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Mortgage Fraud Archives

Week Ending July 27, 2012

Mortgage Fraud News

Case Activity

Dozens of Straw Buyers Involved in $15 Million Scheme
July 25 -- Eric Maratea, 27, a house painter from Philadelphia who earns approximately $250 a week, on June 20, 2007 purchased a condominium unit at 2401 Surf Avenue in North Wildwood for $617,000.
read story at Mortgage Daily

Realtor Stripped Equity, Defrauded Lenders
July 23 -- A former East Berlin, Pa.-area woman has been sentenced to serve nearly 20 years in federal prison for defrauding homeowners out of more than $2.4 million between 2006 and 2008.
read story at Mortgage Daily

Mortgage Fraud Case Involves Attempted Murder
July 23 -- The U.S. Department of Justice Tuesday unsealed a 26-count indictment against a Bakersfield, Calif., family and their associates, accusing them of causing $5 million in lender losses in a years-long mortgage fraud scheme.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Jul 27 Teresa Rose, Mary Armstrong, William Fountain, Justin Mensen CA $5,000,000 in losses. Rose pled guilty.
Jul 26 Clint Bryson Rogers, Shannon Kato, Ernest Babbini, Drew Hull AZ $2,500,000 in losses. Rogers sentenced to 5 years. Department of Justice
Jul 26 Carline M. Charles DC $4,000,000 Pled guilty. Department of Justice
Jul 25 Cynthia Darlene Strickland, Juan Carlos Gonzalez, Barry Westergom FL $685,410 Strickland sentenced to 18 months. Lehman Brothers Bank a victim lender. Department of Justice
Jul 24 Steven Klebosits, Thomas Hyland, Joseph Natalizio, Diomede Cardone, Jason Strever, Joseph Abate, Yusef Allan IL $8,500,000 forfeiture saught. Indicted. Department of Justice
Jul 23 Daniel Layton, Patrick O'Connor, Tiffeney Dennis, Loren Segal (17 total) OH $7,000,000 Layton sentenced to 5 months.
Jul 23 Jerrall Collier OH $486,500 Sentenced to 2 years.
Jul 23 Donald Kohut Jr. NJ $115,000 Indicted.
Jul 23 Theidore Easter, Edward Tate MI $1,000,000 in losses. Pled guilty.

archived case entries back to 2005

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