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Mortgage and Fraud and the Law, Oh My!
Thursday, December 29 2011 08:45
Fraudster Sentenced for Failed Development Project
Derek Christopher Swann, 39, Norman, Oklahoma, was sentenced to serve 40 months in federal prison for money laundering related to a failed commercial and residential development called “The Falls.”
Thursday, December 29 2011 08:32
Man Admits Real Estate Investment Ponzi Scheme
Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.
Thursday, December 29 2011 00:32
Guilty Pleas in the Largest Case of Mortgage Fraud
Plain Dealer (blog)(Cleveland)- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force announced five (5) defendants plead guilty to mortgage fraud crimes covering over 500 real estate...
Thursday, December 29 2011 00:32
Developer to Begin Prison Sentence in Myrtle Beach Area Mortgage Fraud Case
Darin Epps, former owner of Dunes Mortgage in Myrtle Beach who arranged fraudulent mortgage loans; sentenced to 33 months in prison; scheduled release date is Feb. 25, 2014. Alissa Smith, a real estate sales...
Thursday, December 29 2011 00:32
Mortgage Scammer Gets 5 Years Behind Bars
Some key players in the scheme never were charged, but Evans and Malcom received more prison time than is typical in such cases highlighting what some legal observers call a lack of consistency in...
Monday, December 26 2011 00:33
Two Admit Conspiracy to Make a False Statement
James Lee Putnam, 40, and Alissa Rae Smith, 29, both of Myrtle Beach, South Carolina, pled guilty in federal court to conspiracy to make a false statement in a HUD-1 settlement statement, a violation of Title 18, United States Code, Section 371.
Friday, December 23 2011 00:56
Northeast Ohio Neighborhoods Likely Hurt by Massive Mortgage Fraud Case for Years
NewsNet5.com CLEVELAND - According to prosecutors, Uri Gofman, 39, of Beachwood took more than $44 million from numerous banks in what was likely the largest mortgage fraud case in our nation's history. But...
Thursday, December 22 2011 06:03
Myrtle Beach Residents Plead Guity to Mortgage Fraud
COLUMBIA, SC - Two Myrtle Beach residents plead guity to mortgage fraud in Florence on Thursday to mortgage fraud. United States Attorney Bill Nettles stated that James Lee Putnam, age 40, and Alissa Rae Smith...
Friday, December 23 2011 00:10
Man Admits Straw Buyer Scam and Agrees to Forfeit $6.2M
Justin Lindle Hatton, a Utah resident, the owner of a real estate investment and management company, Malibu Equity Group Inc, pleaded guilty to a straw buyer scam. Hatton also agreed to forfeit $6.2 million in connection with his role in the scam.
Monday, December 26 2011 00:40
2 Arraigned for Allegedly Stealing Deceased Woman's Home
Troy Lamar Preston and Mario Emile McKinley, two men accused of using fraudulent means to obtain the certificate of title to a deceased woman’s home, have been arraigned in San Bernardino, California, Superior Court.
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Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.
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