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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 30, 2011
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Mortgage Fraud News
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Case Activity
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Pastor Recruited Church Members as Straw Buyers
Sept. 29 -- A Chester County, Pa., pastor was charged by federal authorities in engaging in a $6 million mortgage fraud scheme.
read full story at MortgageDaily.com
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4-Year Sentence in $7 Million Case
Sept. 29 -- A 28-year-old Webster, Minn., man was sentenced Wednesday in federal court in St. Paul for bilking more than $7 million from at least 15 real estate mortgage lending companies.
read full story at MortgageDaily.com
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$12 Billion in 2010 Fraudulent Originations
Sept. 29 -- Last year, $12 billion in fraudulent mortgage loans were originated, according to a new report. Compared to 2010, the rate of fraud this year is expected to be mostly flat. But there has been a shift from identity theft to fraud committed on distressed sales. Government mortgages have been found to carry more risk than their conventional counterparts.
read full story at MortgageDaily.com
(subscription required)
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Light Sentence for Man Who Used Stepdaughter in Scheme
Sept. 29 -- Fred Layman stood before a federal judge Wednesday as a broken man, pausing to collect his composure as he read an apology he spent a year writing.
read full story at MortgageDaily.com
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Guilty Defendant Faces Up to 20 Years in $20 Million Case
Sept. 28 -- A 52-year-old Chanhassen, Minn., man who allegedly accepted $580,000 in kickbacks on the sale of six properties pleaded guilty Tuesday in federal court to conspiracy to commit wire fraud.
read full story at MortgageDaily.com
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Mortgage Fraud Reports Continue Rising
Sept. 28 -- As lenders that are forced to buy back loans do their own investigations, the quarterly rate of mortgage fraud reports continues to grow. Most of the alleged crimes happened more than three years ago.
read full story at MortgageDaily.com
(subscription required)
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5-Year Sentence for 83-Year-Old Lawyer
Sept. 26 -- An 83-year-old attorney was sentenced to five years in prison for his role in an extensive mortgage fraud conspiracy.
read full story at MortgageDaily.com
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Guilty Plea from Mortgage Fraud Boss
Sept. 26 -- TAMPA, Fla. -- A year after his $6.9 million-mortgage fraud scheme was uncovered in a 2006 Tampa Tribune investigative story, Chad Evans was under pressure amid a federal government investigation.
read full story at MortgageDaily.com
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November Trial for Trooper
Sept. 26 -- The mortgage fraud that former State Highway Patrol trooper Benjamin W. Richardson is accused of was part of an $11 million racketeering scheme that involved 26 properties in Franklin County in 2010.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Sep 30 |
Henry J. Papale |
FL |
Approx. $800,000 |
Indicted. |
Department of Justice |
| Sep 30 |
Neil Fagan, Pamela Johnson, Veldora Arthur |
FL |
$11,000,000 |
Convicted. |
Department of Justice |
| Sep 30 |
Thomas Colvin and Kristaq Gjordeni |
MO |
$5,100,000 |
Guilty pleas. |
Department of Justice |
| Sep 30 |
Robert Shallenberger |
MN |
$4,900,000 in restitution |
Sentenced to 37 months prison plus restitution. |
Department of Justice |
| Sep 30 |
Valeri Mysin, Angela Shavlovsky, Nikolay Katinskiy, Michael Kennedy, Alexander Kokhanets, Boris Murzak, Zinaida Murzak, Vitaliy Tuzman |
CA |
$1,800,000 |
Indicted. |
Department of Justice |
| Sep 30 |
Robert Daniel Kelly |
SC |
$1,000,000 |
Guilty plea. |
Department of Justice |
| Sep 30 |
Osvaldo A. Mercado |
VA |
$3,400,000 |
Indicted. |
Department of Justice |
| Sep 30 |
Manetirony Clervrain (aka "Kevin Rusell") |
FL |
$5,700,000 |
Sentenced to 108 months prison plus 3 years supervised release. |
Department of Justice |
| Sep 29 |
James Merrill Roberts |
UT |
Multiple properties |
Sentenced to 37 months prison. |
Department of Justice |
| Sep 29 |
Alina Rubi, Camilo Garcia, Sylvia M. Zagales, Ivette Carreno, Pedro Rubi, Dianelys Garcia, Luis Pardo Dieguez, Galia Fernandez, Jr., Sheena Eizmendiz, Ivis R. Hernandez, Jose Raul Hernandez, Yovanis Obregon Jimenez, Jose Manuel Pardo, Sandra M. Rodriguez, Mayra Martinez Suarez, Laura E. Diaz, Juan R. Prieto, Flavia E. Perez, Jose Antonio Diaz, Johny Hernandez |
FL |
$40,000,000 |
Indictments. |
Department of Justice |
| Sep 29 |
Michael Wilkerson, Joyce Wilkerson, Lee Garell, Denise Haines |
PA |
$6,000,000 |
Indictments. |
Department of Justice |
| Sep 28 |
Dustin LaFavre |
MN |
$7,000,000 |
Sentenced to 48 months prison. |
Department of Justice |
| Sep 27 |
Mark Anthony McBride |
GA |
$2,200,000 |
Sentence reduction denied. |
AJC.com |
| Sep 27 |
Douglas Rex Butler |
MN |
$20,000,000 |
Guilty plea. |
Department of Justice |
| Sep 27 |
Ted Doumazios, Thomas Cusack III |
NY |
$1,200,000 |
FDIC has taken action to recover lost funds. Both previously peaded guilty to separate indictments. |
CourthouseNews.com |
| Sep 27 |
Jacob Moynihan, Gerald Moynihan, John Greco, Raymond Foakes, Desiree Maclean, Josh Leo Johnson, Jerry Mays, Justin Batemon |
CA |
$10,000,000 |
Indictments. |
Department of Justice |
| Sep 26 |
Christopher Johns, Allen Banks |
WI |
Multiple properties |
Sentences: Johns 30 months prison plus 2 years supervised release; Banks 24 months prison. |
JSOnline.com |
| Sep 26 |
Edwin Charles Harrison, Linda Sue Harrison |
TX |
Multiple properties |
Guilty pleas. Edwin sentenced to 5 years probation and $2,500 fine; Linda sentenced similarly. |
Department of Justice |
| Sep 26 |
Morris Olmer |
CT |
$4,400,000 |
Sentenced to 60 months prison plus 3 years supervised release. |
Gnom.es |
| Sep 26 |
Chad Evans, Chris Malcom |
FL |
$6,900,000 |
Guilty pleas. Sentencing set for November. |
MortgageDaily.com |
| Sep 25 |
Keith Earl Holiday |
CA |
Multiple properties |
Sentenced to 60 days prison plus 4 months in halfway house. |
RamonaSentinel.com |
archived case entries back to 2005
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