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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
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The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending July 13, 2012
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Mortgage Fraud News
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Case Activity
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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
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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
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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)
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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
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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
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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
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| 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. |
UTSanDiego.com |
| Jul 9 |
Sierra Developers, Chekeelah Phelps (18 total) |
TX |
$600,000 |
Convicted. |
Star-Telegram.com |
| Jul 9 |
Gregory Flores |
CA |
$1,100,000 |
Sentenced to 144 months prison. |
Department of Justice |
archived case entries back to 2005
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