real estate fraud: Cleveland Man Indicted on Fraud - $1.2 Million Purchase of Home - 04/09/15 11:34 AM
Cleveland Man Indicted on Fraud Charges Related to $1.2 Million Purchase of Richfield Home
A Cleveland man was indicted on bank fraud charges related to the fraudulent purchase of a Richfield home for nearly $1.2 million, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio.
Damone Tyson, 49,
was indicted on one count of conspiracy to commit bank fraud and one count of bank fraud. His actions resulted in a $631,854 loss to IndyMac Bank, according to the indictment.
Tyson served as president an agent for a consulting company known as Athletes & Entertainers, Inc. … (5 comments)

real estate fraud: Six Individuals Indicted in Mortgage Fraud Scheme - 04/09/15 11:30 AM
Six Individuals Indicted in Mortgage Fraud Scheme
Six individuals, from Miami and Brazil, were indicted for participating in a mortgage fraud conspiracy.
Wifredo A. Ferrer, U.S. Attorney for the Southern District of Florida, and George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, made the announcement.
 
Raul Enrique Quintana,
48, of Miami,
 
Maura Barbosa Lopes, a/k/a “Maura Quintana,”
55, of Brazil,
 
Arnaldo Almeida Prado Neto,
33, of Brazil,
 
Evelyn Lara,
47, of Miami,
 
Luis Enrique Sosa,
43, of Miami, and
(0 comments)

real estate fraud: Wentzville Man Sentenced on Fraud Conspiracy Charges - 04/08/15 12:42 AM
Wentzville Man Sentenced on Fraud Conspiracy Charges
ST. LOUIS, MO—
JOHN YORK
was sentenced to 21 months in federal prison on charges of conspiracy to defraud the United States through his business, The Mortgage Store, Inc., in 2008.
According to court documents, York was a part owner of The Mortgage Store, Inc. (TMS) and the president of Title America. By 2008, TMS was a major mortgage brokering business with offices in four states and hundreds of employees. The main offices were in Westport Plaza and Wentzville. The businesses were operating at a financial deficit in 2008. TMS incurred over … (2 comments)

real estate fraud: Mortgage Fraud Blog Report for Wednesday April 8, 2015 - 04/08/15 12:34 AM
   Mortgage Fraud Blog sends me an update email once per week.  The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com.Copyright 2004-2014 Rachel M. Dollar … (2 comments)

real estate fraud: Real Estate Fraud Report - Hundreds of Cases & Lots of Swindlers - 04/04/15 11:28 AM
 
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(0 comments)

real estate fraud: Northern California Real Estate Investor Guilty of Bid Rigging & Fraud - 04/03/15 07:27 PM
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud Conspiracies at Public Foreclosure Auctions
A Northern California real estate investor has agreed to plead guilty for his role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against
Ramin Yeganeh
of San Mateo, California.
To date, 52 individuals have pleaded guilty or agreed to plead guilty to criminal charges … (6 comments)

real estate fraud: FEDERAL JURY ACQUITS TWO IN MORTGAGE FRAUD CASE - 04/03/15 07:11 PM
News Release -- March 28, 2015

                   FEDERAL JURY ACQUITS TWO IN MORTGAGE FRAUD CASE

An Eastern District of California federal jury in Sacramento, on Thursday, March 26, 2015, acquitted two defendants, Deborah Loudermilk and Buena Marshall, of mail fraud charges arising out of allegations of their having participated in a 2006 mortgage fraud scheme.

In the prosecution of the case, the government presented 26 witnesses and more than 300 exhibits. Unconvinced, the jury took slightly more than one day to acquit the defendants of all six of the charges against them.

Loudermilk was represented in the case by Summit Defense … (2 comments)

real estate fraud: Settlement Agent Guilty of Mortgage Fraud - 45 Properties and $16 Mil - 04/02/15 08:11 AM
Settlement Agent Found Guilty of Federal Charges in Multi-Million-Dollar Mortgage Fraud Scheme
Scam Involved 45 Properties and $16 Million in Mortgage Loans WASHINGTON—
Edward Dacy,
76, most recently of West Melbourne, Fla., has been found guilty by a jury of 10 counts of conspiracy, bank fraud, and mail fraud stemming from a multi-million-dollar mortgage fraud scheme involving 45 properties and $16 million in mortgage loans used for the purchase of residential real estate in the District of Columbia and Maryland.
The verdict, returned March 25, 2015, was announced by Acting U.S. Attorney Vincent H. … (8 comments)

real estate fraud: Inspector Admits Conspiring to Rig Contractor Selection Process - 04/01/15 09:57 AM
Union City, New Jersey Inspector Admits Conspiring to Rig Contractor Selection Process for Community Development Projects
NEWARK, NJ—An inspector at the Union City Community Development Agency (UCCDA) today admitted conspiring with contractors to rig the selection process for home improvement, sidewalk replacement and other projects, causing losses of at least $400,000, U.S. Attorney Paul J. Fishman announced.
Johnny Garces,
52, of Union City, New Jersey, pleaded guilty before U.S. District Judge William H. Walls in Newark federal court to an information charging him with one count of conspiring with others to obtain by … (2 comments)

real estate fraud: Modesto Man Pleads Guilty to Defrauding Real Estate Investors - 04/01/15 09:50 AM
Modesto Man Pleads Guilty to Defrauding Real Estate Investors
FRESNO, CA—
Xue Heu,
38, of Modesto, pleaded guilty today to two counts of wire fraud in connection with a fraudulent real estate investment scheme, United States Attorney Benjamin B. Wagner announced.
According to court documents, between August 2007 and October 2013, Heu solicited individuals to invest in real estate businesses that purchased and sold real estate.
Heu claimed to be an officer of Liquid Assets & Land Investments Inc. and Capital Land Investments LLC. In furtherance of the scheme and to persuade the … (0 comments)

real estate fraud: Former Florida REALTOR Indicted on Conspiracy and Bank Fraud Charges - 03/27/15 04:02 PM
Former Florida Realtor Indicted on Conspiracy and Bank Fraud Charges
TAMPA, FL—United States Attorney A. Lee Bentley, III announces the unsealing of an indictment charging
Joseph Pasquale
(38, Worcester, MA) with one count of mortgage fraud conspiracy involving bank fraud and two counts of bank fraud. He faces a maximum penalty of 30 years’ imprisonment for each count. The indictment also notifies Pasquale that the United States is seeking a money judgment for the proceeds of the mortgage fraud conspiracy.
According to the indictment and court proceedings, in 2005, entities controlled by co-conspirators … (6 comments)

real estate fraud: Former Manager of Federal Credit Union Pleads Guilty to Embezzlement - 03/25/15 11:25 AM
Former Manager of Federal Credit Union Pleads Guilty to Embezzlement
Claudia Rawes Admits to Stealing from Centra Health Credit Union LYNCHBURG, VA—The former manager of a local, federal credit union pled guilty today in the United States District Court for the Western District of Virginia in Lynchburg to embezzlement charges.
Claudia Rawes, 61, of Forest, Va., waived her right to be indicted and pled guilty today to one-count Information charging her with theft and embezzlement from a Federal Credit Union.
According to information presented at today’s guilty plea hearing by Assistant United States Attorney Daniel … (4 comments)

real estate fraud: Former North Miami Mayor Sentenced in Mortgage Fraud Scheme - 03/25/15 11:19 AM
Former North Miami Mayor Sentenced in Multi- Million-Dollar Mortgage Fraud Scheme
Former North Miami Mayor was sentenced by United States District Judge Robert N. Scola for her participation in a multi-million dollar mortgage fraud scheme.
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, and Drew J. Breakspear, Commissioner, Florida Office of Financial Regulation, made the announcement.
Following a federal jury trial, Marie Lucie Tondreau, a/k/a “Lucie Tondreau,” 54, of North Miami, was convicted of one … (0 comments)

real estate fraud: Former Head Teller at Credit Union Sentenced - 03/25/15 11:16 AM
Former Head Teller at Lynrocten Credit Union Sentenced
Teresa Wieringo Humphries Previously Admitted to Embezzlement Scheme LYNCHBURG, VA—The former head teller of the Lynrocten Credit Union in Lynchburg was sentenced today in the United States District Court for the Western District of Virginia in Lynchburg on federal embezzlement charges.
Teresa Wieringo Humphries, 60, of Madison Heights, Va., previously waived her right to be indicted and pled guilty a one-count Information charging her with embezzlement from a Federal Credit Union. Today in District Court, Humphries was sentenced to 40 months of federal incarceration.
According to evidence … (0 comments)

real estate fraud: Man Indicted for Defrauding Now-Defunct Credit Union of $436,000 - 03/25/15 11:12 AM
Lyndhurst Man Indicted for Defrauding Now-Defunct Credit Union of $436,000
A Lyndhurst man was indicted for defrauding a now-defunct credit union out of more than $436,000, said Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio, and Stephen D. Anthony, Special Agent in Charge of the Cleveland Office of the Federal Bureau of Investigation.
Andrew Belzinskas, 45, was indicted on one count of conspiracy to commit bank fraud and one count of bank fraud.
Belzinskas worked full time at Taupa Lithuanian Credit Union in various capacities from 1991 through 2004, and continued … (0 comments)

real estate fraud: Florida Man Indicted in $4 Million Escrow Fraud Scheme - 03/25/15 11:08 AM
Florida Man Indicted in $4 Million Escrow Fraud Scheme
ALEXANDRIA, VA—A Florida man who allegedly stole $4 million in borrowers’ funds and lied to federal law enforcement agents was indicted today by a federal grand jury on charges of wire fraud, money laundering, and false statements.
George Kalivretenos, 58, of Miami Beach, Florida, faces a maximum penalty of 20 years in prison on the wire fraud count, 10 years in prison on each money laundering count, and five years in prison on each false statement count. The maximum statutory sentence is prescribed by Congress … (2 comments)

real estate fraud: Mortgage Fraud Blog for Wednesday March 25, 2015 - 03/24/15 11:21 PM
      Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (6 comments)

real estate fraud: Former Treasurer/Tax Collector Sentenced to 24 Months for Embezzlement - 03/23/15 09:56 AM
Former Lafayette County Treasurer/Tax Collector Sentenced to 24 Months for Embezzlement of Public Funds
TEXARKANA, AR—Conner Eldridge, United States Attorney for the Western District of Arkansas, announced that
Keesha Rose,
age 37, of Lewisville, Arkansas, was sentenced today to 24 months in prison followed by three years of supervised release on one count of Theft Concerning Programs Receiving Federal Funds. Rose served as the County Treasurer and Tax Collector for Lafayette County. She was also ordered to pay restitution in the amount of $282,036.97. The Honorable Harry F. Barnes presided over the sentencing … (10 comments)

real estate fraud: Former Housing Authority Project Director Guilty to Theft of Funds - 03/23/15 09:50 AM
Former Bradenton Housing Authority Project Director Pleads Guilty to Theft of Government Funds
TAMPA, FL—United States Attorney A. Lee Bentley, III announces that
Stephany West
(51, Bradenton) today pleaded guilty to theft of federal funds. She faces a maximum penalty of 10 years in federal prison. A sentencing date has not yet been set.
According to the plea agreement, from June 2, 2008, until September 19, 2013, West, a/k/a “Stephany Shaw,” was employed as the Project Director of the Bradenton Housing Authority (“BHA”). The BHA is a local housing authority agency of the … (0 comments)

real estate fraud: Mortgage Fraud Blog Thursday March 19, 2015 - 03/19/15 06:52 PM
      Mortgage Fraud Blog sends me an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (8 comments)

 
Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher. Nothing will be published that has not been verified via the public record or consent provided.The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component. Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component. Please see the Department of Justice Legal Policies at:http://www.justice.gov/legalpoliciesPlease contact David with any questions.
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