real estate fraud: Four Individuals Charged in Multi-Million-Dollar Mortgage Fraud Scheme - 05/20/14 09:48 AM
Four Individuals Charged in 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, announce that Karl Oreste, 56, of Miramar; Marie Lucie Tondreau, a/k/a “Lucie Tondreau,” 54, of North Miami; Okechukwu Josiah Odunna, a/k/a “O.J. Odunna,” 49, of Lauderdale Lakes; and Kelly Augustin, 57, of North Miami, have been charged with conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349, and six … (0 comments)

real estate fraud: Former Sacramento Man Pleads Guilty in Mortgage Fraud Scheme - 05/20/14 09:46 AM
Former Sacramento Man Pleads Guilty in Mortgage Fraud Scheme
SACRAMENTO, CA—Joshua Clymer, 28, currently of San Francisco, pleaded guilty today to conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme, United States Attorney Benjamin B. Wagner announced.
According to court documents, from approximately October 2006 through August 2008, Clymer participated in a mortgage fraud scheme involving multiple properties in the Sacramento area. As a part of the scheme, Clymer and a business partner used several fraudulent tactics to help buyers secure home loans from lenders, including inflating the buyer’s income, providing false employment histories, falsifying … (0 comments)

real estate fraud: Mortgage Fraud Scheme Caused More Than $150 Million in Bank Losses - 05/19/14 03:09 PM
Federal Grand Jury in Oakland Indicts President of Discovery Sales Inc.
Ayman Shahid Charged in Mortgage Fraud Scheme That Caused More Than $150 Million in Bank Losses WASHINGTON—An indictment by a federal grand jury unsealed today in Oakland, California, charges Ayman Shahid with conspiracy to commit bank fraud and 17 individual counts of bank fraud, announced United States Attorney Melinda Haag and Special Agent in Charge David Johnson of the FBI’s San Francisco Field Office.
According to the indictment, Shahid, 38, of Danville, California, is alleged to have masterminded a scheme to cause banks to approve mortgage loans for unqualified buyers … (2 comments)

real estate fraud: Chicago Developer & Two Attorneys Indicted in $22.8 Mil Mortgage Fraud - 05/19/14 02:50 PM
South Loop Condo Developer and Two Attorneys Among Six Defendants Indicted in $22.8 Million Mortgage Fraud Scheme
CHICAGO—A south loop condominium developer and two attorneys are among six defendants facing federal charges for allegedly engaging in a $22.8 million mortgage loan fraud scheme, federal law enforcement officials announced today. The defendants allegedly caused buyers to fraudulently obtain approximately 60 mortgages from various lenders to purchase condominiums at Vision on State, a 250-unit building located at 1255 South State St.
Real estate developer Warren N. Barr, III, was a member of 13th & State LLC, which obtained a $55.7 million loan … (2 comments)

real estate fraud: Real Estate Fraud Report for May 19, 2014 - 05/19/14 10:07 AM
Before you even think about committing
a real estate crime click the red button.
 
 
 
Related Links:
 
← Previous 1 2 3 4 5 6 7 8 9 … 90 91 Next →  
(0 comments)

real estate fraud: Grosse Ile Businessman Sentenced in Mortgage Fraud Case - 05/19/14 09:57 AM
Grosse Ile Businessman Sentenced in Mortgage Fraud Case
A Grosse Ile businessman was sentenced today after being convicted at trial of conspiracy to commit wire fraud and wire fraud, announced United States Attorney Barbara L. McQuade.
U.S. Attorney McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the Detroit, Michigan Office of the Federal Bureau of Investigation.
Sentenced was Richard Dean Woolsey, 42, of Grosse Ile Township, Michigan. Woolsey was sentenced to 90 months by U.S. District Judge Avern Cohn. Judge Cohn also ordered Woolsey to serve three years’ supervised release after his custodial … (0 comments)

real estate fraud: Former Alabama KKK Leader Sentenced to Prison for Cross Burning - 05/16/14 06:38 AM
Former Alabama KKK Leader Sentenced to Prison for Cross Burning and Obstruction of Justice
WASHINGTON—Steven Joshua Dinkle, 28, former exalted cyclops of the Ozark, Alabama chapter of the International Keystone Knights of the Ku Klux Klan (KKK), was sentenced today by Chief U.S. District Judge W. Keith Watkins to serve 24 months in prison to be followed by three years of supervised release for his role in a cross burning in 2009, announced the Justice Department and the U.S. Attorney’s Office for the Middle District of Alabama.
On February 3, 2014, Dinkle pleaded guilty to hate crime and obstruction of … (2 comments)

real estate fraud: Connecticut Man Sentenced for $3.2 Million Mortgage Fraud Scheme - 05/16/14 06:30 AM
Connecticut Man Sentenced to 30 Months in Federal Prison for Role in $3.2 Million Mortgage Fraud Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that DOMINGOS DIAS, 44, formerly of Trumbull and currently residing in Easton, was sentenced yesterday by U.S. District Judge Stefan R. Underhill in Bridgeport to 30 months of imprisonment, followed by three years of supervised release, for his involvement in a mortgage fraud scheme that caused more than $3 million in losses to lenders.
According to court documents and statements made in court, DIAS participated in a conspiracy to fraudulently … (2 comments)

real estate fraud: Two in Chicago Arrested and Charged in Alleged Mortgage Fraud Scheme - 05/15/14 01:44 PM
Two Defendants Arrested and Charged in Alleged Mortgage Fraud Scheme Involving Federal Undercover Investigation
CHICAGO—A West suburban man and a Chicago woman were arrested on federal charges for allegedly engaging in a bank fraud scheme purporting to involve the fraudulent sale of two two-flat apartment buildings in Chicago, federal law enforcement officials announced today. The charges followed a federal undercover investigation of fraudulent mortgage loan transactions.
George Dravilas, 36, of Medinah, and Bridget Hutcherson, 40, of Chicago, were each charged with bank fraud in a criminal complaint filed yesterday and unsealed following their arrests yesterday. Hutcherson was released on her own … (2 comments)

real estate fraud: Grand Rapids Man Sentenced for Mortgage Fraud - 05/15/14 01:40 PM
Grand Rapids Man Sentenced for Mortgage Fraud
GRAND RAPIDS, MI—Seamus P. Dillon, 37, of Ada, was sentenced to two years in federal prison, followed by three years of supervised release, and ordered to pay restitution in the amount of $755,693 after pleading guilty to conspiracy to commit mortgage fraud, U.S. Attorney Patrick Miles announced today. The conspiracy charge alleged that during 2007, Dillon and others defrauded a bank in connection with a mortgage for 2295 Indian Mill Creek Drive NW, in Grand Rapids Michigan. As a result of a series of false statements designed to defraud the lender, Dillon and … (0 comments)

real estate fraud: Man Arrested in Alleged Mortgage Foreclosure Rescue, RE Ponzi Scheme - 05/15/14 01:23 PM
Gloucester County Man Arrested, Charged in Alleged Mortgage Foreclosure Rescue, Real Estate Ponzi Scheme
CAMDEN, NJ—A Gloucester County, New Jersey man is charged with scamming distressed homeowners into giving him their houses and then soliciting fake real estate investments from private investors—secured by those same properties—that netted him more than $3 million in illicit profits, U.S. Attorney Paul J. Fishman announced.
Randy Poulson, 42, of Woolwich Township, New Jersey—the owner and operator of Equity Capital Investments LLC—was arrested this morning by special agents of the Philadelphia FBI. Poulson was arrested on a complaint charging him with mail fraud, which alleges … (0 comments)

real estate fraud: Former Real Estate Developer Pleads Guilty to Defrauding Investors - 05/15/14 01:15 PM
Former Atascadero Real Estate Developer Pleads Guilty to Defrauding Investors in Central Coast-Based Real Estate Fraud Scheme
LOS ANGELES—A real estate developer who formerly resided in Atascadero pleaded guilty today to federal fraud and money laundering charges for bilking investors who put money into Central Coast real estate projects.
Kelly Gearhart, 53, who currently resides in Wadsworth, Ohio, pleaded guilty this morning to two counts of wire fraud and one count of money laundering. Gearhart pleaded guilty before United States District Judge Otis D. Wright, II.
In a plea agreement filed late yesterday, Gearhart admitted that he knowingly and intentionally … (0 comments)

real estate fraud: Real Estate Fraud Report for May 14, 2014 - 05/14/14 07:08 AM
Here's your real estate fraud report for May 14, 2014.
Hundred's of recent real state fraud cases
and press releases from the FBI, Department of Justice
and other sources for your review
Before you even think about
committing a real estate crime
click the red button.
 
Related Links:
 
← Previous 1 2 3 4 5 6 7 8 9 … 89 90 Next →  
(0 comments)

real estate fraud: Mortgage Fraud Blog for May 14, 2014 - 05/14/14 06:59 AM
  Here's the latest from my friend, and great attorney, Rachel Dollar. Mortgage Fraud Blog sends update emails 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: Three Sent to Prison in Bakersfield and Fresno Mortgage Fraud Schemes - 05/13/14 02:17 PM
Three Defendants Sentenced to Prison in Bakersfield and Fresno Mortgage Fraud Schemes
FRESNO, CA—In three separate cases, defendants convicted of carrying out mortgage fraud schemes in Fresno and Bakersfield were sentenced to prison today, United States Attorney Benjamin B. Wagner announced.
Randy Lee Wilkins, 48, of Gilroy, was sentenced to four years and nine months in prison for carrying out a mortgage fraud scheme in Fresno. Wilkins was also ordered to pay $736,965 in restitution. A federal jury found Wilkins guilty in January 2014 of one count of conspiracy to commit wire fraud and bank fraud, three counts of bank … (0 comments)

real estate fraud: Long Island Real Estate Manager Guilty in $96 Million Ponzi Scheme - 05/12/14 09:59 PM
Long Island Real Estate Manager Pleads Guilty in $96 Million Ponzi Scheme
Investor Funds Diverted to Purchase ‘Panoramic View Resort & Residences in Montauk Earlier today, Adam J. Manson, 42, pleaded guilty to conspiracy to commit securities fraud for engaging in a $96 million Ponzi scheme with co-defendant and former investment fund manager Brian R. Callahan. Pursuant to his plea agreement with the government, Manson has agreed to forfeit all unsold units at the Panoramic View beachfront resort and residence development in Montauk, New York, valued in excess of $60 million, and an additional $3.9 million in criminal proceeds. When sentenced … (0 comments)

real estate fraud: Former New York Tax Liens Investment Company Executive Pleads Guilty - 05/12/14 09:54 PM
Former New York Tax Liens Investment Company Executive Pleads Guilty to Role in Bid Rigging Scheme at Municipal Tax Lien Auctions
Investigation Has Yielded 15 Guilty Pleas to Date WASHINGTON—A former New York-based tax liens company executive pleaded guilty today for his role in a conspiracy to rig bids at auctions conducted by New Jersey municipalities for the sale of tax liens, the Department of Justice announced.
Vinaya K. Jessani, of New York City, entered a guilty plea in the U.S. District Court for the District of New Jersey in Newark to felony charges filed today. Under the plea agreement, Jessani … (0 comments)

real estate fraud: Former Ft. Lauderdale Resident Pleads Guilty to Fraud - 05/12/14 07:25 AM
Former Ft. Lauderdale Resident Pleads Guilty to Bank Fraud Using MBC Shell Company to Defraud a Financial Institution
Wifredo 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 Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service, Criminal Investigation (IRS-CI), announce that Henry Fecker, III, 60, of Ft. Lauderdale, pled guilty yesterday before U.S. District Judge Robin S. Rosenbaum in Ft. Lauderdale to a superseding information charging him with one count of bank fraud. Sentencing for Fecker is scheduled for July 18, … (0 comments)

real estate fraud: Real Estate Fraud Report for May 12, 2014 - 05/12/14 07:19 AM
 
Related Links:
 
← Previous 1 2 3 4 5 6 7 8 9 … 89 90 Next → … (0 comments)

real estate fraud: Mortgage Fraud Blog Report for May 9, 2014 - 05/09/14 02:13 PM

Mortgage Fraud Blog sends update emails 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. Here's the latest from Rachel Dollar. Copyright 2004-2014 Rachel M. Dollar … (6 comments)

 
David Saks, Memphis ((retired)) Rainmaker large

David Saks

Memphis

Memphis, TN

More about me…

(retired)

Address: Memphis, TN

Office: (901) 217-4114

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find TN real estate agents and Memphis real estate on ActiveRain.