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Mortgage and Fraud and the Law, Oh My!
Wednesday, May 16 2012 00:28
3 Indicted for Mortgage Fraud Involving Time Shares
Ashley Lacerda, 32, Egg Harbor Township, New Jersey; Francis Santore, 52, Northfield, New Jersey; and Brian Corley, 27, Egg Harbor, New Jersey, are being arraigned on charges of conspiracy to commit mail and wire fraud, mail and wire fraud, and conspiracy to commit money laundering in a $2.6 million time share mortgage fraud.
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 07:35
Mother and Daughter Sentenced for Acting as Straw Buyers
Patricia Smith, 57, and Jamilah Smith, 31, Irvington, N.J., A mother and daughter from New Jersey each were sentenced to 24 months in prison for participating in a scheme involving New Jersey properties that caused mortgage lenders to release more than $1.9 million in loans obtained by fraud.
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 02:13
Orchestrator of Straw Buyer Scam Sentenced
Jorge Abbud, 33, Dover, New Jersey, a former employee of a Parsippany, New Jersey mortgage lender who admitted taking $138,402 in illegitimate proceeds of multiple home sales as a result of a mortgage fraud scheme, was sentenced to 21 months in prison.
Tuesday, April 17 2012 00:50
New Jersey Woman Sentenced for Mortgage Fraud Scam
Lucilene Guido, 33, Kearny, N.J., a real estate agent and former loan officer, was sentenced to 12 months in prison for her role in various mortgage fraud scams that collectively sought to defraud lenders out of more than $5.5 million and involved 17 New Jersey properties.
Sunday, April 08 2012 11:54
5th Defendant Admits Role in Straw Buyer Scam
William Brown, 60, Newark, N.J., a fifth man admitted his role in a $40.8 million mortgage fraud conspiracy, recruiting "straw buyers" to purchase real estate properties in New Jersey, South Carolina, and Georgia and causing lenders to release more than $18 million based on fraudulent mortgage loan applications.
Tuesday, March 27 2012 00:59
Former NBA Player Indicted for Real Estate Ponzi Scheme
C. Tate George, 43, Newark, New Jersey, former NBA basketball player and the CEO of purported real estate development firm The George Group, was indicted by a Newark grand jury for allegedly orchestrating a $2 million investment fraud scheme.
Tuesday, March 20 2012 06:34
Closing Agent Convicted for Role in Phony Mortgage Scam
Crystal Paling, 52, Hamburg, New Jersey, was convicted by a jury for her role in a wire fraud and money laundering scheme involving phony mortgages issued for properties in New Jersey and Florida.
Thursday, March 15 2012 00:04
Co-Owners of Home Savers Consulting Corp. Sentenced to Prison
Phil A. Simon, 35, and Garth Celestine, 46, both of Brooklyn, New York, were sentenced for conspiring with each other and others in a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit.
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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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