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Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

Mortgage Fraud Archives

Week Ending Oct. 9, 2009

 

Mortgage Fraud News

Case Activity

Oct. 1, 2009


Discounted Fraud Prevention
A fraud prevention firm promises that if its services don't identify twice as much mortgage fraud as its competitors, then lender customers will receive the service free for a limited period.
read full announcement

Income Analytics Added to Fraud Detection Tool
Risk analytics based on income verification have been integrated into a fraud prevention tool.
read full announcement
Sept. 20, 2009


Congress Mulling $200 Mil for Mortgage Fraud
Democrat U.S. Sen. Charles Schumer and Republican Sen. Jon Kyl have proposed legislation that would arm state and local prosecutors with up to $200 to fight mortgage fraud.
read story at the Miami Herald
Sept. 23, 2009


California County Nabs $1.7 Milion
The Ventura County District Attorney's Office received nearly $1.7 million in federal grants to fight mortgage fraud.
read story at Venture County Star

Mich. County Boost Fight Against Mortgage Fraud
Michigan's Ingham County Register of Deeds is leading a new campaign to fight mortgage fraud.
read story at WILX.com
Sept. 21, 2009


Law Firm Nails Huge Fraud Contract
The law firm of Smith Dollar has obtained a contract to solve mortgage fraud cases for the FDIC.
read full story at North Bay Business Journal
Sept. 16, 2009


FBI Zeros in on Insiders
The director of the Federal Bureau of Investigation told Congress today that his agency is focusing on insiders in its mortgage fraud investigations.
read full story at MortgageDaily.com

NY Leads Nation in Mortgage Fraud
U.S. mortgage fraud cases mostly held steady during the latest quarter, according to the FraudBlogger.com Index -- a measure of active cases. But activity was up nearly 600% in New York to the highest of any state.
read full FraudBlogger.com press release
Sept. 9, 2009


Oregon Scores Fraud Prosecution Grant
Oregon's Attorney General John Kroger won a federal grant to help prosecute mortgage fraud. The funds will be used for a new prosecutor and investigator.
read full story from the Associated Press
Sept. 4, 2009


Charges Dropped Against Ohio Defendant
A judge has dismissed mortgage fraud charges against Haney Bichat.
read full story at The Columbus Dispatch
Sept. 2, 2009


Realtor Vindicated
The Colorado Real Estate Commission retracted all claims and allegations of mortgage fraud against real estate broker Curtis Sears.
read story at the Greeley Tribune
Aug. 27, 2009


CA Fraud Bill Progresses
SB 239 was unanimously approved by the California legislature and awaits Gov. Arnold Schwarzenegger's signature.
read story from the San Jose Mercury News

Reverse Fraud Rises
So far during the fiscal year that ends at the end of September, HUD has referred 29 cases of suspected reverse mortgage fraud to its Office of Inspector General.
read story at Wall Street Journal | 2nd link
Aug. 25, 2009


ID Theft, Appraisal Fraud Drive Increases Fraud Risk
The risk of mortgage fraud has migrated west during the past year, a new study indicates. While fraud involving inflated home valuations and identity theft leapt, occupancy and income fraud tumbled.
read story at MortgageDaily.com
Date Defendants State Amount Overview News
Publication
Oct. 9 Sergio Natera, Anna McElaney CT home sales of
$745,000
Indictment. Connecticut Post

Associated Press

Oct. 9 Justin M. Sabo, Thomas F. Gentile, Julio C. Martinez NV $65,000 Arrest. Huntington Beach Independent

The Orange County Register

Oct. 8 David Sobol, Alla Sobol, Viktor Kobzar, Donata Baydovskiy, Vladislav Baydovskiy, Camie Byron, Sandra Thorpe WA $47,000,000 Two charged. Issaquah Press
Oct. 8 Rafael Vascones NY $1,210,000 6-month sentence. YourNabe.com
Oct. 8 Jeffrey LaRochelle, Eric Finger, Denise Parks, Foriduzzman Sarder, Sakat Hossain, Mikael Huq, Reginald Johnson, Frederick Warren, Dorian Brown, Fritz Bonaventure, Joell Barnett, Brandon Lisi NY $9,000,000 Indictments. New York Attorney General

Long Island Business News

Dow Jones Newswires

NewYork Daily News

Oct. 7 Eric Moen, Winkelman MN $640,000 Guilty plea. GreenPoint Mortgage defrauded. Associated Press

Valley News Live Local/Regional

Oct. 6 Viktor Kobzar WA $47,000,000 Guilty plea. Associated Press
Oct. 6 Joshua Gervolstad CA losses of
$1,200,000
Guilty plea. The Record Searchlight
Oct. 5 Clifford McCall, Chandra Jones MD $6.000,000 3- and 4-year sentences. Associated Press
Oct. 3 Margaret Giresi, Benjamin Osmanson, Jillian Protzman, Mike Otis, Chris Whitfield, CA, FL, KY, VT $26,000,000 Guilty plea. Marco Eagle
Oct. 2 Maurice Ragland, Wildor Washington, Victoria Bennett, Terrence Cole, Scott Alexander, MO multiple properties Guilty plea. WIBW
Oct. 2 Rafael Vascones NY $350,000 6-month sentence. Associated Press

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