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Mortgage Fraud Archives

Week Ending August 10, 2012

Mortgage Fraud News

Case Activity

Fraud Risk Rises, Appraisal Fraud Worst
August 08 -- Aided by an increase in cities considered to be very risky, the risk of mortgage fraud was worse in the second quarter. Lenders are more likely to be stung by appraisal fraud than any other type of mortgage fraud, and a town in Tennessee had a higher risk level in this category than any other metropolitan area.
read story at Mortgage Daily
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Judge Unmoved by Mortgage Fraud Defendant's Letter
August 06 -- Convicted of operating a mortgage fraud scheme that took advantage of unsophisticated investors, Jeremie Sheneman was sentenced to 10 years in prison this week despite his continued pleas of innocence.
read story at Mortgage Daily

Another Plea in Mortgage Fraud Case Involving $15 Million in Properties
August 06 -- A Hardy, Va., man pleaded guilty today to attempting to hide his role as a straw buyer in a Smith Mountain Lake mortgage fraud scheme.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Aug 10 Garret Griffith Gililland III, Shane Burreson CA Multiple properties Gililland senteced to 7 years, 10 months; Burreson sentenced to 23 months. Department of Justice
Aug 10 Michael S. Hurd, Deborah Joyce, Todd Joyce, James Thornton, Mark Greenlee, Raymond Morris WV $7,500,000 in losses Hurd sentenced to 27 months. Department of Justice
Aug 9 Shawna Lea Pennington ID Undisclosed. Zions Bank victim lender. Sentenced to 6 months. Department of Justice
Aug 9 Joseph Witkowski, Robert Serao, Catherine Pearson, Isatu Tejan-Sie, Crystal Brame, Karen Yokely, George Lachenmayr Jr., Aku I. Muhammad, Mark Kreischer, Marc Jacobs NJ $40,000,000 Witowski indicted. Department of Justice
Aug 8 Gloria A. Allen, Crystal S. Douglas, Julie Melissa McBrayer, Michael Joseph Bennet, Danielle Lacy Chavers AL $546,659 Indicted. Department of Justice
Aug 8 Augustus C. Okoye MA $454,207 in restitution Sentenced to 21 months prison. Department of Justice
Aug 7 Arben Alia, Anthony Raguz OH $4,500,000 Alia sentenced to 9 years. Department of Justice
Aug 7 Rosa Garcia, Jose Guzman CT $9,000,000 in losses Garcia sentenced to 14 months probation. Department of Justice
Aug 7 Erich Heckler FL $3,000,000 Pled no contest.

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