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Mortgage Fraud Archives

Week Ending October 14, 2011

Mortgage Fraud News

Case Activity

Fraud Case Dismissed Against Fla. Cop, Lawyer
Oct. 13 -- FORT LAUDERDALE, Fla. -- Federal prosecutors said Wednesday they are dropping all criminal charges against a Fort Lauderdale lawyer and a former police officer arrested last year in a mortgage fraud investigation.
read full story at MortgageDaily.com
Federal Agents Honored by U.S. Attorney for their Efforts Against Mortgage Fraud
Oct. 12 -- MINNEAPOLIS—To date in 2011, more than a dozen people have been charged federally with mortgage fraud and related crimes in the District of Minnesota. These complex cases are the result of lengthy investigations by federal agents, in particular, Special Agent Andy Gibart of the Internal Revenue Service's Criminal Investigation Division ("IRS-CID"), Special Agent Jennifer Khan of the Federal Bureau of Investigation, and Inspector Christine Kroells of the United States Postal Inspection Service ("USPIS").
read full story at MortgageDaily.com
Guilty Plea for Processor, Attorney
Oct. 12 -- The company name said it all: Easy Realty Solutions, of Pine, thrived at a time when mortgages seemed to be yours for the asking.
read full story at MortgageDaily.com
DataQuick Updates Fraud Detection Tools in LoanShield
Oct. 10 -- DataQuick(R), a provider of advanced real estate information solutions powered by higher quality data, analytics and advanced decisioning, announced the addition of Property Review to LoanShield(TM), DataQuick's fraud protection platform.
read full story at MortgageDaily.com
Mortgage Broker Pleads Guilty in Flipping Scheme
Oct. 10 -- A Dublin, Ohio man, Andrew Hill, 34, has pleaded guilty in U.S. District Court to bank fraud and money laundering for obtaining more than $1.2 million in fraudulent mortgage loans involving investment properties in Portsmouth, then "flipping" the properties and selling them to unqualified buyers.
read full story at MortgageDaily.com
Guilty Plea for Mortgage Broker, L.O.
Oct. 10 -- A Severna Park, Md., mortgage broker pleaded guilty Friday in a mortgage fraud case that left lenders with more than $940,000 in losses, robbed homeowners of at least $1.2 million in home equity and pushed 16 homes into foreclosure, the Maryland U.S. attorney's office said.
read full story at MortgageDaily.com
Date Defendants State Amount of Loans Overview Source
Oct 14 Antoinette Payne OH $1,000,000 Indicted. Department of Justice
Oct 13 Hubert Rotteveel CA $3,000,000 Indicted. Department of Justice
Oct 13 Troy David Chaika, Dustin Lee LaFavre MN $43,000,000 Chaika sentenced to 8.5 years prison. LaFavre previously sentenced to 4 years prison. MortgageDaily.com
Oct 13 Jong Shin, Anna Shea, Michael Oxley, Tula Rampersaud, Sudesh Rampersaud, Steven Boswell, Esther Zhu NJ At least $1,200,000 Shin convicted. Others pleaded guilty and await sentencing. J.P. Morgan Chase Bank a victim lender. Department of Justice
Oct 13 John J. McElroy PA $4,000,000 Indicted. Department of Justice
Oct 12 Portia R. Louder, Chad Louder UT Multi-million dollar scheme Indictments. Department of Justice
Oct 12 Paul Bieber, Mary Lee Reinking, Natalie Long, Darryl Hanneken, Robert Herdrich, Mary Pat Lord, Marc Engelmann IA More than $200,000 Bieber sentenced to 3 years probation plus $37,969 in restitution; Reinking and Long previously sentenced to probation; Hanneken and Herdrich previously sentenced to 40 months prison; Lord and Engelmann await sentencing. Department of Justice
Oct 12 Marleen Shillingford CT $7,000,000 in losses Guilty plea. Department of Justice
Oct 12 Justin Michael Ray IA $711,500 Sentenced to 37 months prison plus 5 years supervised release and $203,097.86 in restitution. Department of Justice
Oct 12 Steven Stoll, Dennis Guaracino, Joseph Guaracino FL $16,000,000 Charges against Stoll and Dennis Guaracino dropped. MortgageDaily.com
Oct 11 Angela Esparza NV Multiple properties Pleaded guilty. Department of Justice
Oct 11 Diane H. Frederick Atari VA $50,000,000 Pleaded guilty. LoudounTimes.com
Oct 11 Melissa Collins Gulledge AL Multiple properties Judge finds Gulledge fit for trial. Al.com

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