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Mortgage Fraud Archives

Week Ending August 26, 2011

Mortgage Fraud News

Case Activity

Town Official Sentenced for Mortgage Fraud
August 25 -- Richard A. Sand, 59, of White Bear Township, was sentenced to 30 months in prison today for his role in a $2 million fraudulent loan scheme.
read full story at MortgageDaily.com

4th Plea in $2.9 Million Case
August 25 -- A fourth person has pleaded guilty in U.S. District Court in Lexington, Ky., in connection with a multi-million-dollar mortgage fraud scam.
read full story at MortgageDaily.com

Mortgage Broker Pleads Guilty
August 25 -- ST. LOUIS -- A St. Charles County, Mo., mortgage broker pleaded guilty to two federal wire fraud charges late Monday and admitted a mortgage fraud involving four St. Louis homes that cost lenders more than $200,000.
read full story at MortgageDaily.com

Title Agent Admits Role in Appraisal Fraud
August 22 -- A Florida title agent has pleaded guilty to playing a role in a scheme that utilized fraudulent appraisals.
read full story at MortgageDaily.com

Date Defendants State Amount of Loans Overview Source
Aug 26 Justin Zhu, Darnell Mason TX $2,000,000 Guilty plea from Zhu. Mason previously pleaded guilty. MySanAntonio.com
Aug 26 Roy Fluker, Roy Fluker, III, Ronnanita Fluker IL $18,000,000 Sentences: Roy Fluker senteced to 15 years prison; Roy Fluker III and Ronnanita Fluker both sentenced to 8 years prison. $7,336,957 in restitution. Department of Justice
Aug 25 Alex Gambini PA Up to $2,500,000 Sentenced to 51 months prison. Restitution to be determined at a later date. Department of Justice
Aug 25 Sean McClendon, Anthony Salcedo, Anthony Williams CA Four properties causing more than $1,000,000 loss Indicted. Department of Justice
Aug 25 Darryl Lee Hanneken, Robert Edward Herdrich IA $3,700,000 Both sentenced to 40 months prison plus 5 years supervised release and $869,464 in restitution. Department of Justice
Aug 25 Tonia Raisbeck MI Multiple properties Convicted. Wwmt.com
Aug 25 John C. Lucidi, Jr. PA $7,000,000 Guilty plea. Bank of America, CitiMortgage, Countrywide Bank, First Magnus Financial, JP Morgan Chase, PNC Bank, Wells Fargo victim lenders. Department of Justice
Aug 25 Richard A. Sand, Brenda Epperly, Donald W. Krause MN $2,000,000 Sand sentenced to 30 months prison; Epperly sentenced to 6 months prison; Krause awaiting sentencing. Department of Justice
Aug 23 Lance A. Collins AL Multiple properties Guilty plea. Department of Justice
Aug 23 James Andrew Lawyer UT $975,000 Guilty plea. Sentencing scheduled for October 26. Department of Justice
Aug 23 Robert Frank Hayes (aka Frank William Bauman) NM $192,059.62 in restitution Sentenced to 5 months prison plus 5 months home confinement. Department of Justice
Aug 23 Ruth E. Vetri FL $355,766 Guilty plea. NaplesNews.com
Aug 23 Kathleen Harps VA Multiple properties Guilty plea. Department of Justice
Aug 23 Ronald J. O'Malley, Laura-Jean Arvelo, Edward Olimpio, Daniel Gilmore, Rachell Fischbein NJ Multiple properties Guilty pleas from O'Malley and Arvelo. Olimpio, Gilmore, and Fischbein previously pleaded guilty. Department of Justice
Aug 23 Mickey Johnson MO $200,000 Pleaded guilty after first day of trial. Department of Justice

archived case entries back to 2005

 
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