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

Mortgage Fraud Archives

Week Ending Sept. 25, 2009

 

Mortgage Fraud News

Case Activity

Sept. 23, 2009


California County Nabs $1.7 Milion
The Ventura County District Attorney's Office received nearly $1.7 million in federal grants to fight mortgage fraud.
read story at Venture County Star

Mich. County Boost Fight Against Mortgage Fraud
Michigan's Ingham County Register of Deeds is leading a new campaign to fight mortgage fraud.
read story at WILX.com
Sept. 21, 2009


Law Firm Nails Huge Fraud Contract
The law firm of Smith Dollar has obtained a contract to solve mortgage fraud cases for the FDIC.
read full story at North Bay Business Journal
Sept. 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
Sept. 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
Sept. 4, 2009


Charges Dropped Against Ohio Defendant
A judge has dismissed mortgage fraud charges against Haney Bichat.
read full story at The Columbus Dispatch
Sept. 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
Date Defendants State Amount Overview News
Publication
Sept. 25 Julian Ruiz OR 17 counts Indictment. OPB
Sept. Garret Griffith Gililland III CA n.a. Extradition from Spain. Central Valley Business Times
Sept. 25 Jamilah Al-Bari MD, VA, DC losses up to
$1,000,000
Guilty plea. Associated Press
Sept. 24 Adriana Cruz, Ramon Puentes, Jorge Nobrega, Jorge Arrieta, Sebastian Kishinevsky, Bienvenido "Benny" Benach Jr., Danny Flores, Rolando Alfonso FL $1,000,000 1-year sentence. Bank of America, Wachovia defrauded South Florida Business Journal
Sept. 24 20 defendants including Ruben Rojas, Litcia Linares, Lourdes Rojas Almanza, Jaime Rojas, Brizeida Justiniano VA $100,000,000 Arrests. WJLA

Forbes

Yahoo News

Washington Post

Sept. 24 6 men including Marlon Pratt, Universal Mortgage MN $3,200,000 10-year sentence Star Tribune

KAALTV

Post Bulletin

WCCO

Sept. 23 100 suspects CA n.a. Ventura County investigating 63 cases. Venture County Star
Sept. 23 Cheryl Brooke MD $2,000,000 4-year sentence. Associated Press

ABC 2 News

Sept. 22 Bernard Kerik NY 15 counts, fines of
$5,000,000
Former police department commissioner indicted. DSNews.com
Sept. 22 Bora Ly, Deborah Saulmon. Eric M. Rabicoff KS 2 homes Guilty pleas. WIBW

Kansas City Star

NBC Action News

Sept. 22 Mohin Kapadwala CT 1 property Lawsuit filed over alleged fraud property sale. Stamford Advocate
Sept. 22 Irene Sotiriadis, Helen Sotiriadis, CA losse of
$5,000,000
Mother, daughter accused. Central Valley Business Times

San Francisco Examiner

California RealEstateRama

Sept. 21 Winston Thomas MD forfeiture judgment of
$2,228,878
3-year sentence. Associated Press
Sept. 20 Tracy Todd CO 6-home scheme with loans of around $157 k each Indictment. Greeley Tribune
Sept. 20 Cannonsgate devlopment, Total Realty Management, R.A. North, Southeastern Waterfront Management NC 200 plaintiffs - $500k prices Lawsuit filed. Former NC governor got 25% discount. News & Observer
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

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