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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
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Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud Archives
Week Ending September 21, 2012
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Mortgage Fraud News
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Case Activity
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Bank Executive Admits Role in $45 Million Mortgage Fraud Case
Sept. 19 -- Shawn Portmann, a former Pierce Commercial Bank mortgage executive, pleaded guilty Tuesday in federal court to his leading role in a mortgage-fraud scheme that generated at least $45 million in tainted loans and brought down the bank.rtgage Daily
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Meeting Addresses Mortgage Fraud, Appraisals
SANTA ANA, CALIF. -- (Sept. 19, 2012) A private event being held this week in Chicago will address issues related to mortgage fraud and home valuations.
read full announcement at Mortgage Daily
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Mortgage Fraud Defendant Loses Restitution Appeal
Sept. 18 -- A defendant in a mortgage fraud case appealed the amount of restitution ordered in his case, arguing that most of the losses were the result of a battered housing market and not from his admitted actions. He might have found a more sympathetic ear had his appeal been heard in another circuit.
read story at Mortgage Daily (subscription required)
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Montana Mortgage Broker Pleads Innocent
Sept. 17 -- A West Glacier, Mont., mortgage broker pleaded not guilty Wednesday in U.S. District Court to two counts of bank fraud and one count of wire fraud involving a total of $525,000.
read story at Mortgage Daily
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Fake VOEs, Inflated Values Used to Mask Mortgage Fraud
Sept. 17 -- A Baltimore man pleaded guilty in federal court Friday to conspiracy to commit wire fraud because he and others secured mortgages for six homes in Upper Fells Point with fraudulent information, prosecutors announced.
read story at Mortgage Daily
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Calif. Mortgage Broker Sentenced to 3 Years
Sept. 17 -- A Chico, Calif., mortgage broker was sentenced Friday in federal court in Sacramento to three years and 10 months in prison for her role in a mortgage fraud scheme.
read story at Mortgage Daily
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Sept. 21 |
Anthony Haynes |
FL |
$990,000 |
Pled not guilty. SunTrust victim lender. |
MortgageDaily.com |
| Sept. 21 |
Eduardo Ruiz, Gilma Ruiz, Francisco Ruiz |
CA |
$30,000,000 |
Eduardo sentenced to 9 years, Gilma sentenced to 2 years, Francisco sentenced to 18 months. |
Department of Justice |
| Sept. 21 |
Chris T. Belin, James E. Fink, Jimmy Hitchcock, Mitzi Jackson, Michelle V. Mallard, (aka Michelle V. Crawford), Coley Scagliarini, Arketa Banks, Jeffrey Viegas, Bonnette Bradley (50 total) |
NC |
Multiple properties |
Indicted. Banks, Viegas, and Bradley also pled guilty. |
Department of Justice |
| Sept. 20 |
Winston Lum, Jay Shah, Melvin Emerich, Kaushal Niroula, Grachelle C. Languban |
CA |
$5,500,000 |
Lum, Niroula, and Shah convicted. Shah and Languban fugitives. |
San Francisco District Attorney |
| Sept. 20 |
Denise Bonfilio |
PA |
Multiple properties |
Convicted. |
Department of Justice |
| Sept. 20 |
Marc D. Foley |
MA |
$4,900,000 |
Convicted. |
Department of Justice |
| Sept. 20 |
Ryan William Costo |
CA |
$6,300,000 |
Indicted. CitiMortgage Inc., WaMu, and Bank of America victim lenders. |
Department of Justice |
| Sept. 20 |
Edul Ahmad |
NY |
$50,000,000 |
Tentative plea deal reached. |
CrainsNewYork.com |
| Sept. 19 |
Deanna Helen McAtee |
MT |
Multiple properties |
Dismissed from case. |
Helenair.com |
| Sept. 19 |
Svetlana Dubinsky, Serge Doubinski, Zinayda Chekayda, Volodymyr Dubinsky, Leonid Doubinski, Edward Khalfin, Robin Dimiceli, Diana Woods, Kory Schmidli |
CA |
Multiple properties |
Indicted. |
Department of Justice |
| Sept. 19 |
Joel Blanford, William T. Bridge, Paul Bridge, John Ngo, Iftikhar Ahmad, Manpreet Singh, Jose Serrano |
CA |
$1,821,950 in restitution |
Blanford convicted. |
Department of Justice |
| Sept. 18 |
Christopher Colatrella, John T. Colatrella, Alexis Colatrella, Vincent Veritas, Delores Cittadino, Martin D'Amato, Clara Carr |
NJ |
$2,000,000 |
Indicted. Lehman Brothers Bank, JP Morgan Chase Bank and Washington Mutual Bank victim lenders. |
Patch.com |
| Sept. 18 |
Mark J. Bellotti, Jonathan P. Domash, Leonardo A. Hernandez |
NJ |
$2,671,400 |
Bellotti sentenced to 5 years. |
New Jersey Attorney General |
| Sept. 18 |
Shawn L. Portmann, Jeanette R. Salsi, Adam S. Voelker, Sonja L. Lightfoot |
WA |
$45,000,000 |
Pled guilty. Pierce Commercial Bank a victim lender. |
Department of Justice |
archived case entries back to 2005
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