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Week Ending December 21, 2012

Mortgage Fraud News

Case Activity

Prison for Las Vegas Realtor in $10 Million Mortgage Fraud Case
Dec. 20 -- A Las Vegas real estate agent who took part in a mortgage fraud scheme that netted more than $10 million in fraudulent home loans was sentenced Wednesday by a federal judge to serve more than five years in prison.
read full story at Mortgage Daily

Former Mortgage Firm President Headed for Prison
Dec. 18 -- A Kansas federal judge sentenced an Overland Park, Kan., man to two years in prison Monday for his role in a mortgage fraud scheme.
read full story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
Dec. 21 Daniel Morar AZ $6,500,000 in losses Arraigned. Department of Justice
Dec. 21 Kimberly Eileen McMillian (aka Kimberly Simmons and Kimberly Simmons McMillian), Olutoyin Oladosu (aka Tony Oladosu), Glenroy Emanuel Day, Sr. MD $1,094,000 Indicted. Department of Justice
Dec. 21 Gregory Lashon Thomas, Aja D. Crawford (aka Aja Abercrombie), Ernest Ohenekitiwa McMillan TX $2,094,000 in restitution Thomas sentenced to 189 months. Department of Justice
Dec. 20 Marc D. Foley MA $4,900,000 Sentenced to 72 months. Department of Justice
Dec. 20 Teresa Rose CA $5,000,000 in losses Hearing rescheduled for May 20.
Dec. 19 Chekeelah Phelps TX $13,000,000 Prosecutors challenged motion to place Phelps on shock probation.
Dec. 19 Ethan Ellner NY $82,000,000 Community service evaluation ordered.
Dec. 19 Shola Risikat Balogun MD $1,352,000 in losses Pleaded guilty. Department of Justice
Dec. 19 Linda Marie Kot, Hugo Coutelin, Jeff Thomas, Michael Perry NV $10,000,000 Kot sentenced to 70 months. Department of Justice
Dec. 18 Bonnie Kathleen Kreamer (aka "Bonnie Meehan"), Niesha Williams, Rhonda Scott, Emeka Udeze, Demetrius Peete, Gregory Green MD $4,500,000 Indicted. Department of Justice
Dec. 18 Mortgage FACS Corporation, Enlightened LLC IL Multiple properties Indicted. Department of Justice
Dec. 17 Joseph Aldridge, Alan Prince UT Multiple properties Aldridge pleaded guilty. Proficio Bank victim lender. Department of Justice
Dec. 17 Brian Armet, Rigoberto Hernandez, Julio Tamayo CA $2,400,000 in losses Sentences: Armet 1 year 1 day, Hernandex 8 months, Tamyo 6 months. Department of Justice
Dec. 17 James June MA $75,000,000 Sentenced to 81 months. Department of Justice
Dec. 17 Brian D. Jaimes, Paul Hartfield KS $1,000,000 Jaimes sentenced to 24 months. Department of Justice

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