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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Date Defendants State Amount of Loans Overview Source
Jun 24 Joseph Brown AZ $10,000,000 Guilty plea.
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.
Jun 23 Jonathan Glucker, Heather Kabobel, George Bobka Sr., Thomas Brustad (14 total) CA $47,000,000 Guilty pleas.
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.
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.
Jun 21 Lisa Rotolo, Jonathan Glucker, Heather Kabobel, George Bobka Sr., Thomas Brustad, Rich Bobka (14 total) FL $47,000,000 Rotolo pleaded guilty.
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.
Jun 21 Cedric Nelson NV $900,000 Indicted.
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.
Jun 21 Richard Lawrence Veazey PA Multiple properties Guilty plea. Department of Justice
Jun 21 Randall Lobel MN $135,000 Charged.
Jun 20 Roger Bill Hanks MN $20,000,000 Charged.

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