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Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

Mortgage Fraud Archives

Week Ending Nov. 20, 2009

 

Mortgage Fraud News

Case Activity

Nov. 17, 2009


South Chicago Condos Stung Hard by Mortgage Fraud
On the South Side of Chicago, mortgage fraud hit condominium communities especially hard.
listen to full story from WBEC

FBI Warns of Fraud During Foreclosure Process
The FBI's Detroit offices sent representatives to speak to agents at Michigan Re/Max about mortgage fraud during the foreclosure process.
read full story from Daily Press & Argus
Nov. 16, 2009


US AG Reports Huge Rise in Fraud Cases
U.S. Attorney General Eric Holder reported that the Federal Bureau of Investigation is currently investigating 2,400 mortgage fraud cases -- a 400 percent increase from five years ago.
read full DOJ announcement
Nov. 4, 2009


Over 100 Florida Arrests
The crackdown in Florida resulted in more than 100 arrests alreade.
read story from CFNews13.com
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
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
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
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
Date Defendants State Amount Overview News
Publication
Nov. 20 Tyler Fitzsimons, Jeremy Kendall, Shannon Egeland, Garret Towne, Jeffrey Sprague, Shaun Little, Del Barber Jr., Robert Brink, Desert Sun Development OR $19,000,000 Grand jury charges. KTVZ.com

The Oregonian

Associated Press

Argus Observer

Nov. 20 Kevin M. O’Connell, PB Enterprises Inc., Greater Atlantic Associates Inc., NY $5,300,000 Guilty plea. The Business Review
Nov. 19 Randal Antoine SC 38 closings Guilty plea in case where stolen identities were used to steal DPA funds. WMBF

TheState.com

Nov. 19 Christopher Oetting, Steven Kayden, James "Cash King" Benjamin Duncan, Hendrix Moreno Montecastro, Helen Moreno Pedrino, Maurice McLeod, Charlie Sung Muk Choi, Cindi Gayle Kelly, Thuan Nhan Du CA $19 million pocketed by 1 defendant, 249 counts, multimillion Charges filed. Newsday

The Desert Sun

Associated Press

Nov. 19 George Guldi NY $82,000,000 Not-guilty plea. Newsday
Nov. 19 Rebecca Tharpe NY na Conviction and order for public speaking against fraud. THE ASSOCIATED PRESS

Newsday

Nov. 19 Anthony Curtis Willis NC prices inflated up to $500,000 on multi transactions Guilty plea. Charlotte Observer
Nov. 19 500 suspects identified NV 300 cases, many involving at least
$1,000,000
FBI sources quoted. Las Vegas Sun
Nov. 18 Mark Strodtman CO 11 counts Conviction. Associated Press
Nov. 18 Thomas Preston, Redding Appraisers CT value
$2,700,000
Not guilty plea. Westport Now
Nov. 18 Freddie Young, Everett Snellenberger, Brian Gondeck, Angelo Williams MI several transactions Possible trial. Jackson News
Nov. 17 Brandon Lisi, Dustin Dente NY 2 houses Charges in new case against 2 attorneys. Newsday
Nov. 16 Sharon Cox OH purchase price of
$441,000
1-year sentence. Plain Dealer
Nov. 16 Pamela Holder TN $2,400,000 1-year sentence. The Associated Press
Nov. 16 Joy Jackson, Metropolitan Money Store MD restitution of
$16,000,000
12-year sentence. The Associated Press
Nov. 16 Robert Wrolstad, Russell Todd McBride Century Mortgage and Finance Inc. MO $20,000,000 11-year prison sentence. KMOX Radio

Heartland News

KSDK

ST. LOUIS POST-DISPATCH

St. Louis Business Journal

Nov. 15 Edward William Farley, Creative Home Search, Southern Land Partners, Georgia Land Group, Global Mortgage GA losses over
$20,000,000
Guilty plea. Braselton News Today
Nov. 14 Thomas E. Stringer Sr. FL $350,000 No-prison sentencing. ST. PETERSBURG TIMES
Nov. 13 Wildor Washington Jr., Scott Alexander, 4 others KS $14,000,000 Guilty plea. The Kansas City Star
Nov. 13 Brian Scott, Gerrylene Villanueva PA 6 properties, 1 for
$50,000
Arraigned. The Scranton Times Tribune

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