As previously reported by Mortgage Fraud Blog, Lincoln and co-defendant Rachel Donegan, an attorney, worked at 1st Metropolitan Mortgage and Guilford Title and Escrow in Baltimore, preparing mortgage applications and assisting in mortgage …

Read More...]]> 2008-05-12T12:08:00Z http://www.mortgagefraudblog.com/index.php/weblog/husband_and_wife_convicted_for_real_estate_fraud/ Mortgage Fraud, Maryland Patricia Omondi, 39, and her husband Boureima Sanfo, 47, both of Woodbridge, Virginia, were convicted by a federal jury on eight counts of interstate transportation of property obtained by fraud, three counts of money laundering and one count of obstruction of justice in connection with a scheme to defraud residential lot buyers.

As previously reported by Mortgage Fraud Blog and according to testimony presented during the three week trial,
Read More...]]> 2008-05-12T11:10:00Z http://www.mortgagefraudblog.com/index.php/weblog/loan_originator_sentenced_for_straw_buyer_scheme/ Mortgage Fraud, Florida Marlene Dinnall a/k/a Marlene Henry, Marlene Angela Hall, and Marlene Morris, 48, Miramar, Florida was sentenced to 51 months imprisonment by United States District Court Judge James I. Cohn. Dinnall was sentenced for her participation on a mortgage and mail and wire fraud scheme that resulted in approximately $1.8 million in fraudulently obtained mortgage loans. At sentencing, the defendant was also ordered to pay restitution to National City Mortgage Company, a lender that …

Read More...]]> 2008-05-09T15:13:00Z http://www.mortgagefraudblog.com/index.php/weblog/idaho_dept_of_finance_issues_shuts_down_bait_and_switch_scheme/ Mortgage Fraud, Idaho Assurity Financial Services, LLC, was issued an Order to Cease and Desist by the Idaho Department of Finance for sending mailers to Idaho residents entitled “Refund Notice,” suggesting that recipients’ current adjustable-rate mortgage may have been the subject of errors in principal and interest calculations. The mailer indicates that “A Refund Audit Specialist will be able to help you determine your correct principal and interest payment and assist you in collecting any refund that you …

Read More...]]> 2008-05-09T10:56:00Z http://www.mortgagefraudblog.com/index.php/weblog/virigina_man_pleads_guilty_to_mortgage_fraud/ Mortgage Fraud John Andreas Tsiaoushis, 40, Alexandria, Virginia, pled guilty to a two-count information charging him with mail fraud affecting a financial institution and giving false testimony at a hearing in the United States Bankruptcy Court. Tsiaoushis faces a maximum penalty of 30 years in prison, 5 years supervised release, and a fine of approximately $7,600,000 when he is sentenced on July 18, 2008. As part of the guilty plea, Tsiaoushis agreed to the entry …

Read More...]]> 2008-05-08T15:15:00Z http://www.mortgagefraudblog.com/index.php/weblog/new_yorkers_net_2_years_for_loan_misreps/ Mortgage Fraud, New York Matthew J. Kupic, 38, and Francis Thomas Disonell, 38, both of Clifton Park, New York, were sentenced before the Honorable Gary L. Sharpe in United States District Court in Albany, N.Y., for their participation in a mortgage and tax fraud scheme. Both defendants were sentenced to a term of imprisonment of 24 months. Judge Sharpe further ordered the defendants to pay restitution in the amount of $887,311.57 to the victim banks, and ordered that …

Read More...]]> 2008-05-08T12:17:00Z http://www.mortgagefraudblog.com/index.php/weblog/2_guilty_pleas_in_straw_buyer_scheme/ Mortgage Fraud, Ohio Aryeh Schottenstein, 34, Columbus, Ohio, pleaded guilty to one count of conspiracy to commit wire fraud and one count of money laundering, and Shawn A. Griffin, 38, also of Columbus, Ohio, pleaded guilty to two counts of conspiracy to commit wire fraud and one count of money laundering.