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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
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Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud News
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Case Activity
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$2.5 Million Minneapolis Condo Case Yields 3rd Prison Sentence
Feb. 01 -- A Bloomington man was sentenced Tuesday to 50 months in prison for his role in a $2.5 million mortgage fraud involving the sale of condominiums in the Sexton Lofts building in Minneapolis.
Gerald James Greenfield, 66, was also fined $10,000 for one count of conspiracy to commit money laundering and was ordered by U.S. District Judge Patrick Schiltz to forfeit assets valued at "hundreds of thousands of dollars," according to a news release issued by the U.S. attorney's office.
The seven-story converted commercial building is at 521 S. 7th St.
read story at MortgageDaily.com
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Famous Runner Requests New Mortgage Fraud Trial
Jan. 26 -- GREENSBORO, N.C. -- Charlie Engle, the local ultra marathon runner who beat drug addiction to become a world famous runner and subject of a noted documentary, is seeking a new trial to overturn his conviction of mortgage fraud.
read story at MortgageDaily.com
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HUD Releases Revised Regulation
Jan. 25 -- More than a year ago, a rule was proposed that would impact mortgagees on loans that are insured by the Federal Housing Administration. Among issues addressed by the proposed rule were indemnification requirements and mortgagee termination. A final rule addresses some of the concerns that have since been raised including indemnification on loans with mortgage fraud.
read story at MortgageDaily.com
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6 Indicted Over NC Builder Kickbacks
Jan. 25 -- Federal prosecutors have filed charges against six Charlotte, N.C.-area defendants over mortgage fraud-related offenses and a "builder kickback" scheme, the latest fallout from the housing market bust.
read story at MortgageDaily.com
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R.I Broker Handed Down 30-Month Sentence
Jan. 25 -- A Rhode Island mortgage broker who helped the leader of a New London-based home-purchasing scheme collect millions of dollars in fraudulent loan money will spend up to two and a half years in federal prison, U.S. Attorney David B. Fein announced Monday.
read story at MortgageDaily.com
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Tampa Trio Convicted in Florida Fraud Scheme
Jan. 25 -- TAMPA, Fla. -- The heads of a local mortgage company have been convicted of leading a mortgage fraud scheme against 10 lenders.
read story at MortgageDaily.com
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Reverse Mortgage Fraud Nets 70-Month Sentence
Jan. 25 -- A Delray Beach, Fla., loan officer was ordered to pay more than $2 million in restitution Friday for his role in a nationwide $2.5 million reverse mortgage fraud scheme.
read story at MortgageDaily.com
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Ohio Mortgage Brokers Plead Guilty in $15 Million Case
Jan. 23 -- Two Pickerington, Ohio, men have pleaded guilty in federal court to $15 million in mortgage fraud, the U.S. Department of Justice announced today.
read story at MortgageDaily.com
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Oregon Developer Deceived Banks and Employees
Jan. 23 -- Tyler Fitzsimons, the man at the center of one of the biggest financial frauds to emerge in Oregon during the great housing boom, has opted to change his plea to guilty in the ongoing criminal case.
read story at MortgageDaily.com
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Indicted Alaska Condo King Sued Over $16 Million in Delinquent Loans
Jan. 23 -- Four years after his financial world began collapsing, Anchorage condo king Lee Baker Jr. has been indicted by a federal grand jury on charges that he lied and cheated on federal credit union loans connected with his construction projects, the U.S. Attorney's Office announced Friday.
read story at MortgageDaily.com
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| Feb. 1 |
James D. Levitt |
RI |
$1,100,000 |
Guilty plea. Sentencing set for 4/19/12. |
Department of Justice |
| Jan. 31 |
Gerald James Greenfield, Nicholas Ryan Delon Smith |
MN |
$2,500,000 |
Greenfield sentenced to 50 months prison and fined $10,000. Smith previously sentenced |
Department of Justice |
| Jan. 30 |
Marlon Baugh |
FL |
Multiple properties |
Sentenced to 12 months and 1 day prison. |
Department of Justice |
| Jan. 30 |
William Troy Goings |
MO |
$8,587,893 |
Pleaded guilty. |
Department of Justice |
| Jan. 30 |
Robinson Dinh Nguyen, David Marshall Crisp, Carlyle Lee Cole, Julie Dianne Farmer, Sneha Ramesh Mohammadi, Jayson Peter Costa, Jeriel Salinas, Michael Angelo Munoz, Jennifer Anne Crisp, Caleb Lee Cole |
CA |
Multiple properties |
Nguyen sentenced to 27 months prison and $433,000 in restitution. Other defendants await trial on 2/27/12. |
Department of Justice |
| Jan. 30 |
Rodger A. Gulledge, Gerri J. Liles, Melissa Gulledge, Lance A. Collins |
AL |
Multi-million dollar scheme |
Rodger Gulledge sentenced to 22 months prison and $738,852.89 in restitution. Liles previously sentenced to 5 years probation and $2.04 million restitution. Collins and Melissa Gulledge await sentencing. |
Al.com |
| Jan. 27 |
Akinola George |
DC |
$2,400,000 |
Sentenced to 40 months prison plus $2,021,346 restitution. |
Department of Justice |
| Jan. 27 |
Randall B. Causey (7 total) |
IN |
$650,000 |
Convicted. |
SunTimes.com |
| Jan. 27 |
Donna Harris (aka Donna Meade), Gary Atkinson |
IN |
$1,300,000 |
Entered "not guilty" pleas. |
NwiTimes.com |
| Jan. 27 |
Andrey Kim, Sultanmurod Rashidov |
CA |
$180,000 |
Indicted. |
Department of Justice |
archived case entries back to 2005
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