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

Mortgage Fraud Archives

Week Ending Dec. 11, 2009


Mortgage Fraud News

Case Activity

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
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

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
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
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
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
Date Defendants State Amount Overview News
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

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

Dec. 10 Julian Hickman, Edward McGhee, Kenneth McGhee. Robert Mitchell, Karnal Gregory OH 210 properties 33-month sentence. WHIO


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

Dec. 9 Jeffrey Michael Taylor MN $588,200 Guilty plea. Minnesota Public Radio

Star Tribune

Pioneer Press

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


Bucks County Courier Times

Courier Post

Philadelphia Business Journal


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

Dec. 7 Nelson Miller, Freedom Financial AR $3,800,000,000 Hearing for longer sentence denied. Associate Press

Courthouse News

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


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

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

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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