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Mortgage Fraud Archives

Week Ending July 08, 2011

Mortgage Fraud News

Case Activity

Prestigious Law Firm Tangled in Fraud Case
July 7 -- Two former employees of a prestigious law firm in Tampa, Fla., are accused of participating in a $6.9 million mortgage fraud scheme. A property management agreement used in the scheme was allegedly drafted by the law firm.
read full story at MortgageDaily.com

Husband, Wife & Daughter Plead Guilty
July 7 -- To say that the apple doesn't fall far from the tree is an understatement in a Texas case involving more than 70 properties.
read full story at MortgageDaily.com

Real Estate Agent Created Fake FHA Verifications
July 7 -- A real estate agent in Texas who admitted in May to participating in a mortgage fraud scheme eight years earlier is set to be sentenced in September. The agent allegedly created fake verifications on government-insured mortgages.
read full story at MortgageDaily.com

LOs Indicted in Reverse Fraud Scheme
July 7 -- Genworth Financial was defrauded by three loan originators who, the government claims, inflated appraisals to generate $2.6 million in proceeds on 14 reverse mortgages.
read full story at MortgageDaily.com
(subscription required)
Employees at Citigroup Unit Indicted
June 28 -- Nine former employees of a Citigroup Inc. subprime wholesale lending subsidiary -- including underwriters, account managers and supervisors -- are accused of colluding with appraisers, borrowers and mortgage brokers to fraudulently fund a hundred Ohio mortgages. The indictments are part of the biggest mortgage fraud case in U.S. history.
read full story at MortgageDaily.com
(subscription required)
AZ Escrow Officer Part of Dallas Fraud Scheme
June 27 -- An escrow officer for American Title Insurance was among five people indicted in scheme involving $8.8 million in mortgages on Dallas properties.
read full story at MortgageDaily.com
Date Defendants State Amount of Loans Overview Source
Jul 8 Scott L. Johnson, Hector I. Molina OH $2,320,000 Indictments. NBC4i.com
Jul 8 Linda Abdullah, Eric Waldon, Rolando Hampton, Felicia Hairston, Jacqueline Holt, Andrew Holt MI Multiple properties Indictments. Department of Justice
Jul 8 Deon Jackson, Anthony Lewis, Maria Arriaza, Jennifer Le, Matthew Balsz, Freddy Lentz CA $4,000,000 Indictments. DailyBreeze.com
Jul 8 Jim McConville CA Multiple properties Guilty plea. ABClocal.com
Jul 7 Jean Teresa Hoffert IA Multiple properties Convicted. Department of Justice
Jul 7 Wayne Fumea PA Multiple properties Convicted. Post-gazette.com
Jul 7 James Sims, Karen Harris, Linda Warner, Gerald Spuzzillo, Denise O'Brock Kobus, Michael Scola, Angela Pasternak, Terry Forbes, Gerald Steinkuehler, Dee Anne Shaw, Kirk Porter, David Mongriotis, Erin Foley-Ottaviano OH $13,000,000 Arraignments. Cleveland.com
Jul 6 Louis Gendason, Kimberly Mackey, John Incandela, Marcus Echevarria FL $2,500,000 Indictments. Department of Justice
Jul 6 Toshia Ramsey TX Multiple properties Pleaded guilty. Trial date set for September 19, 2011. MortgageDaily.com
Jul 6 Gregory Lashon Thomas, Aja D. Crawford, Ernest Ohenekitiwa McMillan TX $6,000,000 Pleaded not guilty. Trial date set for August 29, 2011. Department of Justice
Jul 5 John F. Hochrek, Jr., Paul Zaleski, Thomas Pembroke, Robert Farrell, Patricia Kay WI Multiple properties Hochrek sentenced to 6 months prison plus 3 years supervised release and restitution. Department of Justice
Jul 5 Claymon "Butch" Trammell, Jeannettea Williams, Michelle Trammell TX $2,500,000 Guilty pleas. Department of Justice

archived case entries back to 2005

 
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