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Mortgage Fraud Archives
Week Ending Nov. 27, 2009
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Mortgage Fraud News
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Case Activity
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Dec. 1, 2009
Fraud Prevention Service Links to SSA
A California fraud prevention firm is touting its status as one of the first enrolled companies in a Social Security Administration program.
read full announcement
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Nov. 27, 2009
CA's Central Valley Mortgage Fraud Hot Spot
Federal mortgage fraud indictments in California's central region were 50 last year and totaled 30 over the past 12 months -- with each case resulting in losses of $1 million to more than $5 million.
read full story from Business Journal
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Nov. 24, 2009
Feds Attack AZ Fraud
U.S. Attorney Dennis Burke has obtained approval to hire three attorneys who will focus on Arizona mortgage fraud cases.
read story from The Arizona Republic
Federal, State Officials Meet on NV Fraud
U.S. Sen. Harry Reid, Federal Trade Commission Chairman Jon Leibowitz and Nevada Attorney General Catherine Cortez Masto were among officials at a mortgage fraud event in Las Vegas.
read story from Associated Press
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Nov. 23, 2009
Appraiser Wears FBI Wire
A Kansas City appraiser talks about how he wore a hidden microphone to help bust a huge mortgage-fraud scheme.
read story at KansasCity.com
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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
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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
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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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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Nov. 27 |
Mark Ashmore, Luke Reimer, Christopher Dicugno, Equity Solutions Northwest, Remarkable Properties LLC |
WA |
multiple properties, some for millions |
Charges unsealed. |
Seattle Post Intelligencer |
| Nov. 25 |
Ivy Woolf-Turk, Michael Hershkowitz |
NY |
$27,000,000 |
5-year sentence. |
LawFuel.com
The Oregonian
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| Nov. 25 |
Lee Howlett |
OR |
$3,700,000 |
3.5-year sentence. |
Associated Press |
| Nov. 24 |
Brandon Azadegan |
AZ |
4 properties involved |
18-month sentence. Case No. CR-08-00612-PHX-NVW |
Arizona RealEstateRama |
| Nov. 24 |
na |
NY |
$1,000,000 |
Victim story. |
The Brooklyn Link |
| Nov. 24 |
William T. McMahan |
TN |
home sale prices of $30,000,000 |
6.5-year sentence. |
Shelbyville Times-Gazette |
| Nov. 24 |
Garry Souffrant, Yvonne Souffrant |
FL |
$7,000,000 |
Pastor, wife convicted. |
The Associated Press |
| Nov. 24 |
Wayne Marlon Benedic Lezama |
VA |
$3,000,000 |
Guilty plea. |
The Virginian-Pilot
Associated Press
Daily Press
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| Nov. 23 |
David Crisp |
CA |
$11,000,000 |
Banned from industry. |
Associated Press |
| Nov. 23 |
Pak Tim Lui, Pak Yan Lui, Pak Hor Lui, Keng Ming Wong, Pak Chang Lui, Ken Lam |
OH |
around 56 homes involved |
Pre-trial hearnings. |
examiner.com
The Plain Dealer
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| 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
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| Nov. 20 |
Kevin M. O'Connell, PB Enterprises Inc., Greater Atlantic Associates Inc., |
NY |
$5,300,000 |
Guilty plea. |
The Business Review |
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