|
|
|
|
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.
Free mortgage news for prospective borrowers.
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. |
|
|
Mortgage Fraud Archives
Week Ending June 22, 2012
|
Mortgage Fraud News
|
Case Activity
|
|
$14 Million Mortgage Fraud Case Yields Guilty Plea
June 21 -- An Eagan man pleaded guilty Wednesday to a mail fraud charge that was part of a mortgage scandal at the Cloud 9 Sky Flats condo development in Minnetonka, Minn.
read story at Mortgage Daily
|
Attorney, Broker & Realtor Among 8 Charged
June 21 -- Federal prosecutors charged eight Miami-Dade residents in a multi-million dollar mortgage fraud scheme that spanned November 2004 to September 2009 at Jade, a luxury downtown Miami condominium.
read story at Mortgage Daily
|
7 IDs Earns Woman 5 Years
June 20 -- An Annapolis, Md., woman was sentenced to five years in prison Monday for using false identities to defraud banks, Social Security and multiple insurers of $2.6 million over a three-year span, federal prosecutors said.
read story at Mortgage Daily
|
Former WV Appraisal Official Pleads Guilty to Appraisal Fraud
June 20 -- CHARLESTON, W.Va. -- A real estate appraiser who once held an appointed position in West Virginia state government faces up to 30 years in federal prison for falsifying appraisal records in North Carolina.
read story at Mortgage Daily
|
Foreclosure Rescue Scheme Used Mortgage Fraud to Strip Equity
June 20 -- A Chesapeake, Va., man was sentenced to nearly 3 years in prison for his role in a foreclosure rescue scheme. Philip Villasis, 41, received the sentence after pleading guilty to conspiracy to commit wire fraud earlier this year.
read story at Mortgage Daily
|
Fannie, Freddie Directed to Report Fraud by Seller-Servicers
June 18 -- Mortgage firms approved as seller-servicers with the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. who are found by a court of law to have committed fraud will now be reported the government. Employees of the firms are also impacted.
read story at Mortgage Daily
(subscription required)
|
Attorney in $15 Million Mortgage Fraud Case Jailed for Bankruptcy Fraud
June 18 -- Charlotte, N.C., real estate lawyer Victoria Sprouse pleaded not guilty to eight charges relating to bankruptcy fraud Friday morning, and was ordered to stay in jail until her trial by the judge, who described the charges as "breathtaking acts of deception by a trained lawyer."
read story at Mortgage Daily
|
Title Company President Headed for Prison
June 18 -- A Parkland, Fla., woman was ordered Friday to pay nearly $6.3 million in restitution and serve more than five years in prison for her role in two separate mortgage fraud schemes in Broward and Palm Beach counties.
read story at Mortgage Daily
|
Salesman Admits to Fraud, Sham Improvements in 2 Home Purchases
June 18 -- Lemuel Thornton, 36, of Las Vegas, admitted late Wednesday to conspiring to defraud mortgage lenders by fabricating loan documents to buy and improve two homes in Riverside County, Calif., according to a statement released Thursday by the Internal Revenue Service.
read story at Mortgage Daily
|
Developer Admits to Deceiving Countrywide on 2 Mortgages
June 18 -- A former Schenectady County builder pleaded guilty Thursday to charges of attempted second-degree grand larceny, a felony, stemming from a mortgage-fraud scheme in 2006 and 2007, state Attorney General Eric T. Schneiderman said.
read story at Mortgage Daily
|
|
| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Jun 22 |
Hasina Safdari, Idriss Safdari, Josue Loayza, Thomas Gomez, Nicolas Munoz |
CA |
$1,200,000 |
Guilty pleas. |
Department of Justice |
| Jun 22 |
Safiyyah Tahir Battles |
OK |
$875,000,000 |
Convicted. |
Department of Justice |
| Jun 22 |
Deowraj "Deo" Buddhu, Sunita D. Buddhu |
CT |
Multiple properties |
Indicted. |
Department of Justice |
| Jun 21 |
Eric Itzi, Timothy Cook, Eric Maratea, Richard VonMinden, Michael Smith, James Esposito |
PA |
Multiple properties |
Itzi pleaded guilty. |
Department of Justice |
| Jun 20 |
Barbara M. Diaz |
FL |
$1,000,000 |
Pleaded guilty. |
Department of Justice |
| Jun 20 |
Joseph Steven Meyer |
MN |
$14,000,000 |
Pleaded guilty. |
MortgageDaily.com |
| Jun 19 |
Andres Mendez (a/k/a "Andy Mendez, Sr."), Andy Mendez (a/k/a "Andy Mendez, Jr."), Lilia Casal-Diaz, Ayadie Carmen Londono, Josephine Santana, Jose Rafael Martinez, Basilio Gomez, Raquel (Carrie) Martinez, Jose Arnaldo Rosario |
FL |
$5,677,500 |
Indicted. |
Department of Justice |
| Jun 19 |
Vickie Kay Lind |
MO |
$391,000 |
Sentenced to 18 months prison. |
Department of Justice |
| Jun 18 |
Winnie Joanne Barefoot |
MD |
$2,600,000 |
Sentenced to 5 years prison. |
Department of Justice |
| Jun 18 |
Philip Villasis |
VA |
Multiple properties |
Sentenced to 33 months prison. |
Department of Justice |
archived case entries back to 2005
|
|
|
|
|
|
|
|
