| |
|
|
|
|
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. |
|
|
| |
|
| |
March 24, 2009
A 51-year-old man was sentenced 15 months in prison for assisting in a $12 million mortgage fraud scheme.
Joseph Balano pleaded guilty to helping co-defendant David Kostelec and others secure mortgage loans with fraudulent loan applications and inflated property appraisals. Kostelec was sentenced to almost 13 years in prison after pleading guilty.
Others named in the scheme include: Alexandra Davidson, Craig Long and Gregory Stevenson. The trio have pleaded guilty and are awaiting sentencing.
Balano was also ordered to pay almost $500,000 in restitution.
Read story at Infozine.com
|
|
|
