Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
imageRachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar

Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.



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August 6, 2009 - Inman News
The Lowdown on Downpayment Programs

July, 2009 - Mortgage Banking Magazine
Flashpoint - FHA Fraud

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Feds Get Tough on Mortgage Fraud

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Recent Posts

- 3 Indicted For Role in Texas Mortgage Fraud Scam
- 12 Charged in for Real Estate & Mortgage Fraud
- Probation Given for Participation in Mortgage Fraud Scheme
- Foreclosure Rescue Companies Sued in Separate Actions
- First Fidelity Mortgage, Inc. President Sentenced for Bank Fraud
- Self-Proclaimed “Honorable Lady of San Francisco” Defrauded Mortgage Lenders
- 21-Count Indictment Handed Down in Mortgage Rescue Scam
- California Company Sued for Foreclosure Rescue Fraud
- Florida Man Gets Prison Time for Mortgage Fraud
- 2 More Sentenced for Scam Involving 136 Loans
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Monday, February 08, 2010

3 Indicted For Role in Texas Mortgage Fraud Scam

Ming Shan Zhu, 57, of Katy, Texas, the owner of Catco Homes; Alvin Mark Eiland, 45, Houston, Texas, former owner of Future Mortgage Company Inc.; and Gary Leonard Robinson II, 28, Houston, Texas, a former employee of Future Mortgage Company Inc., have been charged with offenses arising from a scheme to defraud residential mortgage lenders of...

   

12 Charged in for Real Estate & Mortgage Fraud

12 people have been charged for various, unrelated mortgage and real estate scams:

Victor Koltun and Jarrett Haber have been charged with Grand Larceny in the Second Degree, Residential Mortgage Fraud, and Possession of a Forged Instrument. In October 2009, Jean Kemp, a senior citizen, received a phone call demanding payment on her mortgage....

   

Probation Given for Participation in Mortgage Fraud Scheme

John Boumenot, 63, has been sentenced to 5 years probation for his participation in a mortgage fraud scheme. Boumenot is also required to make regular restitution payments.

As taken from to court documents, John Boumenot operated a business buying, renting, and selling real estate properties. Boumenot, played a limited role in a scheme related...

   

Foreclosure Rescue Companies Sued in Separate Actions

1) Sean Alan Rutledge, a California attorney, and United Law Group, Inc. (ULG), a California law firm he founded, have been charged in a lawsuit for bilking Ohioans who faced foreclosure out of thousands of dollars. The lawsuit alleges that the law firm promised foreclosure rescue and legal services to save homes and collected upfront fees but...

   

First Fidelity Mortgage, Inc. President Sentenced for Bank Fraud

William Everett Nichols, 56, Alexandria, Louisiana, president and sole shareholder of First Fidelity Mortgage, Inc., was sentenced to six years in federal prison and ordered to pay $3,903,071.00 in restitution for bank fraud. 

As previously reported on Mortgage Fraud, Nichols pled guilty to bank fraud in November 2009. The FBI investigation of ...

   

Friday, February 05, 2010

Self-Proclaimed “Honorable Lady of San Francisco” Defrauded Mortgage Lenders

Judy "Miu Wan" Yeung, 58, Mountain View, California, was convicted of one count of conspiracy to commit wire fraud, eight counts of wire fraud, and three counts of witness tampering. 

The jury, after deliberating for one day, found that Yeung engaged in a mortgage fraud conspiracy between approximately December 2004 and January 2007. Yeung,...

   

21-Count Indictment Handed Down in Mortgage Rescue Scam

Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. Warrants have been issued for their arrest and racketeering liens have been placed on their assets. This represents what is believed to be one of...

   

California Company Sued for Foreclosure Rescue Fraud

21st Century Legal Services, Inc., a California company providing loan modification services to homeowners facing foreclosure has been charged with charging consumers up-front fees in violation of Florida's Foreclosure Rescue Fraud Prevention Act.

The complaint alleges that, after initial contact is made with a homeowner, the company arranges...

   

Florida Man Gets Prison Time for Mortgage Fraud

Stanford Morgan, 44, Seminole County, Florida, president and owner of Homes for Sale by Owner, Inc., was sentenced to six years in prison after pleading guilty to a criminal racketeering scheme that involved mortgage fraud in home purchasing. Upon his release from prison, Stanford Morgan must also pay full restitution, including $200,000 to an...

   

Thursday, February 04, 2010

2 More Sentenced for Scam Involving 136 Loans

Kevin Lafavers, 46, formerly of Indianapolis, Indiana, was sentenced to 33 months in federal prison, and Donald T. Brown, 67, Lebanon, Indiana, was sentenced to 27 months in prison. Both were sentenced following Lafavers' guilty pleas to conspiracy to commit wire fraud and wire fraud and Brown's guilty pleas to conspiracy to commit wire fraud...

   

Mortgage Fraud Ponzi Scheme Leads to Jail Time

Dawn Quiroga, 40, Oklahoma City, Oklahoma, formerly of Edmond, Oklahoma, was sentenced to serve 97 months in federal prison for money laundering and failure to file a tax return stemming from a mortgage fraud Ponzi scheme. In addition, Quiroga was ordered to serve three years of supervised release upon release from prison and pay $4,848,850.04...

   

Man Admits Role in $3.6M Mortgage Fraud Scam

Quentin Henley, 37, Kansas City, Missiouri, pleaded guilty for his role in a mortgage fraud conspiracy that involved loans on 34 properties in the inner city and midtown areas of Kansas City, Missouri, totaling more than $3.6 million.

As previously reported on Mortgage Fraud Blog, Henley did business as Quality Remodeling, as All and One...

   

Wednesday, February 03, 2010

10 Charged in Multi Million Dollar Mortgage Fraud Case

Yamil L. Herrera, 38, Miami, Florida, Alain C. Hernandez, 41, Miami,Florida, Ricelda M. Hernandez, 44, Miami, Florida,  Maria G. Herrera, 40, Miami, Florida,  Ana G. Blanco, 35, Hialeah, Florida, Samantha Portales, 43, Miami, Florida,  Edel Martinez, 37, Miami, Florida, Osiris Garcia, 41, Miami, Florida, Luis R. Martinez, 42, Hialeah,...

   

Defendant Pleads Guilty in Mortgage Fraud Scheme

Olu Campbell, formerly known as Oluseun Oshosanya, 29, Laurel, Maryland, pleaded guilty to wire fraud in connection with a scheme to defraud a mortgage company of $428,000.

According to Campbell's plea agreement, he was familiar with real estate renovations and the mortgage business because he had previously worked both as a loan officer at a...

   

Mortgage Fraud Scam Sends 3 to Jail

Dwayne G. Deer, Biloxi, Mississippi (fomerly of McComb, Mississippi), James Todd Phillips, McComb, Mississippi, and Dawn Stinson, McComb, Mississippi, were sentenced for their roles in a mortgage fraud scheme that operated from March 2003 through January 2006. Deer and Phillips victimized over 25 banks, title insurance companies and other...

   

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Today's News

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FBI Builds Its Case in Flipping Schemes
Herald Tribune
Craig Adams, orchestrator of one of the largest real estate fraud rings in Florida history, has secretly spent more than a year and a half as an FBI informant, helping build cases against the people he once recruited into his schemes, the Herald-Tribune has learned.

Recent Appraisal Rules Open Door to Shady Middlemen
Tampa Bay Online
The changes, which took effect in May, were designed to prevent the appraisal-related fraud that helped drive housing prices to unsustainable heights.

Is 'Forensic Mortgage Analysis' Legitimate?
King5.com
Richard Hagar works at American Home Appraisals and does fraud profiling...He says the latest scam snaring homeowners are companies or individuals offering a 'forensic mortgage analysis.'

Sylvania Lawyer Charged in Thefts From 2 Clients
Toleda Blade
A Sylvania lawyer who has his office in Temperance and has long practiced in the Toledo area appeared in Lucas County Common Pleas Court yesterday on charges that he stole from clients.

Ex-IU Player Charged in Realty Funds Scheme
Journal Gazette
Former Indiana University basketball player and current radio announcer Todd C. Leary faces 17 felony charges in connection with a scheme to misappropriate real estate title funds.

More Real Estate Licenses Revoked in 2009
KMJ Now.Com
A staggering number of real estate licenses were revoked here in the Golden State in 2009, many, the result of loan modification scams.

FTC Wants to Bar Upfront Fees by Mortgage-Relief Firms
E Credit Daily
The Federal Trade Commission today proposed a new rule banning upfront fees by companies promoting mortgage modification services to rescue distressed homeowners from foreclosure.

Mortgage Fraud Conspirator Sentenced to Jail
ABC Local
One of three defendants in a Yucca Valley mortgage fraud case has been sentenced to prison.

Heath Man Awaiting How Much He Owes Scam Victims
Newark Advocate
Attorneys on Monday started the process of sorting out how much a Heath man owes to the people he admitted to scamming.

Filings of Suspected Mortgage Fraud Leveled Off
Mondaq.Com
On January 22, 2010, the Financial Crimes Enforcement Network (FinCEN) reported that filings of Suspicious Activity Reports (SARs) during the first six months of 2009 for check fraud increased for all of the industries required to file SARs under the Bank Secrecy Act (BSA), as compared to the first six months of 2008.

Previous Articles

TRIAL COVERAGE

Trial coverage provided by Anne Mitchell, Crazy Fish Realty.

Follow Anne on Twitter.

Monday, February 01, 2010

F. Jeffrey Miller Trial Coverage - Continued Witness Examination

According to Anne Mitchell, who is present in court for the trial:

Next Witness: Kelly Sanford

Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in...

Read More...

Wednesday, January 27, 2010

F. Jeffrey Miller Trial - Prosecution Witnesses Continued

According to Anne Mitchell, who is viewing the trial:

January 13, 2010

Witness: Rick Hayes

Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John...

Read More...

Tuesday, January 19, 2010

F. Jeffrey Miller - Prosecution Witness Testimony Overview

Witness Jennifer Kelly, Independence, Missouri, was the first witness called by the Government. According to the testimony Jennifer Kelly provided in court:

She and her family moved into a Miller Enterprises home with a lease/purchase agreement. The Government presented the Residential Contract for Sale of Real Estate, signed by the Kellys on...

Read More...

Monday, January 18, 2010

F. Jeffrey Miller Trial - Government Calls First Witness

Builder Looking For Toys Car, motorbikes, etc. for Down Payment. New Homes avail. 913-634-**** Cell phone

This was the newspaper ad answered by a homebuyer and witness, Rick Hayes, discussed during the opening day of testimony for previously convicted homebuilder, F. Jeffrey Miller.

Witness testimony began on January 13, 2010, Topeka, Kansas....

Read More...

Monday, October 26, 2009

F. Jeffrey Miller Update - October 20, 2009

A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.

Several motions were heard this week. One was a motion for Miller to be...

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© Copyright 2004-2010 Rachel M. Dollar

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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 this site 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 in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.

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