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Mortgage Fraud Archives

Week Ending July 13, 2012

Mortgage Fraud News

Case Activity

Criminal Defense Attorney Gets Break on $9 Million Fraud Sentence
July 12 -- The sentencing of Charles Murphy started with a question that might have been on the minds of anyone who has followed the career of the veteran Chicago criminal defense attorney.
read story at Mortgage Daily

Probation for Straw Buyer Who Was Paid $5,000
July 12 -- A man who pleaded guilty to concealing an $11 million mortgage fraud scheme was sentenced to two years of probation Wednesday.
read story at Mortgage Daily

Mortgage Fraud Rising on New Originations in NJ, CO
July 11 -- The latest mortgage fraud data suggest increasing problems in the states of New Jersey and Colorado. Another area of growing concern is collusion between industry professionals. Fraud on new originations in Florida, however, appears to be past its peak.
read story at Mortgage Daily
(subscription required)

Fraud Trial Begins in $142 Million Mother-Son Case
July 9 -- Jury selection began Thursday, July 5, in a $142 million mortgage and securities fraud trial of a Murrieta, Calif., mother and son in which small-potatoes California and Arizona investors were persuaded to turn over their retirement savings and funds, max out credit cards and refinance homes to fund dubious investments in everything from real estate to foreign currency to jewels.
read story at Mortgage Daily

Realtor Admits to $10 Million Scheme With Prison Guards
July 9 -- A young real estate agent has admitted that he and a group of prison guards were involved in a scam involving rundown houses in New Haven, Conn., that swindled $10 million from banks issuing mortgage loans.
read story at Mortgage Daily

500 Fraudulent Mortgages Caused $100 Million in Losses
July 9 -- A Fenton, Mich., man pleaded guilty today to running a massive mortgage fraud scheme that cost lenders more than $100 million in losses -- some of which was used to buy cars, boats, trips and a helicopter for several con-artists who were in on the scam, according to authorities.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Jul 13 Celia Thomas MA $535,676 in restitution Sentenced to 41 months. Department of Justice
Jul 13 Michael Raphan (16 total) NY $66,000,000 Convicted. Department of Justice
Jul 13 Simon Saeid Koli, Kian Ashkanizadeh CA $4,000,000 Defendants pleaded guilty. Department of Justice
Jul 13 Christopher Jon Andrews MN Multiple properties Indicted. Department of Justice
Jul 12 Carl Edward Powers IN Undisclosed Indicted. Department of Justice
Jul 12 Denise Dunlap OH Multiple properties Pleaded guilty. Delaware County
Jul 12 Charles Williams, Jarrod Williams, Julius Williams, Jemilat Williams, Christopher Carter TX $1,600,000 Indicted. Department of Justice
Jul 12 Jesus Sira, Nestor Urdaneta, Maria Urdaneta, Vanessa Urdaneta FL $1,848,750 Indicted. Department of Justice
Jul 12 Mary Armstrong, Teresa Rose, William Fountain, Justin Mensen CA $11,000,000 Indicted. Department of Justice
Jul 12 Charles Murphy, John Farano, Robert Brunt, Tracey Scullark IL $5,450,000 Defendants sentenced. Department of Justice
Jul 12 Raymond Paul Morris, Deborah L. Joyce, Michael Hurd WV $2,000,000 Morris pleaded guilty. Department of Justice
Jul 12 Bradford J. Rieger, Ronald E. Hutchison, Menachem Levitin CT $10,000,000 Rieger pleaded guilty. Department of Justice
Jul 11 Jeffrey Weisman, Ronald E. Hutchison, Menachem Levitin CT $10,000,000 Weisman pleaded guilty. Department of Justice
Jul 11 Kevin Scott Wiebe, Timothy Brooks, Adam Spruill VA $11,000,000 Wiebe sentenced to 2 years probation. Department of Justice
Jul 10 Arturo Gonzalez, Jubran Dighlawi CA Multiple properties Gonzalez pleaded guilty.
Jul 9 Sierra Developers, Chekeelah Phelps (18 total) TX $600,000 Convicted.
Jul 9 Gregory Flores CA $1,100,000 Sentenced to 144 months prison. Department of Justice

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