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Mortgage Fraud Archives

Week Ending August 12, 2011

Mortgage Fraud News

Case Activity

5 Worst Fraud Metros Same as Worst Foreclosure Areas
August 11 -- The five metropolitan areas with the highest risk of fraud are also the same five areas where foreclosure rates are the highest. Meanwhile, appraisal fraud is less likely, and improving borrower quality is behind a stabilization in the national risk of mortgage fraud.
read full story at MortgageDaily.com
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2 Guilty in $2.9 Million Case
August 8 -- Two Virginia men were sentenced in federal court for fraudulently obtaining $2.9 million in mortgage loans from 2006 to 2009.
read full story at MortgageDaily.com

Date Defendants State Amount of Loans Overview Source
Aug 12 Eric Devon Bernard (aka Eric Allen Shirpiro), Stacey Anne Harrold, David Arthur Schoenhofen MN $5,100,000 Convicted. Sentencing scheduled for September. Tcbmag.com
Aug 12 Gregory Beck IA $901,000 in restitution Sentenced to 4 months prison and 4 months house arrest. Citibank and Wells Fargo victim lenders. DesmoinesRegister.com
Aug 12 Robert Todd McKinney, Belinda McKinney, John McKinney, Chamethele McKinney IL $1,000,000 Convicted. Department of Justice
Aug 11 Michael Sheneman, Jeremie Sheneman IN $1,000,000 Sentencing delayed. Wsbt.com
Aug 11 Rodney T. Riddle OH $6,971,870 Indicted. Department of Justice
Aug 11 Walter Ryan Macapaz, Tony David Maldonado, Buffy Marie Lawrence, Lisa Carol Ross TX $22,000,000 Indictments. Department of Justice
Aug 11 Cameron D. Bennett, Lloyd Claerhout, Scott Schirmer, William F .Wonder, III, David E. Twitty, Jennifer R. Hernandez, Katherine S. Sartain MO $349,650 in restitution Bennett sentenced to 5 years probation. Restitution to be paid jointly and severally between all defendants. Judgment
Aug 10 Derrick Ivan Lance MN $20,000,000 Guilty plea. Department of Justice
Aug 9 Larry Gene Hillard, Truang Quang Tran, Thanh Van Ngo MN $4,300,000 Sentences: Hillard 13 months prison plus $1.4 million restitution; Tran 24 months prison; Ngo 12 months and 1 day prison. Department of Justice
Aug 9 Alonzo Braziel, Joseph Miller, James Green IL $7,200,000 Convictions and sentences affirmed by Federal Appeals Court. Leagle.com
Aug 8 Robert Alexander AZ $2,500,000 Guilty plea. Department of Justice

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