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Mortgage and Fraud and the Law, Oh My!
Wednesday, May 09 2012 05:55
2 Real Estate Developers Sentenced for Investment Fraud
Allen Weiss, 60, Marlbor, New Jersey, and David Moulakis, 55, Toms River, New Jersey, two real estate developers, were sentenced for their roles in an investment fraud conspiracy that embezzled nearly $1 million in connection with purported commercial real estate developments.
Tuesday, May 08 2012 00:31
Homebuilder Admits Real Estate Investment Scam
Brian McCloskey, 44, Baltimore, Maryland, pleaded guilty to conspiring to commit wire fraud arising from an investment fraud scheme.
Tuesday, May 08 2012 00:30
Guilty Plea Entered in Distressed Home Rehab Scam
Francis X. Sanchez, 51, Woodstock, Illinois, pleaded guilty in federal court to conducting a $7 million mail fraud scheme for representing to potential investors that his business bought distressed houses, rehabilitated those houses, and sold the houses for a profit.
Wednesday, May 09 2012 00:39
Hard Money Broker Admits Real Estate Investment Fraud
Shawn Anthony Swor, 43, Missoula, Montana, pled guilty to investment fraud at during a federal court session in Missoula, on May 1, 2012, before U.S. District Judge Donald W. Molloy.
Wednesday, May 02 2012 00:02
Real Estate Development Scam Results in Prison Time
Elizabeth P. Johnson, 35, Bozeman, Montana, was sentenced to a prison term of 34 months for her role in a real estate development scam.
Thursday, April 26 2012 05:53
Hard Money Broker Pleads Guilty to Defrauding Investors
Keith B. Kovick, 61, Williston, North Dakota, pled guilty to mail fraud, wire fraud, and money laundering on April 25, 2012, before U.S. District Judge Donald W. Molloy.
Tuesday, April 24 2012 00:27
Real Estate Investor Indicted for Stealing from Clients
William Kevin Kelly, 58, Ocean City, New Jersey, has been indicted and charged with wire fraud and money laundering for allegedly victimizing clients and investors through promised real estate deals in the Lancaster, New Jersey, area.
Thursday, April 19 2012 00:31
Real Estate Investor Convicted of Running Ponzi Scheme
Joseph Angelo Sivigliano, 79, Oklahoma City, Oklahoma, was convicted by a federal jury of conspiracy, wire fraud, and money laundering in connection with a real estate investment Ponzi scheme.
Tuesday, April 17 2012 06:39
Lawyer/Clergyman Convicted of Real Estate Ponzi Scheme
Martin T. Sigillito, 63, Webster Groves, Missouri, an attorney and clergyman, was convicted in federal court of leading a real estate fraud conspiracy that stole more than $52 million from its victims.
Monday, April 16 2012 12:11
Developer Continues Misleading Conduct Even Up To Sentencing
Leo Wheeler, 56, Roseville, California, was sentenced by United States District Judge Garland E. Burrell, Jr. to four years and three months in prison, to be followed by three years of supervised release for defrauding investors in a real estate project.
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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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