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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
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The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending September 2, 2011
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Mortgage Fraud News
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Case Activity
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Sep 1 |
Mark Escarcega, Blanca Escarcega |
AZ |
Residential loan |
Guilty pleas. Sentencing set for October 3, 2011. |
MySanAntonio.com |
| Sep 1 |
Joseph A. Curcio |
NJ |
$5,000,000 |
Turned himself in for arrest. Paragon Federal Credit Union a victim lender. |
Department of Justice |
| Sep 1 |
Baretta Dean Bork, Xavier Willis Bork |
MN |
$4,000,000 |
Sentences: Xavier 60 months prison; Baretta 60 months prison. |
Department of Justice |
| Sep 1 |
Mark E. Greenlee, Deborah Joyce, Todd Joyce |
WV |
$2,000,000 |
Greenlee pleaded guilty; Deborah Joyce previously sentenced to 46 months; Todd Joyce previously sentenced to 18 months. |
Department of Justice |
| Sep 1 |
Timothy Scott Brooks, Adam Nash Spruill |
VA |
$7,000,000 - $20,000,000 |
Each sentenced to 3 years prison plus 2 years supervised release. Joint and several restitution to be paid to PNC Bank in the amount of $6,860,946; to FDIC in the amount of $2,792,336; to GMAC/RFC in the amount of $738,493; to HSBC in the amount of $497,314; and to Flagstar Bank in the amount of $252,604. |
Department of Justice |
| Sep 1 |
Ju Young Chung |
CA |
At least $5,900,000 |
Arrested; awaiting indictment. |
MortgageDaily.com |
| Aug 31 |
Jason F. McLendon |
FL |
Multpiple properties |
Acquitted. |
NaplesNews.com |
| Aug 31 |
Jeremy Chad Smotherman, Michael Bryan Krabousanos, Chris Rowland |
TN |
Approximately $202,000 in restitution and forfeitures. |
Sentences: Smotherman 6 months federal prison camp plus 3 years probation; Krabousanos received time served for 5 hours spent in jail after initial arrest plus 3 years supervised release; Rowland previously sentenced to 2 years prison. |
DNJ.com |
| Aug 31 |
George O. Guldi |
NY |
$30,000,000 - $40,000,000 |
Sentenced to 1-3 years prison for second conviction. Sentence is to run concurrent with the term he is currently serving. |
27east.com |
| Aug 31 |
Derrick Reuben Smith, Michael Gipson, Trina Tahir |
OK |
Multiple properties |
Smith sentenced to 40 months prison plus 2 years supervised release and $369,355.54. Gipson and Tahir previously pleaded guilty and await sentencing. |
Department of Justice |
| Aug 30 |
John Wesley Martynec |
CA |
$300,000 |
Indicted. |
DailyBreeze.com |
| Aug 30 |
Mary L. Francois |
LA |
$2,300,000 |
Sentencing postponed. |
TheAdvocate.com |
| Aug 30 |
Steven Wark |
NV |
Multiple properties |
Guilty plea. |
Department of Justice |
| Aug 29 |
Robert C. Sasser |
SC |
$2,500,000 |
Guilty plea. |
Department of Justice |
| Aug 29 |
Venedie Roberto Valencia, Felix Pichardo, Latrice Shaunte Borders |
CA |
Approximately $1,000,000 |
Valencia sentenced to 15 months prison plus $51,688 in restitution; Pichardo previously sentenced to 8 years prison plus $777,000 in restitution; Borders previously sentenced to 2 years prison. |
Department of Justice |
archived case entries back to 2005
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