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

Mortgage Fraud Archives

Week Ending Oct. 16, 2009

 

Mortgage Fraud News

Case Activity

Oct. 13, 2009


Fraud Databases Explode
Just one day after Interthinx announced a nationwide mortgage fraud database, First American CoreLogic announced that its mortgage fraud repository is the biggest in the country.
read full announcement
Oct. 12, 2009


Lenders to Share Mortgage Fraud Data
A new collaboration between Interthinx Inc. and MERS has resulted in a massive database of mortgage fraud activity that will enable mortgage lenders to identify and share data about fraudulent transactions.
read full announcement
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
Date Defendants State Amount Overview News
Publication
Oct. 16 Jim McConville CA at least:
$1,900,000
Investigation ongoing. KGO ABC Local
Oct. 16 Julian James Ruiz III OR "millions of dollars" Arraignment. Statesman Journal
Oct. 16 Lavette Bills NY $5,6000,000 Indictment (part of $64 mil in cases from Operation Bad Deeds). The Journal News
Oct. 16 Guy American Funding Corp NY fine up to
$1,000,000
Indictment (part of $64 mil in cases from Operation Bad Deeds). WNYC
Oct. 16 Emmanuel Roy NY $6,800,000 Indictment (part of $64 mil in cases from Operation Bad Deeds). New York Law Journal
Oct. 16 Dustin J. Dente, Brandon Lisi NY $3,500,000 Indictment (part of $64 mil in cases from Operation Bad Deeds). New York Law Journal
Oct. 16 Dean A. Reskakis NY $6,000,000 Indictment (part of $64 mil in cases from Operation Bad Deeds). New York Law Journal
Oct. 16 Cheddi B. Goberdhan, Ravi Persuad NY $23,000,000 Indictment (part of $64 mil in cases from Operation Bad Deeds). New York Law Journal
Oct. 15 Foriduzzaman Sarder, Sakar Hossain, Mikael Huq, Reginald Johnson NY $9,000,000 Arrests. YourNabe.com
Oct. 15 Diane H. Frederick Atari VA $50,000,000 Arrest. Loudoun Times-Mirror

Leeburg Today

Oct. 15 Michael O'Keefe Jr., Calvin Davis LA $600,000 18-month sentence for owner of Citywide Mortgage Co. Times-Picayune
Oct. 15 Stanley Garfield Williams Jr., NC over
$6,000,000
6-year sentence. StarNewsOnline.com
Oct. 15 41 defendants from 8 cases total NY $64,000,000 Dozens arrested in 8 cases. "Operation Bad Deeds." New York Law Journal

USA Today

Wall Street Journal

Oct. 14 Jason Bloom, PA $1,730,874 90-month sentence. FBI.gov
Oct. 14 Hassan Nagi, Ali Haidous, Safi Bzeih, Maria Linares, Hussein Aoun MI $1,900,000 20-month sentence. Press and Guide
Oct. 14 Kara Robinson-Franks, Wildor Washington, Maurice Ragland, Victoria Bennett, Terrence Cole, Scott Alexander, Heritage Financial Investments, Legacy Enterprises, Atlantic Mortgage, Inc., T.E.R.M. Appraisers, the Real Estate Group, J.T.F. Enterprises, Liberty Escrow, AMSTAR Mortgage KS home value:
$1,000,000
Guilty plea. Infozine

Kansas City Business Journal

Associated Press

Oct. 13 Richard Garries VA restitution of
$900,000
20-year sentence. Associated Press
Oct. 13 David Sobol, Alla Sobol, Viktor Kobzar, Donata Baydovskiy, Camie Byron, Sandra Thorpe WA $47,000,000 Guilty pleas. Issaquah Press
Oct. 13 Rony Alberto Aguilar-Hecker, Reinaldo Perez-Sanchez, Pablo Atouro Aponte-Torres, Fabio Salazar, Roger Omar Nunez-Murillo, Idalmis C. Arias, Ericson Perez, Juan Carlos Lopez FL WaMu losses
$8,500,000
Indictments issued. Sun-Sentinel
Oct. 12 Robert Penn, Kevin M. Lafavers IN purchase prices:
$16,600,000
Guilty plea. Countrywide Bank loses on many of the deals. WTHR 13 Eyewitness News

Associated Press

Indianapolis Star

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


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