twitter linkedin
facebook google+
Mortgage News

Search
Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
 
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News

Sign Up for Free Mortgage Fraud Newsletter


Mortgage Fraud Archives

Week Ending July 12, 2012


Mortgage Fraud News


Case Activity


Prison Avoided in $1.7 Million Fraud Case
July 12 -- DAYTON, Ohio -- A federal judge on Thursday gave no prison time and told, "Godspeed" to a North Carolina man convicted by a jury of four counts related to defrauding a local bank and the U.S. Small Business Association out of $1.7 million.
read story at Mortgage Daily


Decade in Prison for FL, OH Mortgage Fraud
July 11 -- A federal judge called an Akron, Ohio, man an "economic predator" before sentencing him this week to 10 years in prison for running massive mortgage fraud schemes in Ohio and Florida.
read story at Mortgage Daily


Man Claims to Earn $4 million a year for Mortgage
July 8 -- NORFOLK, Va. -- As the owner of a Virginia Beach company called Biocer, Irfan Jameel reported annual income as high as nearly $4 million. He also once held himself out as a cardiologist.
read story at Mortgage Daily



Date Defendants State Amount of Loans Overview Source
Jul 12 Kimberly Eileen McMillian (aka Kimberly Simmons and Kimberly Simmons McMillian), Glenroy E. Day, Sr. MD $1,000,000 in losses Pleaded guilty. Department of Justice
Jul 12 Rhonda Scott, Emeka Udeze, Shola Risikat Balogun, Niesha Williams MD $2,500,000 in losses Scott pleaded guilty. Department of Justice
Jul 11 Edgar Galdamez MD $515,000 in losses Pleaded guilty. Department of Justice
Jul 11 Jawad "Joe" Quassani, Anita Mathurm, Shirjil "Sean" Qureshi NV Multiple properties Quassani convicted. Department of Justice
Jul 11 Mark R. Dain VA $7,000,000 in losses Pleaded guilty. Department of Justice
Jul 11 Paul David Musgrave OH $1,700,000 in resitution Sentenced to 3 years supervised release. MortgageDaily.com
Jul 10 Michelle V. Mallard (91 total) NC Multiple properties Changed plea from "not guilty" to "guilty" during trial. Department of Justice
Jul 10 Justin Lee Rooks, Michael Thomas Bartlett, Robert Harold Melville, Jr., Anthony Michael Tew NC Multiple properties Sentencing scheduled. Department of Justice
Jul 10 James Thomas Webb, Amy Robinson, Jackie Gale Weaver, Larry Max McDaniel NC Multiple properties Robinson, Weaver, and McDaniel pleaded guilty. Sentencing scheduled for all. Department of Justice
Jul 10 David Lewis Johnson, Arthur Lee Barnes, Jr., Mark Tkac, Mark Thomas Bowe, Lilliana Delia Deiac, Jeffery Scott Taggart NC Multiple properties Johnson, Barnes, Tcak pleaded guilty; Taggart previously sentenced; Bowe indicted; Dieac indicted Department of Justice
Jul 10 Dexter Tirrell Jones, Ricky Lamont Congleton, Phillip Graham Rose, Vincent Maldini, Johnny Ray Peele, Joseph Carl Hollis, Dwayne Thomas Hall, Treshell Mayo Herndon NC $20,000,000+ Indicted. Rose, Jones, Congleton, and Maldini pleaded guilty. Department of Justice
Jul 8 Robert Heckinger AZ $45,055 in restitution Sentenced to 60 months probation. MortgageFraudBlog.com
Jul 8 Kevin Derricott CA $3,430,000 in restitution Sentenced to 20 months. Department of Justice
Jul 8 Jack R. Coppenger, Andrew Norman, Jason Herceg (40+ total) OH $36,000,000 in losses Coppenger sentenced to 10 years. Department of Justice

archived case entries back to 2005

 
Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.


Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news