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Mortgage Fraud Archives
Week Ending Dec. 18, 2009
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Mortgage Fraud News
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Case Activity
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Dec. 16, 2009
Credit Union Sues For Fraud Coverage
Educational Systems Federal Credit Union filed a lawsuit in U.S. District Court for the District of Maryland to determine that fraud losses it suffered were covered by a CUNA Mutual bond.
read story at Credit Union Times
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Dec. 15, 2009
Foreclosure Scams Use Mortgage Fraud
In a typical foreclosure rescue scheme, delinquent borrowers are advised to convey title to an investor located by the foreclosure rescue firm. But instead of rescuing the borrowers, the firms line up fake borrowers with fraudulent documentation and extract all available equity -- leaving the borrowers still facing foreclosure. A federal and state initiative has been launched to stop such schemes.
read story at MortgageDaily.com
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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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| Date |
Defendants |
State |
Amount |
Overview |
News
Publication |
| Dec. 17 |
Alex Z. Biscocho |
OR |
$475,000 |
Indictment. |
The Oregonian |
| Dec. 17 |
Fredereick Ugwu, Amer Mir |
NJ |
millions of dollars |
Conviction. |
The Star-Ledger
Associated Press
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| Dec. 17 |
Angelo Williams, Teresa Wilson |
MI |
multiple transactions |
Guilty verdict. |
Mlive.com |
| Dec. 17 |
Charles E. Walker, Linda F. Walker, Lee Edward Walker, Frankie R. Powell, Juan A. Johnson, Charles V. Pursley, James H. Powell, also known as “Jimmy,” William Wagoner, Steve Casarez Jr., Vincent Cantrell, Eddie Lee Rohrs, Christopher Forrester, Robert C. Barnica, Jess Kevin Cypret, Linda D. Hanks, Tammy R. Fedel, Laura Greer |
MO |
$10,944,023 |
Indictments. |
News-Leader
OzarkFirst.com
Infozine.com
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| Dec. 17 |
Janet Salazar, aka Yanet Salazar, Elba Garcia, Olga Espinal |
NY |
1 transaction. |
Conviction. |
zwire.com |
| Dec. 16 |
Lucette Montane |
CA |
$16,000,000 |
Fugitive surrenders. |
www.signonsandiego.com
San Diego Business Journal
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| Dec. 16 |
Carolyn Ashford, Bruce Ashford |
MS |
$500,000 |
Indictments. |
WAPT |
| Dec. 16 |
Martin Gendel, Seth Gendel |
NJ |
$4,500,000 |
Indictment. |
Daily Record |
| Dec. 16 |
Roy Fife |
AZ |
$2.8 million in restitution |
Guilty plea. |
Arizona Daily Star |
| Dec. 15 |
Felix Pichardo |
PA |
$777,000 |
8-year sentence. |
LawFuel.com |
| Dec. 15 |
David Ramnauth, Peggy Persaud, Orette Killikelly, George Esso, Elton Lord, Rafic Baksh, Mahamood Hussain, Cheddi Goberdhan, Ravi Persaud |
NY |
$23,000,000 |
Surrendur of GuyAmerican Funding owner. |
LawFuel.com |
| Dec. 15 |
Asha Ritchards |
PA |
1 transaction. |
County investigator pleads guilty. |
Philadelphia Inquirer |
| Dec. 15 |
Michael Cassadei |
NY |
$200,000 |
Appraisal firm owner charged. |
Time Union
New York RealEstateRama
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| Dec. 15 |
Anthony "Tony" Ianne |
CO |
72 counts. |
Court appearance. |
THE PUEBLO CHIEFTAIN |
| Dec. 15 |
William Roosevelt Cloud, Juderita Russell |
NC |
$19 million in losses |
27-year sentence. |
Charlotte Observer |
| Dec. 14 |
Cuc Huong Doan, Trieu Thi Nguyen, Nafees Ahmad Quidwai, Sabiha Quidwai, Mailan Thu Tran |
CA |
$3,600,000 |
Charges filed. |
Freedom Blogging
OCWeekly
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| Dec. 12 |
Richard J. Thomas, |
PA |
$961,000 |
3-year sentence. |
TRIBUNE-REVIEW |
| Dec. 12 |
Tari Brandon, and Calvin Gribble |
NV |
multiple transactions |
Indictments. |
Las Vegas Review-Journal |
| Dec. 11 |
James William Fox II, James Hooper Dan |
MD |
forefeiture of total loss of $2,350,000 |
Indictments. |
The Capital
hometownannapolis.com
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| 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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