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Mortgage Fraud Archives

Week Ending June 24, 2011

Mortgage Fraud News

Case Activity

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
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
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
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
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
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
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
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

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