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Mortgage Fraud Archives
Week Ending Oct. 23, 2009
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Mortgage Fraud News
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Case Activity
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Oct. 18, 2009
Presidential Death Threats Force Secret Service to Shift Resources from Fraud
Mortgage fraud has taken a backseat as the Secret Service shifts resources to cope with an increase in death threats following the election of Barack Obama.
read full story at the Boston Globe
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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
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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
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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
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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
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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
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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
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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
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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
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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
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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Oct. 23 |
Timothy Lynn Beliveau, American Alliance Mortgage Group |
MN |
$2,500,000 |
Indictment. |
Pioneer Press |
| Oct. 23 |
18 indicted including Guo Ying "Ivan" Lu, Siming Zhu, Dennis Hou Huan Yang, Ngai Chung Hung, Wayne Rong Zhi Feng, Wing Chou Chan, Dickson Wing Kei Hung, Karen N. Lee |
CA |
$15,000,000 |
Indictments on fraud case tied to marijuana grow houses. |
United Press International
YourNabe.com
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| Oct. 22 |
Anthony "Tony" Ianne |
CO |
n.a. |
Indictment. |
the Chieftain |
| Oct. 22 |
Joseph Evans, Jerry Calonge, Mark Barnett, Orette Killikelly, George Esso, Faith Esimai, Rafick Bakus, Norman Barabash, Adeolu Adeniji |
NY |
$64,000,000 |
Indictments. |
YourNabe.com |
| Oct. 21 |
Scott Fawcett, Debra L. Landberg |
FL |
$2,277,481 |
Charges filed against homebuilder |
Marco Eagle |
| Oct. 21 |
Micah J. Beaumia |
MN |
$2,200,000 |
Guilty plea. |
Star Tribune |
| Oct. 20 |
Zach Magalei, Issiah Magalei |
CO |
100 homes involved |
2-year probation sentence. |
KUSA 9 News |
| Oct. 19 |
Yvette Scott Patterson, Delroy Patterson |
FL |
$10,000,000 |
6-year sentence. |
South Florida Sun Sentinel |
| Oct. 19 |
Kara McIntosh |
MD |
restitution of
$3,300,000 |
3-year sentence. |
Associated Press |
| Oct. 19 |
John Hemphill, United States Mortgage Release Corp. |
IL |
100 victims |
Defendant posed as federal official and illegally transferred deeds. |
Chicago Tribune |
| Oct. 19 |
Eve Mazzarella, Steven Grimm |
NV |
227 properties
losses of over
$17,000,000
purchase prices
$107,000,000 |
Criminal lawsuit delayed 1 year as 250,000 pages of evidence analyzed. Husband & wife also face 31 civil lawsuits. |
Las Vegas Sun |
| 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 |
MTC, Lavette Bills |
NY |
$5,6000,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
The Journal News
New York Times
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| Oct. 16 |
Guy American Funding Corp., Peggy Persaud, Ravi Persaud, Cheddi Goberdhan, |
NY |
$23,000,000 |
Indictment (part of $64 mil in cases from Operation Bad Deeds). |
WNYC
New York Times
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| 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 |
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