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Mortgage Fraud Archives
Week Ending Dec. 11, 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. 11 |
James William Fox II, James Hooper Dan |
MD |
forefeiture of total loss of $2,350,000 |
Indictments. |
The Capital |
| Dec. 11 |
Mark M. Benun |
NY |
$5,900,000 |
Guilty plea. |
North County Gazette |
| Dec. 11 |
Clarista Bramble |
MA |
na |
Former Bank of America employee pleads guilty. |
The Patriot Ledger
Wicked Local
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| Dec. 10 |
Shawpin Jong a/k/a/ Steve Chung, ATT Mortgage Co. |
MD |
11 transactions |
Licenses suspended over fraud allegations. |
FraudBlogger.com |
| Dec. 10 |
Carla Wilson, John Bell |
MS |
na |
Former mortgage broker gets 100-month sentence. |
WLBT |
| Dec. 10 |
David Ramnauth, Peggy Persaud, Orette Killikelly, George Esso, Cheddi goberdhan, Ravi Persaud, GuyAmerican Funding Corp. |
NY |
$23,000,000 |
Mortgage broker surrendures. |
New York RealEstateRama
Courthouse News
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| Dec. 10 |
Julian Hickman, Edward McGhee, Kenneth McGhee. Robert Mitchell, Karnal Gregory |
OH |
210 properties |
33-month sentence. |
WHIO
WDTN
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| Dec. 10 |
Lisa Torres |
RH |
$1,760,000 |
46-month sentence. |
Providence Journal |
| Dec. 9 |
Don Stapley |
AZ |
multiple transactions |
County supervisors indicted. |
The Associated Press |
| Dec. 9 |
Zack Zafer Dyab, Julia Alexander Rozhansky |
MN |
35 properties with losses exceeding $2,500,000 |
Indictments. |
Minnesota Public Radio
Sun Newspapers
Star Tribune
Minnesota RealEstateRama
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| Dec. 9 |
Jeffrey Michael Taylor |
MN |
$588,200 |
Guilty plea. |
Minnesota Public Radio
Star Tribune
Pioneer Press
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| Dec. 9 |
Lisa Torres |
RI |
$1,700,000 |
4-year sentence. |
Associated Press |
| Dec. 9 |
Roger Ritch, William T. McMahan, |
TN |
home prices valued at $30,000,000 |
6.5 year sentence. |
Marshall Tribune |
| Dec. 9 |
Robert Corp |
NY |
hospital |
HUD settlement. |
MortgageDaily.com |
| Dec. 8 |
Edward McCusker, John Alford Bariana, Axxium Mortgage Inc., Jacqueline McCusker, Jeffrey Bennett, Stephen Doherty |
PA |
$14,600,000 |
Indictments. |
Dow Jones Newswires
ABAJournal.com
Bucks County Courier Times
Courier Post
Philadelphia Business Journal
NJ.com
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| Dec. 8 |
Darnell Mason, Justin Zhu, Juan Solis, Diego Rodriguez, Eli Mendiola, Jimmy Elizondo |
TX |
$1,900,000 |
Indictments. |
Express-News |
| Dec. 8 |
Anthony "Tony" Ianne, John Valle, Brianna Valle, Sheldon Carlisle |
CO |
na |
Indictment. |
The Pueblo Chieftain |
| Dec. 7 |
Nelson Mil |
AR |
na |
Request to extend prison sentence denied. |
The Associated Press |
| Dec. 7 |
Dustin LaFavre |
MN |
$17,000,000 |
Guilty plea. |
Minnesota Public Radio
Star Tribune
Associated Press
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| Dec. 7 |
Nelson Miller, Freedom Financial |
AR |
$3,800,000,000 |
Hearing for longer sentence denied. |
Associate Press
Courthouse News
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| Dec. 7 |
Lee Howlett |
OR |
14 fales apps |
3.5 year sentence. |
RealEstateChannel.com |
| Dec. 7 |
Michael McAuley |
OH |
wire transers of $663,085 |
Guilty plea. |
Business First of Columbus
NBC4i.com
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| Dec. 5 |
Patrick Hlavaty, Michael Paul, Jeff Strnadel, Mark Waldron, Blake Waldron, Marshall Waldron, Waldron Development Company Inc. |
TX |
multiple misdeeds |
Allegations denied by former employees of Commercial State bank. |
Leader-news.com |
| Dec. 5 |
Dwight Jenkins, Eric J. Archambault |
MA |
profits of $1,000,000 |
Indictment. |
Boston Herald
Boston Business Journal
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| Dec. 4 |
Thuan Nhan Du, Cindi Gayle Kelly, Maurice McLeod, Hendrix Montecastro, Charlie Sung, Helen Moreno Pedrino |
CA |
$142,000,000 |
Bail sharply reduced. |
The Press-Enterprise |
| 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 |
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