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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
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Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending June 18, 2010
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Mortgage Fraud News
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Case Activity
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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
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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
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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
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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
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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
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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
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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
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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
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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
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| 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 |
archived case entries back to 2005
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entries
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