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Mortgage Fraud Archives

Week Ending October 21, 2011


Mortgage Fraud News

Case Activity

Mortgage fraud protection legislation signed into law by governor
Oct. 20 -- LANSING, Mich. - According to the most recent statistics from the FBI, Michigan is one of the top 10 states for mortgage fraud. So it might come as a surprise to homeowners to learn that mortgage fraud is not, strictly speaking, a crime.
read full press release at MortgageDaily.com
Drug Felon Indicted as Mortgage Broker
Oct. 20 -- Billy Joe Cannon, a felon who received his state mortgage broker's license just one month after finishing probation on federal drug charges, is in trouble again. This time, he's facing charges of running a mortgage fraud scheme.
read full story at MortgageDaily.com
Former WV Appraiser Licensing Official Indicted
Oct. 20 -- CHARLESTON, W.Va. -- A real estate appraiser who once held an appointed position in West Virginia state government is facing fraud charges in North Carolina for allegedly falsifying hundreds of appraisals.
read full story at MortgageDaily.com
3 Oregon Men Sentenced in $4 Million Case
Oct. 19 -- Three Oregon men were handed prison sentences in federal court in Portland for their roles in a Vancouver-based mortgage brokerage service scheme.
read full story at MortgageDaily.com
MN Couple Indicted in $5 Million Minnesota Case
Oct. 19 -- Hastings businessman Jim Hoffman will finally get his day in court.
read full story at MortgageDaily.com
Guilty Plea from PA Man
Oct. 19 -- James C. Platts, once president of Easy Realty Services, pleaded guilty today to mail fraud, money laundering and conspiracy in relation to a series of property sales from 2005 through 2007 that put borrowers in over their heads, and resulted in lenders foreclosing and losing money.
read full story at MortgageDaily.com
Real Estate Executive Indicted Over 13 Fraudulent Property Purchases
Oct. 17 -- A federal grand jury has indicted a Dixon, Calif., real estate executive for mortgage fraud.
read full story at MortgageDaily.com
Borrower Sentenced for Lying About Income
Oct. 17 -- A Lexington woman was sentenced to 15 months in prison Friday for a mortgage fraud scheme that caused a lending company to lose tens of thousands of dollars.
read full story at MortgageDaily.com
8.5 Year Sentence in $43 Million Fraud Scheme
Oct. 17 -- A federal judge sentenced a 45-year-old Burnsville, Minn., man Thursday to 8 1/2 years in prison for his role in a massive mortgage fraud scheme that bilked local lenders of $43 million.
read full story at MortgageDaily.com
Guilty Plea in $7 Million Case
Oct. 17 -- A Long Island, N.Y., woman has pleaded guilty to her role in a multimillion-dollar mortgage fraud scheme that involved more than 40 multi-family homes in Bridgeport, Conn.
read full story at MortgageDaily.com
Conviction in Case Involving 7 Atlantic City Properties
Oct. 17 -- A Bronx, N.Y., woman was convicted Thursday for organizing a mortgage fraud scheme involving seven properties in Atlantic City, U.S. Attorney Paul Fishman announced.
read full story at MortgageDaily.com
Date Defendants State Amount of Loans Overview Source
Oct 21 Jason Ray Patterson, Allen Dana, Ronald George "Ronko" Tomich, Isaac "Jack" Soussana, Israel "Izzy" Soussana and Patricia Snuggs CA Multi-million dollar scheme Indictments. PressTelegram.com
Oct 20 Edward Lugo (6 total) CA Multiple properties Guilty plea. Department of Justice
Oct 20 Stephen J. Troese, James Kevin Hughes, Brenda Lukenich MD $2,500,000 - $7,000,000 Troese pleaded guilty. Others previously pleaded guilty and await sentencing. Department of Justice
Oct 19 Karen Washam-Hawkins, Gerald William Bartlett, Shade Jerome Howard, Ronald E. Brown, Jr., Daryle A. Edwards MO $3,000,000 Hawkins and Bartlett pleaded guity. Howard, Brown, and Edwards sentenced in separate hearing. Department of Justice
Oct 19 Robert Charles Ramirez, William Troy Goings MO $8,500,000 Indicted. Department of Justice
Oct 19 Juan Carlos Hernandez, Miguel Valerio, James D. Levitt RI $3,500,000 Hernadez pleaded guilty. Others await trial. Department of Justice
Oct 19 James Kevin Hughes MD $3,100,000 Guilty plea. Department of Justice
Oct 19 Jaco Huguet AZ More than $1,000,000 Sentenced to 2 years prison plus $500,000 in restitution. Department of Justice
Oct 19 Kimberly S. Daise FL $3,200,000 Indicted. Department of Justice
Oct 18 Todd Britton-Harr, Karyn Britton FL At least $1,000,000 Indicted. Trial set for December 5. WearTV.com
Oct 18 Randall Causey, Gordon Rainey (5 total) IN Multiple properties Guilty plea from Causey. NWITimes.com
Oct 18 James Warren Hoffman, Teresa Gay Hoffman MN $5,000,000 Indicted. Department of Justice
Oct 18 Maurizio Lancia, Stacey Petro (aka Stacey Moises), Jose Guzman, William Athan (12 total) CT $3,600,000 Guilty pleas. Department of Justice
Oct 18 Chadwick Amsden, Joel Rosabal, Adam Perkins OR $5,800,000 Sentences: Amsden 27 months prison plus 5 years supervised release; Rosabal 33 months prison plus 5 years supervised release; Perkins previously sentenced to 21 months prison plus $1.2 million restitution. Department of Justice
Oct 17 James C. Platts PA Multiple properties Guilty plea. Sentencing schedule for April 23. Department of Justice

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