spreng, Robert Arakelian, Karen Atkison, Daniel Sporrer PA na Charges filed against and Mail. Justice.gov
June 17 Ronnie Edward Duke, William Camsell Wells III, Wilinevah Richardson, Ryan Andrew Zundel, Robert Charles Brierley, Nicole Lynn Turcheck, Anthony Edward Peters MI 500 loans/losses exceed $100,000,000 Charges filed. FBI.gov
June 17 William Poff WA several million Convicted. StarTribune.com
June 17 Jeffrey Winters, Linda Dru Domenic AZ $8,700,000 Charges filed. Victims include First Arizona National Bank, National Bank of Arizona, Wachovia Mortgage, Bank of Tucson, M&I Bank www.azstarnet.com
June 16 Michael Capodici, Linda Marie Kot, Jeffrey Palladino, Michael Blair NV $8,000,000 Indictments. Justice.gov
June 16 J. Rzegocki OR $569,000 Information filed. Justice.gov
June 16 Thomas OR $773,000 Information filed. Justice.gov
June 16 Hoda Samuel, Connie Devers, Dana Faulkner, Charles Robert Maness, Tracy Painter, Sean Patrick Gjerde, Ronald Burris, Ygnacia Bradford, Nicole Dawson, Daniel Harrison, CA 30 properties Charges filed. DOJ.com
June 16 Eric Ray Hernandez, Monica Marie Hernandez, Evelyn Brigget Sanchez CA $2,500,000 Indictment returned. DOJ.com
June 16 Eugenio Mendes, Jairo Nunes NJ multiple loans. Active case. stopfraud.gov
June 16 Genilza R. Nunes, NJ $2,152,800 Charges filed. stopfraud.gov

NJ.gov

June 16 Eric Ray Hernandez,Monica Marie Hernandez, Evelyn Brigget Sanchez CA $2,500,000 Arrests. Justice.gov
June 16 Hoda Samuel, Connie Devers, Dana Faulkner, Charles Robert Maness, Tracy Painter, Sean Patrick Gjerde, Ronald Burris, Ygnacia Bradford, Nicole Dawson, Daniel Harrison CA 30 properties invovled Indictments. StopFraud.gov
June 16 Rodrigo Molina, Domingo Fuentes, Manuel Salgado, Vilma Dacruz, Eugenio Mendes, Lucilene Guido aka Lucilene Da Silva Rios aka Lucy Guido, Roberta Ferreira, Genilza Nunes aka Geane Nunes, Rogerio Silva, Rui Talaia, Joelma Graca, John Malheiro, Viviane Bernardim aka Viviane Bernardin aka Viviane Pereira, Theresa Dattalo, Matthew DiBenedetto, Genady Macedo, Iodete Pereira, Sarah Santos, Ioneides Sousa, Jorge Toledo aka Vinny Toledo, Simone Fernandes, Edivaldo dos Santos aka Eddie Dos Santos, Roberta Ferreira, Ricardo Muniz, Faye B. Cargill-Flores aka Faye Flores, Maria Lourdes Sousa aka Lourdes Sousa, Rosa Damasceno, Raquel Berger, Cesar DeSouza aka Geraldo DeSouza, Jairo Nunes NJ $5,500,000 Criminal complaints unsealed. FBI.gov

stopfraud.gov

June 15 CHRISTOPHER BERNARD LOVING GA na Information filed. FBI.gov
June 15 Campagnolo, Roger FL $633,500 10-month sentence. Justice.gov

Justice.gov

June 15 ARTHUR JAMES MARSHALL, JR., GA restitution of $3,600,000 69-month sentence. FBI.gov
June 15 Tyler Fitzsimmons, Shannon Egeland, Jeremy Kendall, Garret Towne, Shaun Little, Del Barber, Jr., Jeffrey Sprague, Barbara Hotchkiss and Kevin Palotay OR $16,000,000 Guilty pleas by Egeland, Kendall and Barber. Justice.gov
June 15 Tyler Fitzsimmons, Shannon Egeland, Jeremy Kendall, John Partin OR $25,000,000 Guilty pleas by Egeland and Kendall. Justice.gov
June 15 N. Rzegocki OR $335,000 Information filed. Justice.gov
June 15 Shannon Egeland, Jeremy Kendall, Del Barber Jr., Robert Brink, Teresa Ausbrooks, Michael Wilson OR $19,000,000 Guilty pleas by 5. FBI.gov
June 15 Timothy Brooks, Adam Spruill VA losses up to $20,000,000 Guilty pleas. Justice.gov
June 15 Charles T. Wilson, Lynda Wilson FL $400,000 Guilty pleas. The Tampa Tribune
June 15 David Reback, Eileen Potash, Mildred Didio, Frank Corigliano, Amerigo DiPietro, Doreen Swenson Hubert "Phil" Hall, Wilma Shkreli aka Wilma Gecay NY $1,400,000 5 defendants to go on trial. Argent Mortgage Co., Fremont Investment and Loan were victims. LOHUD.com
June 14 Kimberly A. Castle, Kenneth Stalnaker, Richard Lucas MS multiple MS supreme court grants disbarment. www.mssc.state.ms.us
June 14 J. Shoop OR $559,920 Information filed. Justice.gov
June 14 SABIR MOGHUL CT $3,280,000 Guilty plea. Lehman and WaMu victims. FBI.gov
June 14 Omar Martinez, Joaquin Calderon IL single home Calderon convicted. Pioneer Press
June 14 Danyelle C. Eason, Elizabeth McPhaul aka Elizabeth Jordan, Gregory William Coleman, Dan Richards, Jennifer Jackson, Reuben M. Clarke III, Linda L. Clarke, Rick Lee Phillips, Kiki Lewis Sherald, Walter T. Staton Jr. NC multiple transactions involving pricey homes 10 plead guilty. charlotteobserver.com

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