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Last Updated Friday, May 29, 2009 10:00 PM Texas Time


Mortgage Fraud News

Case Activity

July 3, 2009

NY Fraud Task Force Formed
The district attorney of Westchester County, N.Y., has formed a task force to to actively investigate mortgage fraud and is seeking $1.1 million from the U.S. Department of Justice.
read full story at Westchester.com
June 29, 2009

PA Passe Fraud Legislation
Two new laws passed in Pennsylvania are designed to prevent a repeat of the kind of fraud committed by Wesley Snyder -- who tricked borrowers into sending payments to him under the false premise that he would pay down their loans early.
read story from Harrisburg Times

read story from Associated Press

Reporting Mortgage Fraud
Residents in the Indianapolis are should report suspected mortgage fraud to either the FBI's local field office, the state attorney general's consumer protection division or the local HUD office.
read full story at the The Star
June 24, 2009

Convicted Fraudster Busted for Bigamy
Victor Clavizzao, who had already been convicted of mortgage fraud in a $5 million scheme, married for the fifth time even though he hadn't divorced his first or fourth wives.
read story at the Sun Sentinel
June 23, 2009

Florida Fraud Fight
Police in Miami-Dade County made fighting mortgage fraud a top priority as early as 2006.
read story at Huffington Post
June 22, 2009

Fraud Avoidance Tips
Among tips outlined for avoiding mortgage fraud were to be careful what you sign, be wary of direct solicitation and get professional advice.
read story at Examiner.com
June 17, 2009

First American Acquires Mortgage Fraud Firm
First American CoreLogic announced today the acquisition of BasePoint Analytics LLC -- a firm that specializes in mortgage fraud prevention.
read full story at MortgageDaily.com

Gov Report Gives Safe Harbor on Info Sharing
The Financial Crimes Enforcement Network said financial institutions will be shield from civil liability under the Patriort Act if they share information with each other about crimes such as mortgage fraud.
read full Dow Jones story

June 16, 2009

Interthinx Appeals to Treasury Secretary
Interthinx outlined key mortgage fraud issues facing the industry in a letter to U.S. Treasury Secretary Timothy Geither and others on Capitol Hill.
read press release
June 15, 2009

Delaware Forms Fraud Task Force
Delaware's attorney general's office forme a mortgage fraud task force.
read story at The News Journal

Texas AG Discusses Mortgage Fraud
Texas Attorney General Greg Abbott talked about the growing problem of mortgage fraud. He hosted a recent conference that enabled participants, including government agents, the private sector and other organizations -- shared information on attacking mortgage fraud.
read full story at KERA
June 11, 2009

Busines at Fraud Investigator Soars
Management Resources LTD of New York reported that the 300 fraud investigations it has conducted during the past 12 months is a 100 percent from 2007.

The Monroe, N.Y.-based civil and criminal investigative firm said it reviews data on income, assets and liabilities. It also reviews onsite property inspections
read full announcement
June 9, 2009

$37 Million Thrown at Fraud Problem
The secretaru of the U.S. Department of Housing and Urban Development told attendees at the National Fair Housing Alliance Conference that the fiscal 2010 budget requests $37 million for an agency-wide initiative to combat mortgage fraud and predatory lending.
read full speech at HUD.gov
June 8, 2009

Texas AG Holds Fraud Conference
The Texas Attorney General's office is holding a Mortgage Fraud Summit on June 15 at the University of Texas.
read full story at Austin Business Journal

Modesto Mortgage Fraud Team Assembled
The FBI, IRS and Secret Service have joined with local law enforcement officials in Modesto, Calif., to fight fraud in the San Joaquin Valley. In Stanislaus County, 40 mortgage fraud cases are open at any given time.
read story at Modesto Bee
Date Defendants State Amount Overview News
July 3 Jason Todd Morgan KC n.a. Guilty plea for defendant with cancer. Kansas City Star
July 3 Scott Alexander KS $198,266 365-day sentence. Kansas City Star
July 2 Frederick Earle Deen III MN $18,000,000 Guilty plea for co-owner of Legacy Lending. Pioneer Press
July 2 Shawn E. Pass, Joy J. Freeman OH 3 houses involved Mortgage fraud sentencing tied to cocaine drug trafficking. Columbus Dispatch
July 2 Benjamin Tubbs, Kevin Murphy, Karl Mullins, Cynthia Underdew, Karen Axline, Kevin Gray, Nina Masseria, Tim Arrington, Joseph Colegrove, Scott Walisa, Terri White, Earron West, Nina Dearing OH $9,000,000 Owners of Premier Mortgage Funding, North American Real Estate Services and One Residential arrested. Columbus Dispatch
July 2 Scott Alexander, Wildor Washington Jr., Victoria Bennett, Terrance Cole, Maurice Ragland, Kara Robinson-Franks KS $14,000,000 1-year sentence for former owner of Atlantic Mortgage. Kansas City Business Journal
July 1 Joseph DeVito, Mary Ann Palladino-DeVito NY $1,000,000 Husband and wife who owned Fidelity Title franchise arrested. Staten Island Advance
July 1 Uto Essien CO $10,900,000 Owner of Essien and Co. Realty Ltd. and EU Enterprise convicted with sentencing set for Aug. 26. Dever Business Journal

Denver Post

July 1 Beazer Mortgage Corp., Beazer Homes USA Inc. US settlement of
Beazer settled with DOJ, HUD over fraudulent FHA loans. MortgageDaily.com


June 30 Ronald Luczak, Nelson Alex Gonzalo, Sandra Mainardi, Lisa Luczak FL $30,000,000 22-year sentence. news-press.com
June 30 Yi Feng Reid, Yu Jane Chen, George Liu, Ji Gang Chen NJ $850,000 I.D. theft defendants charged. Associated Press


Philadelphia Daily News

Bergen NOW


June 30 Terrance Givens NJ n.a. Charged with lying on mortgage app. Associated Press


June 30 Ramon Coscolluela NJ n.a. Owner of Temple Group L.L.C. charged with collecting fees to help with mortgage fraud. Associated Press


Philadelphia Inquirer

June 30 Mark D. Blunt DC property sold 3 times for total of:
Defendant helped fraudulently sell house 3 times. Third sale made property 7th most expensive sale in the area. Washington Examiner
June 29 Jose G. Martin FL $9,200,000 65-month prison sentence. NorthJersey.com
June 26 Joel D. Surprenant, Michael Duc Han, Benjamin Lucian Lucescu OR n.a. Defendants charged. The Oregonian


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