| |
|
|
|
|
Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
|
|
| |
|
| |
February 26, 2009
Stolen identities and false information were used to help three individuals run a multimillion-dollar mortgage scheme over a four year period. The trio racked up about $2.6 million worth of illegally obtained mortgage loans.
William Montelle Loyd III, 56, was sentenced to 84 months in prison for his participation in the scheme. He also faces three years of supervised release and restitution in the amount of $1.26 million. His cohorts, Kelley Anne Spaulding and Elizabeth Whitaker Clement both pleaded guilty in the case last year.
The loans, funded by E-Loan, included those fraudulently submitted in Loyd's father's and brother's names without their knowledge.
Pre-trial hearing is set for March 10.
Read story at Triangle Business Journal
|
|
|
