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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.
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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 24, 2011
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Mortgage Fraud News
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Case Activity
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Conviction for 1 of 3
June 24 -- An unemployed borrower who lied on his applications and claimed to earn more than $17,000 a month in order to finance 12 properties has been convicted of mortgage fraud. The jury, however, was unable to agree about convictions for two co-defendants.
read full story at MortgageDaily.com
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Mortgage Fraud Factory
June 23 -- Charges were filed this week in a $23 million case where the defendants allegedly set up a phone system that enabled them to provide verbal employment verifications for seven different bogus companies. The defendants also created phone college transcripts and fake divorce decrees.
read full story at MortgageDaily.com
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NY Politician's Mortgage Fraud Trial Delayed
June 22 -- A former county legislator in the State of New York will have more time to prepare his defense in a mortgage fraud trial while he sits in jail for another crime.
read full story at MortgageDaily.com
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Las Vegas Accountant Busted
June 22 -- An indictment was handed down in a Las Vegas case where an accounting firm owner, who used to work for the Internal Revenue Service, orchestrated a scheme that netted him $900,000.
read full story at MortgageDaily.com
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Realtor Pleads Guilty in $4 Million Case
June 21 -- A former real estate broker has admitted that she took kickbacks from a condominium developer to help unload more than 40 units using mortgage fraud. Her plea follows guilty pleas from an appraiser, a mortgage broker and another real estate agent.
read full story at MortgageDaily.com
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Appraiser, Drugs & Fraud
June 21 -- Last week, a Pennsylvania appraiser was was sentenced to more than three years in prison for dealing cocaine. This week, he pleaded guilty to mortgage fraud.
read full story at MortgageDaily.com
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57 Homes, $20 Million in Loans and $600k in Kickbacks
June 21 -- A scheme to buy 57 Minnesota properties with $20 million in fraudulent mortgages earned a Minneapolis man $600,000 in kickbacks. It also earned him a federal charge of conspiracy to commit wire fraud.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Jun 24 |
Joseph Brown |
AZ |
$10,000,000 |
Guilty plea. |
AzCentral.com |
| Jun 23 |
Fredrick Lee Moore, Fredrick Barnard Lynch, Randell Dean Miller, Halid Amer, Theresa Fey Barsema |
TX |
$9,000,000 |
Indicted. |
Department of Justice |
| Jun 23 |
William Vaughan, Craig Chambers, Jon Nevins, Patrick Friedl, Tom Crowley |
KS |
$485,000 |
Indicted. |
BizJournals.com |
| Jun 23 |
Jonathan Glucker, Heather Kabobel, George Bobka Sr., Thomas Brustad (14 total) |
CA |
$47,000,000 |
Guilty pleas. |
HeraldTribune.com |
| Jun 22 |
Tom Gjokaj, James Wiese, Ilir Dokaj |
MI |
$7,500,000 |
Gjokaj convicted. |
Department of Justice |
| Jun 22 |
Hannah Noel Perlich |
MN |
$3,000,000 |
Indicted. |
Department of Justice |
| Jun 22 |
Raul Burgos Pliego, Alejandro Sanchez, James Ober, Wendy Ober |
MN |
$23,000,000 |
Indictments. |
MortgageDaily.com |
| Jun 21 |
Stephen M. Gunther |
VA |
$231,018.45 in restitution |
Sentenced to 20 months. |
Department of Justice |
| Jun 21 |
Darnell Mason, Justin Zhu, Jimmy Elizondo |
TX |
$2,000,000 |
Guilty plea from Mason. |
MySanAntonio.com |
| Jun 21 |
Lisa Rotolo, Jonathan Glucker, Heather Kabobel, George Bobka Sr., Thomas Brustad, Rich Bobka (14 total) |
FL |
$47,000,000 |
Rotolo pleaded guilty. |
HeraldTribune.com |
| Jun 21 |
Brett Matheson (3 total) |
AZ |
$50,000,000 |
Guilty pleas. |
Department of Justice |
| Jun 21 |
George Guldi, Brandon Lisi |
NY |
Approximately $3,900,000 |
Trial delayed. |
MortgageDaily.com |
| Jun 21 |
Cedric Nelson |
NV |
$900,000 |
Indicted. |
MortgageDaily.com |
| Jun 21 |
Edward McCusker, Jacqueline McCusker, Jeffrey Bennett, Stephen Doherty, John Bariana |
PA |
$14,600,000 |
Edward and Jacqueline convicted. |
Department of Justice |
| Jun 21 |
Sheri Lynn Delich |
MN |
$4,200,000 |
Guilty plea. |
MortgageDaily.com |
| Jun 21 |
Richard Lawrence Veazey |
PA |
Multiple properties |
Guilty plea. |
Department of Justice |
| Jun 21 |
Randall Lobel |
MN |
$135,000 |
Charged. |
MortgageDaily.com |
| Jun 20 |
Roger Bill Hanks |
MN |
$20,000,000 |
Charged. |
MortgageDaily.com |
archived case entries back to 2005
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