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Mortgage Fraud Archives
Week Ending Dec. 4, 2009
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Mortgage Fraud News
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Case Activity
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Dec. 3, 2009
MD County Tackles Fraud
Representatives from the Prince George's County state's attorney's office pledged more effort to combat mortgage fraud.
read story from Gazette.net
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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
DOJ Solifies NC Partnership
The U.S. Attorney's Office for the Western District of North Carolina said the Obama administration's Interagency Financial Fraud Enforcement Task Force formalizes the partnerships it already had with states.
read story at Charlotte Observer
Miami Fraud Task Force Busy
The Miami-Dade Mortgage Fraud Task Force has made more than 175 arrests and opened an additional 780 investigations.
read story at HeraldTribune.com
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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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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Dec. 4 |
Phillip Neill Seibel |
OK |
restitution of $770,037 |
30-month sentence. |
DOJ.gov
The Edmond Sun
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| Dec. 4 |
William T. McMahan, Roger Ritch, Carrie Snow, Jonathan Henderson, Bradley Aydelott |
TN |
restitution of $2,400,000 |
6.5-year sentence. |
Times-Gazette |
| Dec. 3 |
Lloyd Claerhout, Scott J. Schirmer, William F. Wonder III, David E. Twitty, Cameron D. Bennett, Jennifer Hernandez, Katherine S. Sartain |
MO |
house valued at $605,000 |
Indictment. |
Infozine.com
KansasCity.com
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| Dec. 2 |
Ethan Ellner, Donald MacPherson, Dustin Dente, Brandon Lisi |
NY |
$82,000,000 |
Guilty plea by lawyer. |
27east.com |
| Dec. 2 |
Christopher Hernandez, Clayton John |
FL |
$794,000 |
Deputy among 2 indicted. |
ABC-7.com |
| Dec. 2 |
Michael Milan |
MD |
losses up to $7,000,000 |
Guilty plea by Iran fugitive. |
FBI.gov
DSNews.com
WashingtonExaminer.com
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| Dec. 2 |
Ethan Ellner |
NY |
millions |
Guilty plea. |
Empire State News
Long Island Press
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| Nov. 30 |
Terry Tucker, Sonya aka Cheri Tucker |
CA |
mulitple transactions |
10-year prison sentences. |
Ventura County Star |
| 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 |
archived case entries back to 2005
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