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Mortgage Fraud Archives

Week Ending September 4, 2009

Mortgage Fraud News

Case Activity

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

NY Leads Nation in Mortgage Fraud
U.S. mortgage fraud cases mostly held steady during the latest quarter, according to the Index -- a measure of active cases. But activity was up nearly 600% in New York to the highest of any state.
read full 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
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
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
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
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
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
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
Sept. 4 Rasheeda M. Canty MD $350,000
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
Arrested. (read copy of Mark Wallen's expunction)
Sept. 4 Myron L. Hooker, Peter Garland, Antwan Mcrea, Nicole Jackson MI $1,200,000
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.
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


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
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

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