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Week Ending September 16, 2011

Mortgage Fraud News

Case Activity

Fraud Fugitive Apprehended
Sept. 15 -- A former Modesto, Calif., woman was arrested in Georgia over the weekend on a fugitive warrant upon arriving from Central America, more than two years after posting bail on a real estate fraud charge in Stanislaus County.
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NM Broker Sentenced in $5 Million Case
Sept. 14 -- Kevin Powers spent an hour Tuesday giving the federal judge about to sentence him his version of events leading up to an FBI investigation and his eventual conviction on 17 counts of wire fraud.
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AllRegs and The Prieston Group Join Forces to Offer Mortgage Industry Risk Assessment Resources
Sept. 14 -- AllRegs and The Prieston Group, Inc. (TPG) today announced a joint relationship to offer risk assessment resources to the mortgage industry. Together the two companies will build on existing tools, processes and resources to provide real-time corporate level risk assessment tools and benchmarks. Both organizations have agreed to a multi-year commitment. Research and development, technology infrastructure, product development and various other capital resources will be invested by both organizations to create a new suite of risk assessment resources and benchmarks.
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Minnesota Emerges as Mortgage Fraud Hot Spot
Sept. 12 -- Minnesota has emerged as a problem area for mortgage fraud and helped lift national activity from the first quarter. But a national improvement from a year earlier was attributable to another three states.
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Date Defendants State Amount of Loans Overview Source
Sep 16 Moises Pacheco, Matthew "Beau" La Madrid, Lance La Madrid, Edgar Pacheco, Eduardo Alcaraz, Eric Montiel, Kevin Fallis, James Hyatt, Mark Busby, Christine Busby, Richard Kassler CA $9,000,000 Moises Pacheco sentenced to 51 months prison. Matthew La Madrid previously sentenced to 120 months plus $23 million in restitution. Lance La Madrid previously sentenced to 30 months plus $831,218.49 in restitution. Others await sentencing. Department of Justice
Sep 15 Bic D. Pho CA Multiple properties Real Estate license revoked. Department of Real Estate
Sep 15 Monroe L. Beachy OH $16,800,000 Indicted. Department of Justice
Sep 15 Kim S. Morris NJ $624,000 Guilty plea. Department of Justice
Sep 15 Joseph Steven Meyer, Garet Clark Wright MN $14,000,000 Indicted. Department of Justice
Sep 15 Barbara Lynnae Puro, Zack Zafer Dyab, Julia Alexander Rozhansky MN $10,000,000 Puro indicted. Dyab and Rozhansky await sentencing. Department of Justice
Sep 14 Mark Alan Maurer MI $130,000 Indicted.
Sep 14 Lane Anderson, David Mable, Shannon Flickinger, Paul Kramer, Jason Kibbee IA At least 13 properties Indicted. Department of Justice
Sep 14 Michael Sheneman, Jeremie Sheneman IN $1,000,000 Michael sentenced to 8 years prison plus $269,967 in restitution. Jeremie awaiting sentencing.
Sep 14 Carlos Alfonso Ramon Zapata, Ayadia Carmen Londono, Jessica Concepcion, Douglas Nicaragua, Juan Manuel Gonzalez, Mario Rodriguez, Julian Patino, Gilberto Lopez Gaviria, Juan David Jarromilla-Calle, Maria Magnolia Salazar, Gilberto Arroyave-Quintero, Viviana Lopez FL $16,000,000 Arrested. Department of Justice
Sep 13 Robert Engelman (7 total) IA $1,200,000 Convicted.
Sep 13 Kevin Powers NM $5,500,000 Sentenced to 56 months prison. Department of Justice
Sep 12 Richard Maize, Charles Elliot Fitzgerald, Mark Alan Abrams, Jamieson Matykowski, Lila Rizk, Kyle Grasso CA $18,500,000 Sentences: Maize sentenced to 18 months prison plus $4 million in restitution; Fitzgerald sentenced to 168 months; Abrams sentenced to 78 months; Matykowski sentenced to 18 months; Rizk sentenced to 36 months; Grasso sentenced to 1 year. Department of Justice
Sep 12 Guadalupe Ramirez, Augustine Ramirez, Maria Ramirez CA $4,100,000 Entered pleas of "no contest."
Sep 12 Sylvia Loretta Sharps FL $212,800 Arrested.
Sep 10 Monica Lynne Whitten CA Multiple properties Arrested after fleeing the country.

archived case entries back to 2005

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