Archives For Mortgage Fraud

Linda Yarleque, 44, and Fabio Moreno Vargas, 47, Bergen County, New Jersey, husband and wife, were both sentenced to prison for lying about their employment, income, and other financial information in order to fraudulently obtain millions in mortgages.

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Din Chaney, 36, and Lisa Lipton, 50, the final two defendants charged for their roles in a multi-million dollar mortgage fraud scheme operating in the Houston, Texas area have been ordered to prison.

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Paulynn Wright, 42, Knoxville, Tennessee, pleaded guilty on July 29, 2014, in U.S. District Court for the Eastern District of Tennessee at Knoxville, to conspiracy to commit wire fraud. Wright admitted conspiring to obtain a mortgage loan by providing false information to a lender.

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Robert Kahan, 68, Sunny Isles Beach, Florida, the developer of three Trenton, New Jersey, affordable housing projects admitted that he made false statements to a financial institution to divert project money for personal and other unauthorized purposes, and to conducting a transaction with the proceeds of this crime.

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Gregory D. Anderson, 47, Kingstree, South Carolina, was sentenced to 15 years prison, and his co-defendant Anthony C. Carrothers, 49, Charlotte, North Carolina, was sentenced to 10 months, for their involvement in a mortgage fraud conspiracy wherein straw buyers were recruited to purchase homes with inflated values in exchange for kickbacks.

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Jonathan Lee Oliver, 41, Missoula, Montana, was sentenced to 100 months in prison for diverting construction funds he received from investors in eastern Montana and North Dakota, and using the money for himself.
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Leonard E. Williams, 52, Sacramento, California, was found guilty after a six–day trial in a mortgage fraud case of conspiracy to commit mail and wire fraud and two counts of money laundering.  The trial was held before United States District Judge William B. Shubb.

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David Pizio, 58, Jamesville, New York, entered a guilty plea in U.S. District Court to the felony offense of conspiracy to commit bank fraud. The defendant is facing a statutory maximum of 30 years imprisonment and a maximum fine of $1,000,000.00.

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15 states filed lawsuits on mortgage scam operations in coordination with the joint federal-state sweep by the Consumer Financial Protection Bureau and the Federal Trade Commission. The lawsuits target scam operations that prey on delinquent homeowners or those facing foreclosure.

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Ronald L. Roberts, 54, Town and Country, Missouri, pled guilty to charges of mail and wire fraud in connection with his obtaining more than a million dollars from lenders in what he now admits was a loan fraud scheme.

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