Todd A. Brunner, 57, and Shawn A. Brunner, 24, both of Pewaukee, Wisconsin, are the subjects of a sixteen count indictment charging them with bank fraud, making false declarations and oaths, and concealing assets, including real estate in bankruptcy.
Archives For Mortgage Fraud
Dinesh Valjeebhai Shah, 65, was sentenced to seven years in state prison for conspiring with three other family members to commit over $16 million in real estate fraud by forging documents and purchasing homes using straw buyers.
Bell Holdings, Inc., and Bimija Limited Partnership, are the subjects of Administrative Complaints issued by the Florida Office of Financial Regulation charging each company with unlicensed mortgage lending activity.
Guillermo Rincon, 36, Miami, Florida, and Enrique Hernandez, 34, Tampa, Florida, have been indicted and charged with one count of mortgage fraud conspiracy involving mail and bank fraud, and other related substantive charges, for allegedly inflating purchase prices and sharing the proceeds amongst the conspirators.
Six people, including a lawyer, real estate agent and funeral home director, have been charged with conspiring to steal a Philadelphia, Pennsylvania, home from an elderly widow after she passed away.
Marie Mikesche Bontigao, 43, West Chester, Pennsylvania, was charged by indictment for her alleged role in a fraud scheme wherein she solicited individuals to invest in her real estate projects but, instead of investing the lenders’ money in real estate, the funds were used to operate her business and pay personal expenses
Darrell Beatty, 49, Queens, New York, has been charged with illegally transferring the deed of an elderly woman’s home into his own name and then moving into the house.
Robert Moreno, San Diego, California, a banker who sold mortgages on behalf of GMAC, admitted receiving more than one million dollars in bribe payments while working on behalf of GMAC. In return, Moreno used his position and influence to ensure that his customers won their bids to purchase mortgage notes.
Israel Hechter, 47, San Diego, California, the owner of San Diego-based mortgage investment firms Ocean 18, LLC, and Note Tracker Corporation, admitted in federal court that he paid $1 million in bribes to bank insiders at J.P. Morgan Chase Bank, GMAC Mortgage, LLC, and National City Bank. Three other defendants also pleaded guilty to participating in the conspiracy.
Grant McCollough, 38, Kearney, Nebraska, a real estate investor and owner of Tycoon Investments, and his wife, Marisa McCollough, 36, pleaded guilty to participating in a conspiracy to defraud mortgage lenders and impede the Internal Revenue Service.