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Week Ending Oct. 23, 2009

 

Mortgage Fraud News

Case Activity

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
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
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

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

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

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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