|
|
|
|
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.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
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. |
|
|
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 |
archived case entries back to 2005
|
|
|
|
|
|
|
|
