Sep. 16, 2009
FBI Zeros in on Insiders
The director of the Federal Bureau of Investigation told Congress today that his agency is focusing on insiders in its mortgage fraud investigations.
read full story at MortgageDaily.com
NY Leads Nation in Mortgage Fraud
U.S. mortgage fraud cases mostly held steady during the latest quarter, according to the FraudBlogger.com Index -- a measure of active cases. But activity was up nearly 600% in New York to the highest of any state.
read full FraudBlogger.com press release
|
Sep. 4, 2009
Charges Dropped Against Ohio Defendant
A judge has dismissed mortgage fraud charges against Haney Bichat.
read full story at The Columbus Dispatch
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Sep. 2, 2009
Realtor Vindicated
The Colorado Real Estate Commission retracted all claims and allegations of mortgage fraud against real estate broker Curtis Sears.
read story at the Greeley Tribune
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Aug. 27, 2009
CA Fraud Bill Progresses
SB 239 was unanimously approved by the California legislature and awaits Gov. Arnold Schwarzenegger's signature.
read story from the San Jose Mercury News
Reverse Fraud Rises
So far during the fiscal year that ends at the end of September, HUD has referred 29 cases of suspected reverse mortgage fraud to its Office of Inspector General.
read story at Wall Street Journal | 2nd link
|
Aug. 25, 2009
ID Theft, Appraisal Fraud Drive Increases Fraud Risk
The risk of mortgage fraud has migrated west during the past year, a new study indicates. While fraud involving inflated home valuations and identity theft leapt, occupancy and income fraud tumbled.
read story at MortgageDaily.com
|
Aug. 24, 2009
10 State Join Feds to Fight Fraud
Washington is among 10 states joining forces with the U.S. Department of Justice, Department of Treasury, Department of Housing and Urban Development and the Federal Trade Commission to fight mortgage scams -- including mortgage fraud.
read announcement from Washington Attorndy General
|
Aug. 23, 2009
Fraud Training Pays Off for Bank Employee
After attending a mortgage fraud seminar sponsored by local police, Century Bank employee Melody Shimmell uncovered a $50,000 scam
read story from Herald Tribune
Opinions Vary on California Fraud Bills
A reader comments on California's pending Senate Bill 94 and AB 764.
read story at The Sacramento Bee
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Aug. 21, 2009
More Crime in Tough Times
Among fraudulent schemes that are rising because of a tough economy iseal estate title fraud.
read full story at The Gazette
Florida Fraud Double
Mortgage fraud complaints by federally chartered banks in Florida rose to 7,073 in fiscal 2008 from just 3,431 in 2007.
read full story at Orlando Business Journal
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Aug. 19, 2009
Mortgage Litigation Today
Issues addressed in recent mortgage lawsuits include lending discrimination, mortgage fraud and political contributions by two of the country's biggest mortgage firms. In another case, a former employee of a failed reverse mortgage lender who was accused of stealing 56,000 mortgage leads has pleaded guilty.
read full story at MortgageDaily.com
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Aug. 12, 2009
CA Legislation Addresses Mortgage Fraud
AB 764 and SB 94, which are likely to be passed by California's legislature, reportedly address mortgage fraud.
read full story at the Fresno Bee
|
|
| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Sept. 4 |
Rasheeda M. Canty |
MD |
$350,000
profit |
Admission. |
Washington Post |
| Sept. 4 |
Daniel Stephen, Clotilde Jean, Patricia DePons |
FL |
$10,600,000 |
Indictment. |
FBI |
| Sept. 4 |
Mark Wallen, Trinity Hansen, James Dalonzo, Jeremy Hatlee, Paul Bosnyak, Brian Chili |
FL |
$3,000,000
fees |
Arrest. |
News-Press.com |
| Sept. 4 |
Myron L. Hooker, Peter Garland, Antwan Mcrea, Nicole Jackson |
MI |
$1,200,000
restitution |
Sentencing. |
FBI
Detroit Legal News Examiner
|
| Sept. 4 |
John Scherling, Danny DeGrande |
CO |
$1,000,000 |
Surrendur. |
The Pueblo Chieftain |
| Sept. 4 |
Cedric Lipsey, Philip A. Martinez |
CO |
scheme |
Indictment. |
The Denver Post |
| Sept. 3 |
Nickole Sutliff, Stephen Sutliff |
NY |
$2,300,000 |
Innocent plea. |
PostStar.com |
| Sept. 3 |
Mike Ohana, Michael Ramos, Ryan T. Dosen, Paula Ramos, Elba Emilia Perez, Fernando Soto, Antonio Abreu, Yosvany Abreu Garcia, Erick Valdes, Go Expert Mortgage |
FL |
$3,000,000 |
Indictment. |
South Florida Business Journal |
| Sept. 3 |
Stephen Sutliff, Nikole Sutliff |
NY |
$2,500,000 |
Defendants charged. |
The Business Review |
| Sept. 3 |
Eugene Lockhart |
TX |
$20,000,000 |
Arrest of former Dallas Cowboys linebacker. |
Dallas Morning News
Associated Press
FBI
|
| Aug. 31 |
John Barry |
TX |
multiple homes over 2-year period |
25-year sentence. |
Dallas Morning News |
| Aug. 30 |
Susan Alt, Diane Marciel, Joanne Schmidt, Howard Schmidt, Anthony Geraci, Paul Brazalovics, Deborah Brazalovics, Charlotte Gill, Richard Kilfoyle, William Werner, Andrew Fishman, James Trungale |
OH |
$14,700,000 |
Arraingment. |
Plain Dealer |
| Aug. 29 |
Lance Lockard, Gary Paterna, Charles Carlson, Holli Stroud, Jonathan Ruf, Keith Facer, Don Murray, Cerise Sanders, Alaska State Mortgage Company Inc. |
AK |
losses of
$2,500,000 |
70-month sentence. |
Crime Blotter |
| Aug. 28 |
Anthony E. Carollo, Rebecca Gelwix |
KS |
$3,000,000 |
Guilty plea. |
Associated Press |
| Aug. 28 |
Roland Smith |
NJ |
$137,750 |
Guilty plea. |
The Jersey Journal |
archived case entries back to 2005
|
