real estate fraud: Former City Clerk Sentenced for Embezzlement - 04/17/14 08:57 AM
Former City Clerk in Havana Sentenced for Embezzlement
WICHITA, KS—A former city clerk for the city of Havana, Kansas, was sentenced Wednesday to two years’ supervised release, U.S. Attorney Barry Grissom said. She also was ordered to pay a total of more than $59,000 in restitution to the city of Havana, Cross Point Baptist Church, and an insurance company.
Diana L. Cox, 67, Havana, Kansas, pleaded guilty to one count of bank fraud and one count of wire fraud. In her plea, she admitted embezzling $14,658 from the city of Havana while she was working as city clerk. On August … (0 comments)

real estate fraud: Final Defendant Sentenced in Foreclosure Rescue/Marijuana Grow Scheme - 04/17/14 08:50 AM
Final Defendant Sentenced in Foreclosure Rescue/Drug Distribution Scheme
SHERMAN, TX—A 43-year-old McKinney, Texas man has been sentenced to federal prison in connection with a combination foreclosure rescue and drug distribution scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales.
Julius Williams pleaded guilty on August 21, 2013, to conspiracy to commit mail and wire fraud and was sentenced to 46 months in federal prison today by U.S. District Judge Marcia Crone. Williams was also ordered to pay $1,432,208.00 million in restitution.
According to information presented in court, from February 2007 to June 2012, Jarrod Williams, Julius … (0 comments)

real estate fraud: Former Construction Company Officer Nets Five Years in Prison - 04/17/14 08:46 AM
Former Construction Company Officer Sentenced to Five Years in Prison for Fraud Conspiracy
JACKSON, MS—H. Claiborne Frazier, of Jackson, was sentenced to serve 60 months in federal prison and pay a $10,000 fine for his role in a conspiracy with his brother, Austin W. Frazier, and his father, C.E. Frazier, Jr., to commit bank fraud, mail fraud, and wire fraud, announced U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen. Frazier pled guilty to the charges on September 16, 2013. Austin and C.E. Frazier, Jr. were each sentenced on March 10, 2014. Austin W. Frazier was … (0 comments)

real estate fraud: Jury Convicts DBSI Principals of Fraud - 04/16/14 08:18 PM
Jury Convicts DBSI Principals of Fraud
U.S. Attorney Commends Work and Career of FBI Special Agent Rebekah Morse BOISE—A federal jury in Boise today returned guilty verdicts against four DBSI principals—Douglas L. Swenson, Mark Ellison, David D. Swenson, and Jeremy S. Swenson—on multiple fraud charges, announced U.S. Attorney Wendy J. Olson. The jury convicted Douglas Swenson, 65, of Eagle, Idaho, on 34 counts of wire fraud and 44 counts of securities fraud. The jury convicted Ellison, 65, of Boise, David Swenson, 36, of Boise, and Jeremy Swenson, 41, of Meridian, on 44 counts of securities fraud. The jury returned not guilty … (0 comments)

real estate fraud: Woman Nets 27 Months in Prison for Real Estate Investment Scheme - 04/16/14 08:14 PM
Florida Woman Sentenced to 27 Months in Prison for Role in Real Estate Investment Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Loretta Seneca, 51, of Boynton Beach, Florida, was sentenced today by U.S. District Judge Robert N. Chatigny in Hartford to 27 months of imprisonment, followed by three years of supervised release, for her role in a real estate investment scheme. Seneca was also ordered to serve the first six months of supervised release in home confinement and to perform 120 hours of community service.
According to court documents and statements made in … (0 comments)

real estate fraud: Businessman Indicted for Bankruptcy Fraud - 04/11/14 04:08 PM
Jackson Businessman Indicted for Bankruptcy Fraud
JACKSON—William D. “Butch” Dickson, 58, of Jackson, was indicted by a federal grand jury on April 8, 2014, on six counts of bankruptcy fraud, six counts of bank fraud, and five counts of wire fraud, announced U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen.
According to the indictment, Dickson’s company, Community Home Financial Services (CHFS), is in Chapter 11 Bankruptcy in the Southern District of Mississippi Bankruptcy Court. Dickson is alleged to have illegally transferred $9,095,000 out of various bankruptcy escrow accounts to an account he controlled at Banco … (0 comments)

real estate fraud: Woman Sentenced to 30 Months for Swindling Elderly Woman Out of $99k - 04/10/14 04:47 PM
West Orange Woman Sentenced to 30 Months in Prison for Stealing Nearly $100,000 from an Elderly Woman
TRENTON, NJ—A West Orange, New Jersey woman who defrauded an elderly victim of nearly $100,000 by taking the victim’s Social Security payments and secretly applying for a reverse mortgage on the victim’s home was sentenced today to 30 months in prison, U.S. Attorney Paul J. Fishman announced. Shawn L. Craig, 47, previously pleaded guilty before U.S District Judge Michael A. Shipp to an information charging her with one count of mail fraud and one count of filing false personal federal income tax return … (2 comments)

real estate fraud: Lawyer Who Served as Escrow Officer is Sent to Federal Prison - 04/09/14 10:01 AM
Purchaser and Seller in Loan Fraud Scheme are Sentenced
DFW Lawyer Who Served as Escrow Officer in Scheme is Sentenced to Federal Prison for Covering Up the Bank Fraud DALLAS—Plano, Texas, residents, Vathany Teng, 43, and Lina Ma, 55, were sentenced yesterday for their roles in a loan fraud scheme they ran from August 2007 to April 2008 that resulted in the total funding of more than $3 million in fraudulent loans, announced U.S. Attorney Sarah R. Saldaña of the Northern District of Texas.
U.S. District Judge David C. Godbey sentenced Teng to 27 months in federal prison and ordered him … (0 comments)

real estate fraud: Former Caseworker Guilty to Witness Tampering, False Statement to HUD - 04/09/14 09:55 AM
Former Caseworker for the Dallas Project Reconnect Pleads Guilty to Witness Tampering, Making a False Statement to HUD, and Deprivation Under Color of Law
DALLAS—Lawrence Hart, 37, appeared today before U.S. Magistrate Judge Renée Harris Toliver and pleaded guilty to a felony and misdemeanor Information charging various offenses stemming from his role as a caseworker for an outreach program that is managed by the city of Dallas’s Housing Department. The announcement was made today by U.S. Attorney Sarah R. Saldaña of the Northern District of Texas.
Specifically, Hart pleaded guilty to one count of witness tampering, one count of making … (0 comments)

real estate fraud: Mortgage Fraud Blog Updates for April 9, 2014 - 04/09/14 05:34 AM
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. Rachel sends this to me and I'm reblogging as a community service. … (4 comments)

real estate fraud: Philadelphia Man Guilty in Multi-Million-Dollar Mortgage Fraud Scheme - 04/08/14 07:24 PM
Philadelphia Man Pleads Guilty in Multi-Million-Dollar Mortgage Fraud Scheme
PHILADELPHIA—Eric Sijohn Brown, 46, of Philadelphia, pleaded guilty today to 20 counts in connection with a mortgage fraud scheme involving KREW Settlement Services. Brown pleaded guilty to conspiracy, two counts of FHA loan fraud, 12 counts of loan fraud, and three counts of tax evasion. Between May 2004 and February 2009, Brown and his co-conspirators inflated purchase prices on loan documents for more than 100 Philadelphia properties, resulting in more than $20 million in fraudulent loan proceeds. A sentencing hearing is scheduled for July 8, 2014. Brown faces a maximum possible … (0 comments)

real estate fraud: Two Plead Guilty to Federal Fraud Charges - 04/08/14 07:19 PM
Two Area Businessmen Plead Guilty to Federal Fraud Charges
ST. LOUIS, MO—Two area businessmen admitted to committing bank fraud against Excel Bank, which failed in 2012, after receiving $4,000,000 in capital from the Treasury Department through the Troubled Asset Relief Program (TARP).
According to the plea agreements, James Crews and Michael Hilbert admitted to making false statements to Excel Bank with respect to escrow funds or “fix funds” set aside for repairs to rental homes financed through the bank. In reliance on Crews’ and Hilberts’ claims that work had purportedly been done on the rental properties, the bank disbursed the … (0 comments)

real estate fraud: Another Crooked Mortgage Broker Gets More Than 3 Years In the Slammer - 04/04/14 07:05 AM
Annandale Mortgage Broker Sentenced to 38 Months in Prison for Involvement in Mortgage Fraud Scheme
ALEXANDRIA, VA—Kil Seok (“Michael”) Seo, 49, formerly of Fairfax, Virginia, was sentenced today to 38 months in prison for engaging in bank fraud and aggravated identity theft as part of a mortgage fraud scheme. Seo also was ordered to pay restitution of $894,600 to several banks that were the victims of Seo’s criminal conduct.
Dana J. Boente, Acting United States Attorney for the Eastern District of Virginia, and Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office, made the announcement following today’s … (2 comments)

real estate fraud: Former Bank CEO President Charged with Bank Fraud, Conspiracy, Perjury - 04/03/14 10:58 AM
Former Bank CEO and President Charged with Bank Fraud, Conspiracy, and Perjury
Earlier today, an indictment was unsealed charging Poppi Metaxas, the former chief executive officer (CEO) and president of Gateway Bank FSB (Gateway), with bank fraud, bank fraud conspiracy, and perjury. According to the indictment, in 2009, Metaxas fraudulently caused Gateway to execute a sham “round-trip” transaction in which the bank self-funded a down payment to make it appear that Gateway had sold toxic, non-performing mortgage loans. This morning, the defendant surrendered to federal agents in California and was arraigned at the federal courthouse in San Francisco, California.
The … (0 comments)

real estate fraud: Former Bank Executive Sentenced for Mortgage Fraud - 04/02/14 12:42 PM
Former Bank Executive Sentenced for Mortgage Fraud
ORLANDO—U.S. District Judge Roy B. Dalton, Jr. today sentenced Braden Koegel (35, Apopka) to three years and six months in federal prison for bank fraud. Koegel pleaded guilty on November 21, 2013.
According to court documents, Koegel, a former home lending executive at a local bank, fraudulently obtained more than $2 million worth of fraudulent home mortgages on two properties in North Carolina. He did so by utilizing straw purchasers (individuals who would act as buyers) to purchase the properties and by lying about the income and assets of these straw purchasers on … (0 comments)

real estate fraud: Former Raleigh Mortgage Broker Sentenced to 42 Months in Prison - 04/02/14 12:40 PM
Former Raleigh Mortgage Broker Sentenced to 42 Months in Prison for His Role in Mortgage Fraud Scheme
RALEIGH—United States Attorney Thomas G. Walker announced that in federal court today before Chief United States District Judge James C. Dever, III, Mark Thomas Bowe, Jr., 56, of Jonesboro, Georgia, was sentenced to a 42-month term of imprisonment, followed by five years of supervised release, on count one of an indictment charging Bowe with conspiracy to commit bank and wire fraud, in violation of Title 18, United States Code, Section 1349. Bowe was also ordered to pay $604,550.69 in restitution.
Count one of the … (0 comments)

real estate fraud: Delaware County Man Sentenced for Mortgage and Bank Fraud - 04/02/14 12:37 PM
Delaware County Man Sentenced for Mortgage and Bank Fraud
PHILADELPHIA—Simon H. Aouad, 35, of Garnet Valley, Pennsylgania, was sentenced today to 70 months in prison and restitution of $5,462,682 for a mortgage fraud scheme involving fraudulently obtained mortgages to purchase properties in North Wildwood, New Jersey, and Dorchester, Masschusetts, and a bank fraud scheme involving fraudulently obtained lines of credit at Wachovia Bank, now Wells Fargo Bank. Aouad pleaded guilty to conspiracy, mail fraud, and bank fraud. He was involved in three schemes. In the first, properties primarily located in North Wildwood, New Jersey, were purchased for inflated sale prices … (0 comments)

real estate fraud: Former Alabama Real Estate Investor Indicted in Mail Fraud Conspiracy - 04/01/14 09:35 AM
Former Alabama Real Estate Investor Indicted in Conspiracy to Commit Mail Fraud
WASHINGTON—A federal grand jury in Mobile, Alabama returned a one-count indictment against a former real estate investor, charging him with conspiracy to commit mail fraud as part of a scheme related to public real estate foreclosure auctions held in southern Alabama, the Department of Justice announced today.
The indictment, returned on March 27, 2014, and entered today in the U.S. District Court for the Southern District of Alabama, charges former real estate investor
Chad E. Foster, of Theodore, Alabama,
with conspiracy to commit mail fraud affecting a financial … (0 comments)

real estate fraud: Three Ordered to Prison in Multi-Million-Dollar Mortgage Fraud Scheme - 03/31/14 07:22 AM
Three Ordered to Prison in Multi-Million-Dollar Mortgage Fraud Scheme HOUSTON—Former Houston resident Walter Ryan Macapaz has been ordered to prison along with Houston businessman Tony David Maldonado and attorney and former mortgage loan officer Buffy Marie Lawrence for their roles in a scheme to defraud residential mortgage lenders of more than $22 million in loans, announced United States Attorney Kenneth Magidson, along with FBI Special Agent in Charge Stephen L. Morris and Internal Revenue Service-Criminal Investigation (IRS-CI) Special Agent in Charge Lucy Cruz.
Today, U.S. District Judge Gray Miller, who accepted the guilty pleas, handed Macapaz, 36, a sentence of 108 … (0 comments)

real estate fraud: Attorney Sent to Prison for Her Role in Mortgage Fraud Scheme - 03/25/14 05:52 PM
Attorney Sent to Prison for Her Role in Mortgage Fraud Scheme RALEIGH—The United States Attorney’s Office announces that in federal court yesterday, Chief United States District Judge James C. Dever, III sentenced former attorney
AMY ROBINSON, 36, of Rolesville,
to 18 months’ imprisonment followed by three years of supervised release. The court further ordered ROBINSON to make restitution of $2,613,046.37 to various banks and other victims.
The criminal information and other evidence showed that between 2002 and 2006, James Thomas Webb (previously sentenced to 237 months in prison) was operating a company identified as Alpine Properties, LLC.
Webb promised … (4 comments)

 
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