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Mortgage Fraud Archives

Week Ending October 7, 2011

Mortgage Fraud News

Case Activity

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
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
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
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
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
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
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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