real estate fraud: Woman Sentenced for Real Estate Loan Scam - 12/18/14 12:47 PM
Billerica Woman Sentenced for Loan Scam
BOSTON—A Billerica woman was sentenced yesterday for wire fraud charges in connection with a bogus bank guaranty program.
Diane Glatfelter,
48, was sentenced by U.S. District Judge Douglas P. Woodlock to 30 months in prison, three years of supervised release, and ordered to pay $1,575,000 in restitution. In September 2014, Glatfelter was found guilty following a five-day jury trial of four counts of wire fraud.
In 2007 and 2008, Glatfelter engaged in a scheme to defraud a young real estate businessman from California who was seeking funding for a development project.
Glatfelter … (4 comments)

real estate fraud: Former Collateralized Mortgage Obligations Bond Trader Sentenced - 12/17/14 08:55 AM
Former Collateralized Mortgage Obligations Bond Trader Sentenced in Multi-Million-Dollar Securities Fraud Scheme
TRENTON, NJ—A former collateralized mortgage obligation (CMO) bond trader was sentenced today to 30 months in prison for engaging in a fraudulent trading scheme in which he manipulated the prices of CMOs by millions of dollars over a period of four years, U.S. Attorney Paul J. Fishman announced.
Douglas Green,
50, of Boca Raton, Florida, previously pleaded guilty before U.S. District Judge Freda L. Wolfson to one count of securities fraud. Judge Wolfson imposed the sentence today in Trenton federal court.
According to documents filed in this … (0 comments)

real estate fraud: Mortgage Fraud Blog for December 16, 2014 - 12/16/14 09:34 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 … (0 comments)

real estate fraud: Convicted Ponzi Schemer Weinstein Gets Additional 24 Months in Prison - 12/16/14 08:43 AM
Convicted Ponzi Schemer Eliyahu Weinstein Sentenced to Additional 24 Months in Prison on New Fraud and Money Laundering Charges
Already Serving 22 Years for Previous Fraud Scheme TRENTON, NJ—A man already serving 22 years in prison for a real estate Ponzi scheme was sentenced today to an additional 24 months in prison for defrauding investors in connection with the Facebook IPO and several additional real estate deals and laundering the proceeds of the scheme, U.S. Attorney Paul J. Fishman announced.
Eliyahu Weinstein,
39, of Lakewood, New Jersey, was previously sentenced to 22 years in prison for running a real estate … (7 comments)

real estate fraud: Controller for The Mortgage Store Pleads Guilty to Bank Fraud - 12/12/14 07:55 AM
  St. Peters Man Pleads Guilty to Bank Fraud
   
ST. LOUIS, MO—
Mark Avalos
pled guilty to bank fraud charges relating to his work as the Controller for The Mortgage Store, Inc. (TMS), in 2008.
According to court documents, 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.
There were not sufficient funds available to fund the disbursements from TMS and, in addition, to meet all of the expenses incurred … (10 comments)

real estate fraud: Ex CFO/Senior VP of Paric Construciton Indicted on Fraud Charges - 12/11/14 10:25 AM
Former Chief Financial Officer/Senior Vice President of Paric Construciton Indicted on Fraud Charges
ST. LOUIS, MO—
Brian Paluch,
former Chief Financial Officer & Senior Vice President of PARIC Construction was indicted on three charges of mail fraud involving his scheme to use the company’s corporate funds to pay his own personal expenses during the period January, 2010 through February, 2014.
According to the indictment, Paluch used the PARIC issued American Express card to pay for personal expenses, including personal travel, dining, spa charges, electronics and personal gifts for family and friends.
In order to conceal his scheme, Paluch submitted … (0 comments)

real estate fraud: Contractor Admits Conspiring to Rig Selection Process - 12/10/14 10:55 PM
Contractor Admits Conspiring to Rig Selection Process for Union City Community Development Agency Projects
NEWARK, NJ—A Union City contractor today admitted conspiring to rig the contractor selection process for projects run by the Union City Community Development Agency (UCCDA), causing losses of at least $70,000, U.S. Attorney Paul J. Fishman announced.
Joseph Lado,
66, of Fort Lee, New Jersey, pleaded guilty to an information charging him with one count of conspiring with agents of the UCCDA and a Jersey City, New Jersey, contractor to obtain money from the agency by fraud.
Lado entered his guilty plea before U.S. District … (0 comments)

real estate fraud: Real Estate Fraud Report for Thursday December 11, 2014 - 12/10/14 10:45 PM
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real estate fraud: Mortgage Fraud Blog for December 11, 2014 - 12/10/14 10:42 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 … (0 comments)

real estate fraud: Man Sentenced to Prison for Role in Real Estate Investment Scheme - 12/09/14 02:56 PM
Ocean County Man Sentenced to One Year in Prison for His Role in Multi-Million-Dollar Real Estate Investment Scheme
TRENTON, NJ—A Lakewood, New Jersey, man was sentenced today to one year and one day in prison for his part in a real estate investment fraud scheme that defrauded investors of more than $1 million, U.S. Attorney Paul J. Fishman announced.
Alex Schleider,
49, previously pleaded guilty before U.S. District Judge Joel A. Pisano to an information charging him with one count of wire fraud. Judge Pisano imposed the sentence today in Trenton federal court.
According to documents filed in this … (6 comments)

real estate fraud: Bank Officials Plead Guilty To Concealing Loan Delinquencies - 12/09/14 02:52 PM
Two Former Will County Bank Officials Plead Guilty To Concealing Loan Delinquencies of Two Customers
CHICAGO—A former officer and a former director of a bank in Will County have pleaded guilty to federal charges for fraudulently creating false reports that made it appear that the bank’s loan portfolio was in better shape than it actually was. The defendants together concealed delinquent loan payments on behalf of two customers whose multiple loans totaled approximately $2.8 million, and together caused the bank to lose more than $1.1 million, according to their guilty pleas that were announced today by federal law enforcement officials.
(0 comments)

real estate fraud: CPA Charged with Defrauding Religious Center of More Than $4 Million - 12/05/14 12:28 PM
California CPA Charged with Defrauding New Jersey Religious Center of More Than $4 Million
NEWARK, NJ—A California CPA who allegedly stole more than $4 million from a worship center in New Jersey, is scheduled to have his initial New Jersey court appearance on Dec. 8, 2015, U.S. Attorney Paul Fishman announced.
Donald Gridiron,
50, is charged by complaint with one count of wire fraud. He was arrested in California Dec. 2, 2014, by FBI agents and released on bail after appearing in court there.
According to the complaint:
The worship center, a religious facility located in New Jersey, hired … (0 comments)

real estate fraud: KC Business Owners Sentenced in $1 Mil Fraud Scheme of Debt-Stressed - 12/05/14 12:22 PM
Kansas City Business Owners Sentenced in $1 Million Fraud Scheme of Debt-Stressed Clients
KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that the husband and wife owners and operators of a Kansas City, Mo., firm that promised to help financially-strapped clients get out of debt were sentenced in federal court today for defrauding 81 clients and the government of more than $1 million.
John Lee Norris, 43, and
Julie Tina Hatcher, 39,
both of Kansas City, Mo., were each sentenced by U.S. District Judge Brian C. Wimes to
 
nine years in … (2 comments)

real estate fraud: Army Reservist Indicted for Fraud Involving Housing Payments - 12/05/14 12:07 AM
Arrest of Luis Ramon Casellas, Army Reserve Staff Sergeant, Indicted for Bulk Cash Smuggling, Smuggling of Stolen Military Equipment, and Wrongfully Obtaining Overseas Housing Allowance Payments
Special Agent in Charge Carlos Cases of the Federal Bureau of Investigation (FBI) San Juan Division, announced the arrest of
Luis Ramon Casellas
conducted on December 4, 2014.
Army Reservist Staff Sergeant Luis Ramon Casellas, based at Fort Buchanan in Guaynabo, Puerto Rico, has been indicted by a federal grand jury in the District of Puerto Rico for illegally smuggling from Afghanistan into the U.S. $113,750 in cash and approximately $6,300 in stolen … (4 comments)

real estate fraud: Real Estate Fraud Report for December 3, 2014 - 12/03/14 05:34 PM
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real estate fraud: County Assessor Guilty of Federal Banking Law Violation - 12/03/14 05:10 PM
Former Logan County Assessor Pleads Guilty to Federal Banking Law Violation
CHARLESTON, WV—United States Attorney Booth Goodwin announced that
 
Russell R. Grimmett,
 
also known as Rick Grimmett,
 
51, of Man, West Virginia, pled guilty today to violating federal banking laws.
Grimmett is the former Logan County Assessor.
Banks are required by federal law to report all cash transactions in excess of $10,000. Grimmett admitted that he and an associate withdrew cash from the Logan Bank and Trust in Man, West Virginia in amounts less than $10,000 to prevent triggering the reporting requirement.
This practice, known … (4 comments)

real estate fraud: Attorney Charged with Defrauding Financial Institutions and Clients - 12/03/14 04:49 PM
Milwaukee-Area Attorney Charged in Federal Court with Defrauding Financial Institutions and Clients, Money Laundering, and Filing a False Tax Return
United States Attorney James L. Santelle for the Eastern District of Wisconsin announced that, yesterday, a federal grand jury returned a 33-count indictment charging
 
Sarah E.K. Laux
 
a/k/a “Sarah Kitzke”
 
(age 35) of Mequon, Wisconsin, with two counts of bank fraud, nine counts of wire fraud, one count of mail fraud, 20 counts of money laundering, and one count of filing a false tax return. If convicted of bank fraud, Laux faces a maximum penalty … (2 comments)

real estate fraud: Physician-Businessman Sentenced to 108 Months for Mortgage Loan Fraud - 12/03/14 09:34 AM
Physician-Businessman Sentenced to 108 Months for Mortgage Loan Fraud
NORFOLK, VA—
Irfan M. Jameel,
52, of Virginia Beach, Va., was sentenced today to 108 months in prison, followed by five years of supervised release, for committing wire fraud, bank fraud, and using of a false social security number.
Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, and Special Agent in Charge Royce E. Curtin of the FBI’s Norfolk Field Office, made the announcement after Jameel’s sentencing before Senior United States District Judge Henry Coke Morgan, Jr.
Jameel was indicted on July 25, 2013 by a federal … (0 comments)

real estate fraud: California Real Estate Investor Guilty of Bid Rigging and Fraud - 12/03/14 09:30 AM
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 50 Plea Agreements and 16 Indicted Individuals WASHINGTON—A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud 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 for the Northern District of California in Oakland against
Garry Wan
of Concord, California.
To date, 50 individuals have agreed to plead or have pleaded … (0 comments)

real estate fraud: Mortgage Fraud Blog for December 3, 2014 - 12/02/14 09:52 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 Legal Disclaimer. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on MortgageFraudBlog.Com are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made … (0 comments)

 

All 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.
Please contact David Saks with any questions.



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