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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 29, 2011
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Mortgage Fraud News
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Case Activity
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Real Estate Agent Caught in $5 Million Condo Scheme
July 28 -- Charges have been filed against a Minnesota real estate agent in a case involving more than $5 million in mortgage fraud on over 130 condominium units.
read full story at MortgageDaily.com
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Guilty Pleas in Mfg Housing Scam
July 27 -- Guilty pleas have been extracted from a former mortgage broker and the owner of the manufactured housing dealership that collected $2 million in proceeds as a result of the mortgage fraud scam. The broker's wife is scheduled to be arraigned next month.
read full story at MortgageDaily.com
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Real Estate Agent Sentenced in Short Sale Scheme
July 27 -- A real estate agent who pleaded guilty in an elaborate short-sale mortgage fraud scheme has been sentenced to eight months in a federal prison, plus three years of supervised release. A second agent who pleaded guilty awaits sentencing.
read full story at MortgageDaily.com
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Mortgage Broker Charged, 5 Others Might Follow
July 25 -- A Minnesota mortgage broker was charged Friday in a $20 million mortgage fraud scam, and the charging papers indicate that the case could eventually pull in several co-conspirators.
read full story at MortgageDaily.com
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Cop Avoids Mortgage Fraud Prosecution with Guilty Plea for Unfiled Tax Return
July 25 -- A former Lexington, Ky., police officer, accused of taking part in a conspiracy to defraud mortgage companies of more than $2 million, has pleaded guilty to failing to file an income tax return for 2005. The case has already yielded guilty pleas from a mortgage broker and an attorney who owned a title company.
read full story at MortgageDaily.com
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Guilty Plea from Georgia Candidate
July 25 -- The last of three defendants has pleaded guilty for his role in a mortgage fraud scheme that allegedly cost lenders $1 million. The defendant, who previously ran for a spot on a city commission, joins a real estate appraiser in admitting guilt in the case.
read full story at MortgageDaily.com
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Scheme Involved 56 properties, 18 Players
July 25 -- A new filing in New Jersey mortgage fraud case indicates that mortgage lenders lost more than $40 million in a scheme involving 56 properties and 18 co-conspirators.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Jul 29 |
Jason Rick, Katherine Friske, Jill Reding |
WA |
Multiple properties |
Rick indicted. Guilty pleas from Friske and Reding. |
Seattlepi.com |
| Jul 29 |
William E. Baker, Garret Griffith Gililland III, Anthony G. Symmes, Shane Burreson (7 total) |
CA |
Multiple properties |
Guilty pleas. |
Department of Justice |
| Jul 29 |
Chamethele McKinney |
IL |
Approximately $1,000,000 |
Guilty plea. |
Department of Justice |
| Jul 29 |
George Guldi, Brandon Lisi |
NY |
$80,000,000 |
Guilty pleas. Sentencing set for August 31. |
MortgageDaily.com |
| Jul 28 |
Ghaith Al Nahar, Michelle Austin Wilks, Romy Defay, Lucien Laguerre, Jeffery Gilbert, Philip Jay Newman |
FL |
$9,200,000 |
Indicted. |
Department of Justice |
| Jul 28 |
Tony Huy Havens |
CA |
$3,200,000 |
Indicted. |
Department of Justice |
| Jul 28 |
Ara Mesropian, Eddie Dukhman, Frank Corallo |
NJ |
Multiple properties |
Guilty plea from Mesropian; Dukhman and Corallo previously charged. |
Department of Justice |
| Jul 27 |
John Siuszko, Charles Harvath |
NJ |
$40,800,000 |
Guilty pleas. |
Department of Justice |
| Jul 26 |
Gerardo Wilhelm, Juan J. Flores, Alejandro Figueredo |
FL |
$500,000 |
Indicted. |
Department of Justice |
| Jul 26 |
Stuart H. Sojcher |
MA |
$1,400,000 |
Sentenced to 24 months supervised release and $1,418,032 restitution. |
Telegram.com |
| Jul 26 |
Michael Fortenberry, Glenn Vaught, Cynthia Fortenberry |
SC |
$2,000,000 |
Fortenberry and Vaught pleaded guilty. Cynthia Fortenberry indicted. |
MortgageDaily.com |
| Jul 25 |
Lindsey Rae Loyear |
MN |
$5,000,000 |
Indicted. |
Department of Justice |
| Jul 25 |
Anna McElaney, Sergio Natera |
CT |
$132,500 |
McElaney sentenced to 8 months prison plus 3 years supervised release; Natera awaits sentencing. Regions Bank a victimized lender. |
Department of Justice |
archived case entries back to 2005
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