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Mortgage Fraud Archives

Week Ending September 21, 2012


Mortgage Fraud News


Case Activity


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


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


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)


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


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


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



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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