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Mortgage Fraud Archives

Week Ending September 11, 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. 9, 2009

Oregon Scores Fraud Prosecution Grant
Oregon's Attorney General John Kroger won a federal grant to help prosecute mortgage fraud. The funds will be used for a new prosecutor and investigator.
read full story from the Associated Press
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
Date Defendants State Amount Overview News
Sept. 11 Michael McConville, Garrett Holdridge, Alan Ruiz CA $1,000,000 Arrests. Associated Press
Sept. 11 Uto Essien,Scott Hinkley, Bradly Decker, Idara Ekiko, Cheri Decker, Jennifer Wosley, Jessica Caplan, Heather Etuk, Jessica Decker, Enoh Etuk CO $10,900,000 30-year sentence. Denver Business Journal
Sept. 10 Susan Laverne aka Susan Zenner NY $2,000,000 Arraignment.
Sept. 10 Eric Sunsdahl MN $100,000 Guilty plea. MN Sun
Sept. 10 EJohn Rubischko MN $100,000 87-month sentence. MN Sun
Sept. 9 Charlotte Gill aka Charlotte Yonque, Susan Alt OH $14,700,000 Indictment. Mount Desert Islander
Sept. 9 Mario Bernadel (40 total) AZ $20,000,000 Conviction. Associated Press


US Legal News


Sept. 9 Susan A. Zenner aka Susan A. Laverne, Nickole Sutliff, Stephen Sutli NY $2,300,000 Arrest.
Sept. 9 Rodney McGill, Shalonda McGill FL $1,000,000 20-year sentence. Sun-Sentinel

South Florida Business Journal

Sept. 6 Joseph A. Baumeister MO 16
3-year sentence. Associated Press
Sept. 5 Mark Wallen, Trinity Hansen, James Dalonzo, Jeremy Hatlee, Paul Bosnyak, Brian Chili, Florida Home Loans FL $3,000,000 Arrest.

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Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
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