Thursday, July 02, 2009
Mortgage Fraud Scheme Leads to 83 Count Indictment
Benjamin Tubbs, 49, Pickerington, Ohio, Kevin Murphy, 50, Blacklick, Ohio, and Karl Mullins, 33, formerly of Columbus, Ohio, and now residing in Florida, are alleged to have acted as the mortgage brokers and orchestrators of a scheme to buy and sell houses at highly-inflated prices and to falsify loan documents in order to skim ten of thousands...
Beazer Homes Settles Accusations of Mortgage and Accounting Fraud
Beazer Homes USA, Inc. was charged in a federal bill of information and a deferred prosecution agreement, which were filed in U.S. District Court for the Western District of North Carolina. The criminal charges and accompanying agreement relate to Beazer's participation in a fraudulent scheme designed to increase Beazer Mortgage's profit margin...
Wednesday, July 01, 2009
Closing Agent Indicted for Misappropriating Funds
Kuntee Singramdoo, 49, Lakeville, Minnesota, has been charged with five counts of Theft and three counts of Theft by Swindle (all felonies), in connection with the theft of over $220,000 while she worked as an independent closer for a Burnsville title and real estate company.
The Minnesota Department of Commerce received information in 2008...
Falsified Loan Apps Lead to Criminal Charges
Ramon Coscolluela, 30, Union, New Jersey, a commercial loan broker, was charged by a State grand jury with one count each of theft by deception (second degree) and attempted theft by deception (second degree). Coscolluela, owner of Templar Group LLC, Newark, New Jersey, allegedly falsified five loan applications submitted to Commerce Bank in...
4 Indicted For Using Stolen Identities to Obtain Loans
Yi Feng Reid, 48, Closter, Bergen county, and Yu Jane Chen, 42, whose last known address was Philadelphia and both charged in a 17-count State grand jury indictment with conspiracy, eight counts of theft by deception, seven counts of identity theft and one count of money laundering.
Charged in the same indictment with one count each of...
New Jersey Man Indicted for Mortgage Loan Misreps
Terrance Givens, 32, East Orange, New Jersey, was charged with one count of theft by deception (second degree.) According to Criminal Justice Director Grammicioni, Givens lied about his employment history on a mortgage application in 2005. Specifically, he falsely listed his employer as Wall Designs, Inc. of Newark, a business founded by a...
Tuesday, June 30, 2009
Florida Man Sentenced for Role in $30 Million Mortgage Fraud Scheme
Ronald Luczak, 37, Cape Coral, Florida, has been sentenced to 22 years in federal prison for his role in a large mortgage fraud scheme. Luczak must also pay approximately $5.9 million in restitution to his victims. He had pleaded guilty to wire fraud and money laundering charges on September 10, 2008.
According to court documents, and as...
Ohio Man Charged in Straw Borrower Scam
Paul R. Tomko, 36, Middleburg Heights,Ohio, was charged with one count of mail fraud in connection with mortgage loans that were obtained fraudulently.
The criminal information alleges that from August 2003 through January 2005, Tomko and others who were not named executed a scheme to defraud Homecoming Financial Network and People's Choice Home...
Loan Mod Company Ordered to Cease & Desist
21St Century Legal Services, Inc., Sandy Ayala, also known as Sandi Ayala, and Michael Herried were issued a Cease and Desist Order by the Arkansas Securities Commissioner A. Heath Abshure. 21st Century is a mortgage loan brokerage company located in Rancho Cucamonga, California. Sandy Ayala and Michael Herried are employees of 21St Century.
The...
Monday, June 29, 2009
Former Mortgage Broker Pleads Guilty in $1.6 Million Mortgage Fraud Scheme
Warren Clifton Pierce, a former mortgage broker operating as Integrity Mortgage, Inc. entered a guilty plea on Monday, June 1, 2009, in the U.S. District Court for the Southern District of Mississippi, to the crime of Conspiracy to Commit Mail Fraud and Wire Fraud for his role in a scheme to fraudulently obtain mortgage loans totaling...
Ohio Man Charged in Mortgage Fraud Scheme
Paul R. Tomko, 36, Middleburg Heights, Ohio, has been charged in an information with one count of mail fraud in connection with mortgage loans that were obtained fraudulently.
The information alleges that from August 2003 through January 2005, Tomko and others who were not named executed a scheme to defraud Homecoming Financial Network and ...
Friday, June 26, 2009
Attorney Accused of Stealing Funds From Real Estate Closing
Craig Heller, 49, has been charged with for Grand Larceny in the Second Degree, Grand Larceny in the Third Degree, and Scheme to Defraud in the First Degree. He faces up to 15 years in prison if convicted. He was due back in court June 25, 2009.
Heller, acting as escrow agent, was hired in November 2007 to remit a settlement check for more than...
Man Charged With $2.3 Million Real Estate Loan Theft
Mayer Goldberger, 50, Brooklyn, New York, has been charged with Grand Larceny in the First Degree, Criminal Possession of a Forged Instrument in the Second Degree, and Scheme to Defraud in the First Degree. He faces up to 25 years in prison if convicted. He was arrested by DA Investigators. He is scheduled to be arraigned in First District...
Thursday, June 25, 2009
Principal and Firm Sued for Real Estate Investment Scheme
Horizon Property Holdings, L.C. ("Horizon"), Beverly Hills, California, and its principal, Cydney Sanchez, 59, Los Angeles, California, have been sued in the United States District Court for the Central District of California, for investment fraud. The suit alleges that Sanchez and Horizon operated a $6 million real estate investment scheme that...
Builders Indicted For Tax Credit and Loan Scam
Larry C. Shaver, 63, Port Isabel, Texas; Lewis Patrick Colbert, 62, Norman, Oklahoma; and Howard Michael Wampler, 64, Blanchard, Oklahoma, have been indicted on charges of conspiracy, fraud, and money laundering in connection with construction financing for development company McSha Properties, Inc., headquartered in Norman.
The indictment also...
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
