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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.
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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 November 11, 2011
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Mortgage Fraud News
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Case Activity
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Attorney Admits Role in Fraud Scheme
Nov. 10 -- New Haven lawyer David Kinney faces more than three years in prison after pleading guilty Wednesday to participating in a conspiracy that used fraudulent real estate transactions to bilk lenders out of mortgage loans.
read full story at MortgageDaily.com
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Father, Mother and Daughter Sentenced
Nov. 10 -- Three family members who pleaded no contest to conspiracy and grand theft in a multi-million dollar mortgage fraud scheme were sentenced to prison Wednesday.
read full story at MortgageDaily.com
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Florida Couple Admit to 50 Fraudulent Loans
Nov. 10 -- A Tampa couple pleaded guilty to their part in an $8.8 million mortgage fraud racketeering conspiracy.
read full story at MortgageDaily.com
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Jury Convicts Former Realtor
Nov. 9 -- A former East Berlin real-estate agent defrauded mortgage lenders of more than $6.2 million by filing false loan applications, then pocketed about $2.3 million of that money, a federal jury in Harrisburg determined this week.
read full story at MortgageDaily.com
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First Franklin Primary Victim in Mortgage Fraud Case
Nov. 9 -- The collapse of the housing bubble exposed Sacramento as one of the nation's centers for mortgage fraud. Yet even here, prosecutors say, their latest case stands out for its scope and the number of people involved.
read full story at MortgageDaily.com
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Guilty Plea for Former Police Officer
Nov. 9 -- A former Plantation police officer faces up to five years in prison after reaching a plea deal Tuesday with federal prosecutors who had alleged he orchestrated more than $16 million in mortgage fraud in South Florida.
read full story at MortgageDaily.com
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Fraudulent Cashout Transaction Leads to Loss of Home
Nov. 7 -- On Friday, Imogene Hall fought against tears as she boxed up her belongings and shut the door at her Miami Gardens home for the last time, closing the chapter on a five-year homeownership nightmare.
read full story at MortgageDaily.com
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Man Accused of Mortgage Fraud, Merger Fraud and Bankruptcy Fraud
Nov. 7 -- Peter M. Cicero bought companies that closed real estate transactions. But in doing so, he defrauded the lender backing the purchase, according to an indictment unsealed in U.S. District Court today.
read full story at MortgageDaily.com
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Crackdown Yields Charges on $21.2 Million in Mortgage Fraud
Nov. 7 -- A crackdown on mortgage fraud in the Myrtle Beach area -- announced by federal officials nearly 11/2 years ago -- has netted nearly two dozen indictments and guilty pleas thus far, and prosecutors say more charges will be forthcoming.
read full story at MortgageDaily.com
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4 More Indictments in $10 Million Calif Case
Nov. 7 -- A federal grand jury today indicted four Sacramento residents as part of wide-ranging investigation into mortgage fraud involving members of the local Russian-American community.
read full story at MortgageDaily.com
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$5 Million MN Case Yields 3rd Sentence
Nov. 7 -- A third major player convicted of racketeering in a $5 million mortgage fraud scheme was sentenced this week to seven years in prison.
read full story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Nov. 10 |
Syed Rehman |
NJ |
$1,000,000 |
Pleaded guilty. Sentencing set for Feb. 15, 2012. |
Department of Justice |
| Nov. 10 |
Glenn Watkins, Kevin Watkins, Frederick Davis |
CA |
$1,000,000 |
Pleaded guilty. |
MortgageDaily.com |
| Nov. 10 |
Michael Hurd |
WV |
$2,000,000 |
Pleaded guilty. |
WTOV9.com |
| Nov. 9 |
Michael Lance Persac, Jason Ellis |
MS |
Multiple properties |
Sentences: Persac sentenced to 30 months prison plus 3 years supervised release and restitution/forfeiture of $3,624,383; Ellis sentenced to 5 months prison plus 5 months home confinement and 3 years supervised release, plus a total of $224,978 in restitution/forefeiture. |
Department of Justice |
| Nov. 9 |
Guadalupe Ramirez, Augustine Ramirez, Maria Ramirez |
CA |
$350,000 in restitution |
Sentences: Guadalupe 6 years prison; Maria 6 years prison, Augustine 4 years prison. |
MortgageDaily.com |
| Nov. 9 |
David Kinney |
CT |
Multiple properties |
Guilty plea. |
Department of Justice |
| Nov. 9 |
David Barile, Melissa D. Barile |
FL |
$8,800,000 |
Guilty pleas. |
Department of Justice |
| Nov. 8 |
Walter Bressler |
NH |
$2,500,000 |
Motion filed to delay sentencing |
Motion |
| Nov. 8 |
Joseph Guaracino, Joseph DeRosa, John Velez, Matthew Gulla, Rene Rodriguez, Jacqueline Trumbore |
FL |
$16,000,000 |
Guilty plea from Guaracino. Others previously sentenced: DeRosa 37 months prison; Velez 42 months prison; Gulla 34 months prison; Rodriquez 43 months prison; Trumbore received probation. |
Department of Justice |
| Nov 7 |
Linda Abdullah (aka Linda Holt), Eric Waldon, Rolando Hampton, Felicia Hairston, Jacqueline Holt (aka Jacqueline Jones), Andrew Holt |
MI |
Multiple properties |
Guilty pleas. |
Department of Justice |
| Nov 7 |
Joanne M. Seeley |
PA |
$6,200,000 |
Convicted. |
Department of Justice |
archived case entries back to 2005
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