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Mortgage Fraud Archives

Week Ending September 27, 2012

Mortgage Fraud News

Case Activity

Mortgage Fraud Defendants Avoid Prison
Sept. 27 -- Six people who speculated in real estate in the Charlotte, N.C., neighborhood of Dilworth have agreed to pay fines of up to $85,000 to resolve claims that they lied on mortgage applications, the U.S. Attorney's Office in the Western District of North Carolina announced Thursday.

Risk of Valuation Fraud Plummets
Sept. 25 -- Prospective borrowers have recently escalated their efforts to deceive lenders about their income. But the risk of valuation fraud has greatly diminished.

Attorney Dismissed from $15 Mil Mortgage Fraud Case
Sept. 25 -- A federal indictment charging Cape May County, N.J., attorney Seth A. Fuscellaro with a single count of conspiracy to commit wire fraud was dismissed Sept. 17.

Developer, RE Agent Headed to Jail for Mortgage Fraud
Sept. 25 -- A Tucson, Ariz., real estate developer and a real estate agent were sentenced to federal prison for their roles in a mortgage fraud scheme.

Date Defendants State Amount of Loans Overview Source
Sep 27 William Houston King, Russell "Rusty" Akins, Mary Louise Akins, Beverly Ann King, Gerry M. LaPlante, Sue Wilson, Saul Rentz, Rebecca R. Sibrey, Candy L. Howard FL $2,400,000 William King pleaded guilty. Charges against Mary Akins, LaPlante and Wilson dropped.
Sep 27 Michelle Martinez, Dana Rummerfield NJ Multi-million dollar scheme Pleaded guilty. Department of Justice
Sep 27 Theresa Marcianti NV $100,000,000 Convicted. Department of Justice
Sep 26 Darin John Henecke, Karen DeWall Shaw ID $85,810 in restitution Each sentenced to 5 years probation. Department of Justice
Sep 26 Jabari L. Marshall NV $35,000,000 Convicted. Department of Justice
Sep 25 John Wesley Miller, John Brown, Earl David Fox, Lee Smith MD $1,500,000 Miller sentenced to 18 months.
Sep 25 Chad Allen Lazzari FL $670,983 money judgment Sentenced to 15 months. Department of Justice
Sep 25 Keith Austin, Cesar Marin, Mark Pettis, Joseph Bateast, Robert Brown, Constance Paek, Wilson Titus, Clyde Banks, Steven Gawlik, Michael Thill IL $14,500,000 Indicted. Department of Justice
Sep 24 Gordon L. Yocom, Nancy Rayfus OH $594,826 in restitution Yocom sentenced to 42 months.
Sep 24 Sean Patrick Gjerde, Hoda Samuel CA Multiple properties Gjerde sentenced to 30 months. Department of Justice
Sep 24 William Michael Naponelli, Bryan Atwood AZ $3,685,000 in restitution Naponelli sentenced to 24 months, Atwood sentenced to 15 months. Department of Justice
Sep 23 Adel Afkarian, Atef Afkarian CA $4,000,000 Pleaded guilty. Department of Justice
Sep 23 John Michael Stevens MN $227,712 in losses Pleaded guilty. Department of Justice

archived case entries back to 2005

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Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
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