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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.
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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.
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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.
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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.
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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.
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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.
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Date Defendants State Amount of Loans Overview Source
Jul 8 Scott L. Johnson, Hector I. Molina OH $2,320,000 Indictments.
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.
Jul 8 Jim McConville CA Multiple properties Guilty plea.
Jul 7 Jean Teresa Hoffert IA Multiple properties Convicted. Department of Justice
Jul 7 Wayne Fumea PA Multiple properties Convicted.
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.
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.
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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