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Mortgage Fraud Archives

Week Ending September 20, 2012


Mortgage Fraud News


Case Activity


Man Convicted of Providing Hundreds of Fraud Appraisals
Sept. 20 -- A federal jury on Thursday convicted a Shaler, Pa., man on five counts of wire fraud and two counts of wire fraud conspiracy.


Mobster's Wife Pleads Guilty to Mortgage Fraud
Sept. 18 -- The wife of a reputed mob figure admitted today that she conspired to defraud a mortgage lender in order to buy a $715,000 house in Egg Harbor Township, N.J.


2 Headed for Prison in $8.8 Million Mortgage Fraud Case
Sept. 17 -- CLEARWATER, Fla. -- Two former mortgage brokers convicted of racketeering and grand theft have to wait until Monday to find out how long they'll be stuck in prison, while one of their wives was sentenced to probation Monday for a lesser role in the scheme.


Convicted Couple Win Appeal in Mortgage Fraud Case
Sept. 16 -- They were known as "liar's loans" -- mortgages given to people who likely couldn't afford them based on salaries and assets that were sometimes inflated, or even invented.



Date Defendants State Amount of Loans Overview Source
Sep 20 Paul R. Tomko OH $327,044 in restitution Sentenced to 52 months. Department of Justice
Sep 19 Maria DeJesus-Guzman PA Undisclosed Indicted. Department of Justice
Sep 19 Pedro Benevides FL $44,059,565 Indicted. Department of Justice
Sep 19 Jason Moreno PA Multiple properties Convicted. MortgageDaily.com
Sep 18 John Parisi, Nicodemo S. Scarfo, Salvatore Pelullo, Lisa Marie Scarfo, William Maxwell, Cory Leshner, David Adler, Gary McCarthy, Donald Manno, John Maxwell, Todd Stark NJ $715,000 Parisi pleaded guilty. Department of Justice
Sep 17 Seth A. Fuscellaro, Timothy D. Ricks, Orlando Allen NJ $15,000,000 Charges against Fuscellaro dropped. MortgageDaily.com
Sep 17 Lisa Marie Scarfo, Nicodemo S. Scarfo, Salvatore Pelullo, Maxwell, Cory Leshner, David Adler, Gary McCarthy, Donald Manno, Todd Stark NJ $715,000 Lisa Scarfo pleaded guilty. Department of Justice
Sep 16 John Allen CA $100,000,000 Sentenced to 1 year. SDDT.com
Sep 16 Eric Ray Hernandez CA $6,087,541 in losses Sentenced to 130 months. Department of Justice
Sep 16 Stephanie Bolton, William Bolton, Craig Hudson, Lynne Hudson, David Barile, Melissa Holsopple Barile, Eric Rivero FL $8,800,000 Stephanie Bolton sentenced to 2 years probation. MortgageDaily.com

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