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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.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
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 27, 2012
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Mortgage Fraud News
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Case Activity
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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.
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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.
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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.
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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.
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| 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. |
Ocala.com |
| 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. |
Gazette.net |
| 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. |
NBC4i.com |
| 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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