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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. |
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Mortgage Fraud Archives
Week Ending October 21, 2011
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Mortgage Fraud News
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Case Activity
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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| 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 |
archived case entries back to 2005
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