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Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

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Stories about individual mortgage crime cases.

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Statics by year about real estate fraud.

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Quarterly index based on case activity.

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Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

Mortgage Fraud Archives

Week Ending Sept. 18, 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 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. 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 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
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 MortgageDaily.com
Date Defendants State Amount Overview News
Publication
Sept. 18 Thomas Karagiorgos CT $654,500 Accusations. The Connecticut Law Tribune

Sept. 18 Donald Warner CT n.a. Accusations. The Connecticut Law Tribune

Sept. 18 Roger Campagnolo III, David Lynch FL $633,500 Indictment in case where Homecomings Financial was defrauded. News-Press.com

NBC-2

Sept. 18 Douglas Lee Carter, FL $1,000,000 Indictment. News-Press.com

NBC-2

Naples News

Sept. 18 Fabricio Monteiro FL 4 houses Indictment News-Press.com

NBC-2

Sept. 18 Bruno Brava FL Indictment News-Press.com

NBC-2

Sept. 18 Anthony Andersen, Laura Andersen NY $724,883
restitution
Sentences. Empire State News
Sept. 17 Lin Castre Gosman FL $350,000 Sentence. Palm Beach Daily News

South Florida Sun-Sentinel

Sept. 16 Eric Jason Sunsdahl MN $100,000 Guilty Plea in HELOC case. Sun Newspapers
Sept. 16 Benjamin Osmanson, Jillian Protzman VT $11,000,000 Guilty plea. Times Argus

FBI.gov

Sept. 15 Mark Diamond, United Construction of America Inc., United Residential Services and Real Estate Inc., Skyway Builders #1 Inc., OSI Financial Services Inc., Harbor Financial Group Ltd. IL $1,300,000
equity stripped
Lawsuit filed. Chicago Breaking News
Sept. 15 Seneca Ontario McField WI $1,680,000 Charges filed. WLBT
Sept. 15 Keith L. Pittman MO $142,000
restitution
4-year sentence. News-Democrat

Associated Press

Sept. 14 Cheryl Hernandez Camus CA $1,500,000
restitution
63-month sentence. Associated Press
Sept. 13 Glenn Vaught SC $1,500,000
losses
Case ongoing. The Sun News
Sept. 12 Susan Laverne, Stephen Sutiff, Nikole Sutiff MI $2,300,000 Charges issued. Troy Record

The Saratogian

Sept. 11 Michael McConville, Garrett Holdridge, Alan Ruiz CA $1,000,000 Arrests. Associated Press

LA Times

The Sune News

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

Associated Press


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