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Mortgage and Fraud and the Law, Oh My!
Tuesday, May 15 2012 00:33
Mortgage Fraud Ringleader Jailed for Scam Involving 70 Homes
Michael Anthony Prieskorn, 37, Ellendale, Minnesota, was sentenced on charges stemming from a mortgage fraud scheme that resulted in losses of at least $18 million for mortgage lenders.
Thursday, May 10 2012 00:24
Man Indicted for Defrauding Lenders in Condo Sales Scheme
Jared Mitchell Rothenberger, 43, Minneapolis, Minnesota, was indicted and charged with allegedly defrauding mortgage lenders out of millions of dollars in connection with the sale of condominiums at Chateau Ridge, Burnsville, Minnesota.
Tuesday, May 01 2012 00:02
Indictment Handed Down in Equity Stripping Scam
Tonii Carlos Greene, 52, Eagan, Minnesota, has been indicted for participating in a $3 million mortgage fraud scheme premised on the purchase of rundown houses to be rehabilitated and then sold. Instead, however, the equity was stripped from the homes, and the lenders were defrauded.
Tuesday, May 01 2012 00:51
2 Loan Officers Indicted for Straw Buyer Scheme
Troy Allen Huston, 42, and Chad Arthur Anderson, 38, both of Chisago City, Minnesota, two mortgage loan officers, have been charged with recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among the buyers and between themselves in the form of "kickbacks."
Friday, March 30 2012 10:13
Minnesota Man Sentenced for Fraud Involving 25 Properties
Ericvan Anthony McDavid, 37, Savage, Minnesota, was sentenced for participating in a $13 million mortgage fraud scheme that involved no fewer than 25 properties in Prior Lake, Savage, and Minnetonka, among other Minnesota communities.
Tuesday, March 27 2012 00:29
Attorney Disbarred for Mortgage Fraud Crimes
Richard A. Sand, 59, White Bear Township, Minnesota, who was sentenced in August 2011, for his role in a $2 million fraudulent loan scheme, has been disbarred by the Minnesota Supreme Court.
Thursday, March 22 2012 09:10
Gangster Convicted of Making Threats, Kidnapping & Mortgage Fraud
Joseph Duane Gustafson Jr., 37, was convicted by a jury of racketeering in the Beat Down Posse case. The charges included terroristic threats, kidnapping and multiple counts of mortgage fraud, drug trafficking and unlawful possession of a firearm.
Thursday, March 15 2012 00:12
Real Estate Agent Admits Victimizing Lenders
Barbara Lynnae Puro, 49, Savage, Minnesota, a real estate agent, pleaded guilty to participating in a multi-million-dollar mortgage fraud scheme that victimized lenders across the country.
Thursday, March 08 2012 00:26
Real Estate Investor Gets 8 Years for Flipping Scheme
Robert W. Dufresne, Jr., 47 Cottage Grove, Minnesota, was sentenced for defrauding investors out of more than $5 million in a multi-state, house-flipping scheme.
Monday, February 06 2012 07:25
Fraudster Banned Forever from Mortgage Industry
Michael Hudalla, Mendota Heights, Minnesota, was sentenced by a Hennepin County District Court Judge to 75 months in prison on two counts of racketeering in a major mortgage fraud case.
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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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