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Mortgage Fraud Archives

Week Ending August 31, 2012

Mortgage Fraud News

Case Activity

20 Properties Involved in San Bernardino Scheme
August 31 -- An Upland man was arrested at his home July 28, accused of defrauding banks and financial businesses by illegally filing fraudulent grant deeds on properties throughout San Bernardino County.
read story at Mortgage Daily

Mortgage Fraud Defendants Owned Mortgage Firm, Title Agency
August 29 -- A Jacksonville, Fla., woman allegedly set up several fake businesses to create multiple mortgages in the Keys to defraud a bank out of almost $1 million.
read story at Mortgage Daily

Loan Officer Faces Judge in $45 Million Mortgage Fraud Case
August 29 -- The former real estate agency owner and loan officer accused of running a $45 million mortgage fraud made his first appearance in federal court in Charleston, S.C., Tuesday, but said little.
read story at Mortgage Daily

Mortgage Fraud Financed Horse Race Betting
August 29 -- A former Glendale, Calif., man was sentenced Monday to 10 years in federal prison for scheming to defraud private lenders of more than $5 million, officials said.
read story at Mortgage Daily

4 Sentenced in Mortgage Fraud Case
August 29 -- Four people, including a Groton, Conn., man, have been sentenced for their roles in a New London-centered mortgage fraud led by Syed A. "Ali" Babar, the U.S. Attorney's Office announced today.
read story at Mortgage Daily

Banks Deceived on Renovations
August 27 -- A 33-year-old central Ohio man accused of cheating lending institutions out of $1.5 million by helping buyers purchase homes at inflated prices and lying on loan applications, pleaded guilty yesterday to one count of money laundering and one count of conspiracy to commit bank fraud.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Aug 31 Karen Washam-Hawkins KS $2,700,000 Sentenced to 14 months.
Aug 31 Barbara Lynnae Puro, Zack Zafer Dyab, Julia Alexander Rozhansky, Larry Africanus Hutchinson, Jerone Ian Mitchell, Ericvan Anthony McDavid MN $10,000,000 Puro sentenced to 60 months. Department of Justice
Aug 31 Michael Jacoby, Derek Zar, Susanne Zar CO Multiple properties Defendants convicted. Department of Justice
Aug 31 Tommy Lister (aka "Tiny" and "Zeus"), Arcelia Chavez, Sami Sager Sweiss, Jason Patterson, J.R., Wanda Tenney CA $5,700,000 Lister and Chavez charged. Department of Justice
Aug 30 Michael Ohayon, David Papera CA $10,500,000 in restitution Ohayon sentenced to 60 months; Papera sentenced to 70 months. Department of Justice
Aug 30 David Alan Boucher CA $4,500,000 Arrested and charged. San Bernardino County
Aug 29 Lisa Carol Ross TX Multi-million dollar scheme Pled guilty. Department of Justice
Aug 28 Robert Hayden, Michael Prieto NH Multiple properties Hayden sentenced to 2 years probation.
Aug 28 Cheryl Brooks, Robert Brooks, Richard Howard (22 total) TX $50,000,000 Cheryl pled guilty.
Aug 28 Scott M. Wickersham SC $45,000,000 Arraigned.
Aug 27 Henrik Sardariani, Hamlet Sardariani CA $5,400,000 in restitution Henrik sentenced to 10 years. Department of Justice
Aug 27 Branden D. Chatman OH $1,500,000 Pled guilty.

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