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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.
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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 October 7, 2011
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Mortgage Fraud News
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Case Activity
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Appraiser Indicted in $40 Million Case
Oct. 6 -- A Key Largo man is among 20 people indicted Thursday by a federal grand jury for what prosecutors say was a $40 million mortgage fraud scheme.
read full story at MortgageDaily.com
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Appraiser, Attorney Plead Guilty
Oct. 5 -- Two of the three defendants charged with mortgage-related fraud in a 2010 indictment focused on the firm Easy Realty Solutions announced their intention to plead guilty today, in advance of a trial set to start next week.
read full story at MortgageDaily.com
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Cocaine Addiction Blamed for Inflated Appraisals
Oct. 5 -- A Brookline, Pa., man sentenced to three years in prison for conspiring to distribute cocaine today received what amounts to an additional year for his role in two mortgage fraud networks.
read full story at MortgageDaily.com
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Borrowers Falsely Represented as Self Employed
Oct. 3 -- ALEXANDRIA, Va. -- Osvaldo A. Mercado, 52, was indicted for defrauding Virginia banks of nearly $3.4 million in fraudulent loans, according to a press release from the U.S. attorney's office.
read full story at MortgageDaily.com
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20 Indicted in $40 Million Scheme
Oct. 3 -- Twenty South Floridians have been charged with participating in a $40 million mortgage fraud scheme, according to an indictment released Thursday by U.S. District Attorney Wifredo Ferrer.
read full story at MortgageDaily.com
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Sentences, Convictions in 2 Fla Cases Involving $17 Million in Fraud
Oct. 3 -- A Broward County, Fla., man was sentenced to nine years in prison for engaging in two separate fraud schemes between 2005 and 2007, the U.S. Attorney's Office announced Friday.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Oct 7 |
Robinson Dinh Nguyen, Kevin Sluga, Jerald Teixeira, Christopher Stovall, Megan Balod, Leslie Sluga |
CA |
Multiple properties |
Nguyen pleaded guilty. Others previously entered guilty pleas. |
TurnTo23.com |
| Oct 7 |
Abdelghany Antar |
CT |
$2,700,000 |
Sentenced to 37 months prison plus 2 years supervised release. |
Department of Justice |
| Oct 7 |
Mary Anne Dean, Charles Donaldson |
MD |
$4,700,000 |
Guilty pleas. |
Department of Justice |
| Oct 6 |
Carol Asbury, Patrick Brinson, Carl Alexander |
FL |
$6,400,000 |
Guilty pleas. |
PalmBeachPost.com |
| Oct 6 |
Prince Charles Eweka |
MA |
Multiple properties (exceeding $120,000) |
Guilty plea. |
Department of Justice |
| Oct 6 |
Hendrix Montecastro |
CA |
$142,000,000 |
Hearings delayed due to mental competency testing. |
PE.com |
| Oct 6 |
Jeffrey Julkes Jr. |
IN |
$600,000 |
Changed plea to "guilty". Sentencing scheduled for Jan. 5. |
SunTimes.com |
| Oct 6 |
Raymond P. Morris |
UT |
$1,900,000 |
Not guilty plea. |
WBoy.com |
| Oct 6 |
Andrew Hill |
OH |
$1,200,000 |
Awaits sentencing. |
MortgageDaily.com |
| Oct 6 |
Hannah Noel Perlich |
MN |
$2,800,000 |
Guilty plea. |
Department of Justice |
| Oct 5 |
Ronald E. Hutchison, Jr., Jacques Kelly |
CT |
$5,000,000 |
Indicted. |
Department of Justice |
| Oct 5 |
Kevin Cohen |
NY |
$300,000 |
Already jailed for previous conviction. Convicted on new counts. |
Libn.com |
| Oct 5 |
Frank Corallo, Eddie Dukham, Ara Mesropian |
NJ |
$7,000,000 |
Guilty pleas. |
Department of Justice |
| Oct 5 |
Deborah Kitay |
PA |
Multiple properties |
Sentenced to 18 months prison plus 3 years supervised release. |
Department of Justice |
| Oct 5 |
Mark David Webb, William Devaughn Orander III |
NC |
$1,780,000 combined restitution. |
Sentences: Webb 45 months prison plus 5 years supervised release and restitution; Orlander 42 months prison plus 5 years supervised release and restitution. |
Department of Justice |
| Oct 5 |
Thomas Kontogiannis |
NY |
$98,000,000 |
Sentenced to 108 months prison. |
Department of Justice |
| Oct 5 |
Matthew Burstein, Elias Compres, John Constantanides, Arturo Giraldo, Aaron Rabinowitz, Rolando E. Roldan |
NY |
$25,000,000 |
Indicted. |
Department of Justice |
| Oct 5 |
Bernard J. Flugher, Deean Haggerty, James C. Platts |
PA |
Multiple properties |
Flugher and Haggerty pleaded guilty. Platts pleaded not guilty. |
MortgageDaily.com |
| Oct 3 |
Mark Escarcega, Blanca Escarcega |
AZ |
Residential loan |
Each sentenced to 1 year probation. |
Kpho.com |
| Oct 3 |
Michael J. Pallozzi |
NY |
Approximately $381,400 |
Sentenced to 3 years probation plus $5,000 fine and 100 hours community service. |
Department of Justice |
| Oct 3 |
John E. Evans, III |
FL |
At least $616,250 |
Guilty plea. |
Department of Justice |
| Oct 3 |
Richard Lawrence Veazey |
PA |
$1,000,000 |
Sentenced to 46 months prison plus 3 years supervised release. |
Department of Justice |
| Oct 3 |
Angela Clark |
MO |
$12,600,000 |
Sentenced to 20 months prison plus $5.6 million in restitution. |
Chron.com |
archived case entries back to 2005
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