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Mortgage Fraud Archives
Week Ending Oct. 9, 2009
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Mortgage Fraud News
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Case Activity
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Oct. 9 |
Sergio Natera, Anna McElaney |
CT |
home sales of
$745,000 |
Indictment. |
Connecticut Post
Associated Press
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| Oct. 9 |
Justin M. Sabo, Thomas F. Gentile, Julio C. Martinez |
NV |
$65,000 |
Arrest. |
Huntington Beach Independent
The Orange County Register
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| 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
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| Oct. 7 |
Eric Moen, Winkelman |
MN |
$640,000 |
Guilty plea. GreenPoint Mortgage defrauded. |
Associated Press
Valley News Live Local/Regional
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| 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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