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Mortgage Fraud Archives
Week Ending Nov. 6, 2009
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Mortgage Fraud News
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Case Activity
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Nov. 4, 2009
Over 100 Florida Arrests
The crackdown in Florida resulted in more than 100 arrests alreade.
read story from CFNews13.com
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Nov. 3, 2009
NY Senate Hears Mortgage Fraud Testimony
A state senate committee in New York heard testimony from victims of mortgage fraud.
read story at the Legislative Gazette
Florida Fraud Flurry
The U.S. Attorney's Office, the Federal Bureau of Investigation and the Internal Revenue planned a media blitz on mortgage fraud in Florida.
read Associated Press story
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Oct. 30, 2009
Red Flags Rule Delayed
The Federal Trade Commission announced Friday that enforcement of the Red Flags Rule has been delayed.
read story at MortgageDaily.com
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Oct. 27, 2009
Despite HVCC, Valuation Fraud to Rise
Despite the implementation of the Home Valuation Code of Conduct, a new report suggests that occurrences of fraudulent home valuations are expected to shoot up by one-quarter. The report also indicated that states with the highest risk of mortgage fraud are those states with the highest levels of foreclosures.
read full story at MortgageDaily.com
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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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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Nov. 6 |
William E. Nichols |
LA |
$2,900,000 |
Guilty plea. |
MortgageDaily.com
ArkLaTex
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| Nov. 6 |
William Craig Straub |
FL |
$2,740,000 |
Guilty plea among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Lakeisha Gates, Gretchen Scott, Eric Scott |
FL |
$300,000 |
Guilty plea among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Robert W. Bentley |
FL |
$1,250,000 |
Arrest warrant sought among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Richard Likane |
FL |
$356,000 |
Arrest warrant sought among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Nelson Bryan Rivera Valentin |
FL |
$900,000 |
Charges among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Beatriz Sanchez |
FL |
$670,300 |
Fugitive sought among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Roy Watson |
FL |
$700,000 |
Arrest sought among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Jorge Socorro, Corey Brower, Sandi Brower |
FL |
na |
Sentencing of GreatStone execs among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Jason Anthony Martinez |
FL |
$4,000,000 |
Guilty plea among 30 Tampa arrests and part of 105 statewide arrests. |
SunCoast News |
| Nov. 6 |
Edward William Farley |
GA |
$20,000,000 |
Guilty plea. |
Associated Press
Chattanoogan.com
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| Nov. 6 |
Donald W. Linville, Jordan S. Alvarez, Sharon Keller Baker, Delvin R. Campbell, Lashonda Dudley-Williams, Jennifer Rosemarie Genus, Donna Nelson Gurlides, Jean Tan Jones, Timothy Lee Miller, Jeffrey Rubin, Mildred Ann Russell, Marshall Craig Scott (commonly known as Craig Scott), Cynthia Darlene Strickland, Fe V. Tan, Barry C. Westergom, Joseph Cirlot, Christopher Reid, Winslow Ballenger Wheeler, Cassie R. Clarkson |
FL |
na |
Former Compass Bank exec among 24 Jacksonville defendants charged. Part of 105 statewide arrests. |
Jacksonville.com |
| Nov. 5 |
19 Orlando-area defendants |
FL |
$38,000,000 |
Arrests part of 105 statewide arrests. |
FOX 35 News |
| Nov. 5 |
Craig Scott, 23 real estate profesionnals |
FL |
$244,000,000 |
Indictments. |
The Florida Times-Union |
| Nov. 5 |
Teresa Marie Wilson, Angelo Surveo Williams |
MI |
na |
Trial in process |
Jackson Citizen Patriot |
| Nov. 4 |
Maria Antonia Franks Hernandez |
MI |
1 loan |
Arraignment. |
The Grand Rapids Press
WWMT.com
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| Nov. 4 |
Larry Corna, Alan Csipke |
OH |
3 properties |
4-year sentence. |
ThisWeek |
| Nov. 4 |
32 Fort Myers-area defendants |
FL |
$25,000,000 |
Multiple cases as part of 105 statewide arrests. |
News-Press.com |
| Nov. |
Nestor Bryan Rivera Valentin |
FL |
$900,000 |
Arrest in case where Lehman Brothers Bank was victim. |
Bradenton.com |
| Nov. 4 |
30 Tampa defendants |
FL |
$103,000,000 |
Arrests as part of 105 arresst. These cases invovled 313 properties. |
U.S. Attorney General
Bradenton.com
Tampa Bay Business Journal
The Suncoast News
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| Nov. 4 |
105 defendants across state |
FL |
$400,000,000 |
Total arrests across state in 98 cases involving 700 properties. |
Bradenton.com |
| Nov. 3 |
Joseph McCloskey Diaz & 9 others, including salsa singer |
PR |
$14,000,000 |
Defendants charged. |
Associated Press |
| Nov. 3 |
Charles Evans, Chris Evans |
MS |
millioins |
Motion filed. |
MSBusiness.com |
| Nov. 3 |
Mark Strodtman, JS Real Estate LLC |
CO |
na |
Trial begins. |
Greely Tribune |
| Oct. 30 |
Terrence White |
MD |
$19,000,000 |
3-year sentence. |
Associated Press |
| Oct. 30 |
Raymond A. Desautels III, Allen J. Seymour. Jason Passell, Judith Piette |
MA |
$3,000,000 |
Guilty plea. |
Worcester Telegram |
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