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Mortgage Fraud Archives

Week Ending July 29, 2011

Mortgage Fraud News

Case Activity

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

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

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

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

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

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

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

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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