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Mortgage Fraud Archives

Week Ending June 29, 2012

Mortgage Fraud News

Case Activity

Mortgage Fraud Reports Retreat from Year Ago
June 27 -- While overall reports from banks and credit unions about suspicious financial activity have increased by 10 percent over the past year, the reports related to mortgage fraud tumbled by nearly a third. But activity still remains over-inflated compared to four years ago.
read story at Mortgage Daily
(subscription required)

Fraudulent FHA Loans at Center of Miami Case
June 27 -- Alejandro "Alex" Curbelo, a 32-year-old Miami man, was sentenced in federal court in Miami to 54 months in prison and ordered to pay $9.2 million in restitution to the U.S. Department of Housing and Urban Development for his involvement in a mortgage-fraud scheme.
read story at Mortgage Daily

4-Year Sentence for Ohio State Trooper
June 27 -- A former Ohio State Highway Patrol trooper was sentenced to 50 months in federal prison Monday for his role in a mortgage-fraud scheme in Franklin County, Ohio.
read story at Mortgage Daily

Civil, Criminal Actions Continue Against Foreclosure Rescue Firms
June 25 -- Criminal and civil actions are being taken by state and federal agencies against foreclosure-rescue firms. Many of the defendants illegally collected up-front fees and made promises about stopping the foreclosure process or obtaining loan modifications that they couldn't deliver. Other tactics involved debt-elimination schemes or touting services provided by lawyers though no licensed attorneys were actually used. Mortgage fraud was used in at least one case.
read story at Mortgage Daily
(subscription required)

CA Firm's Owners, LOs Plead Guilty to Mortgage Fraud
June 25 -- Five people with ties to a Hayward, Calif., mortgage brokerage company pleaded guilty in federal court to wire fraud, conspiracy to commit wire fraud and filling out false statements, authorities announced Friday.
read story at Mortgage Daily

Florida Worst State in Mortgage Fraud Index
June 25 -- Although mortgage fraud continues to eat up government resources, the latest data indicate activity is leveling off. But the worst state saw deterioration.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Jun 29 Adebowale Sheba, Johnson Coker, Ugochukwu H. Madubuike, Taiwo D. Daisi NJ Multiple properties Pleaded guilty. New Jersey Attorney General
Jun 29 David C. Christian MD $4,300,000 Pleaded guilty. Department of Justice
Jun 28 Robert Martin Tolentino MI $2,000,000 Pleaded guilty. Department of Justice
Jun 27 Melissa Gulledge AL Multiple properties Sentenced to 18 months prison.
Jun 27 Paul R. Tomko OH At least $100,000 Indicted. Department of Justice
Jun 27 James Boyd Douglas, Jr. AL $2,300,000 Sentenced to 45 months prison. Department of Justice
Jun 27 Todd R. Bettin, Gary Pierce MD $4,900,000 Bettin entenced to 51 months prison. Department of Justice
Jun 27 Jeffery Dillard Square AL $61,000 Indicted. Department of Justice
Jun 27 Jeffrey Russell Huldtquist, William Crawford Kellum AL Multiple properties Indicted. Department of Justice
Jun 27 Heidi Komasa, Thomas Komasa VT $2,500,000 Convicted. Department of Justice
Jun 26 Sean Ola-Ojo, Angelo Louissaint, Jennifer Johnson NY $1,714,000 Indicted. Department of Justice
Jun 26 Dirk Minniefield TX $10,000,000 Entered federal diversion program to avoid trial.
Jun 26 Clayton A. Coe GA $800,000 Guilty plea. Department of Justice
Jun 26 Muhammad Safadi, Scott Safadi, Raquel Ramirez CA $5,560,050 Indicted. Department of Justice
Jun 26 Joel Reck PA Multiple properties Pleaded guilty. Department of Justice
Jun 25 Howard R. Shmuckler VA $2,800,000 Sentenced to 90 months prison. Department of Justice
Jun 25 Benjamin W. Richardson OH $617,600 Sentenced to 50 months prison. Department of Justice
Jun 25 Alejandro Curbelo (aka "Alex") FL $9,200,000 Sentenced to 54 months prison. Department of Justice

archived case entries back to 2005

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