Bergin Financial, Inc. filed a civil lawsuit against

First American Title Company

A&S Appraisal Group, Inc.

Lincoln Title Company

Caliba, LLC dba Omicron Development

Aaron Rentals, Ltd.

Brody Rentals, Ltd.

Burlingame Enterprises, Ltd.

Cancun Properties, Ltd.

Daniel Rentals, Ltd.

E&R Rentals, Ltd.

G&G Rentals, Ltd.

Grossman Rentals, Ltd.

H&D Rentals, Ltd.

Jerome Rentals, Ltd.

LBS Realty, Inc.

Lole Rentals, Ltd.

Premier Rentals, Inc.

Seth Rentals, Inc.

Susan Rentals, Ltd.

Z&S Enterprises, Inc.

G&G Realty & Consultant

New Detroit Real Estate Management, LLC

Robert D. Willey, A&S Appraisals

Kevin Bluhm, Lincoln Title

Terry Barnes, Omicron

Roderic Light, Omicron

Mark Shows, New Detroit

Mary Kathryn Decuir, real estate broker, G&G

Hyman Stollman, associated with various named entities

Barbara Stollman, associated with various named entities

Alvin Weathersby, borrower

Bilal Muhammad, borrower

Carl Jones, borrower

Charles Wilson, borrower

Dion Williams, borrower

Janet Howard, borrower

Marlon Wilson, borrower

Michael Richardson, borrower

Paul Durnik, borrower

Rosemarie Nance, borrower

Shawn Wesley, borrower

Stevie Green, borrower

Valeria Springer, borrower

Willie Flowers, borrower

The complaint alleges a mortgage scheme in which Bergin funded 63 mortgages in Detroit, Michigan. The scheme is alleged to have involved inflated appraisals, fraudulent loan applications, asset verification documents and credit verification documents.

According to the complaint, the Stollmans or their businesses agreed to provide 90 or more properties to Omicron to sell to borrowers for inflated amounts. The Stollmans or their businesses would receive $20,000 of the proceeds per property. The borrowers were allegedly offered a portion of the loan proceeds and Omicron agreed to make the payments, collect rents and maintain the properties. The sales to the borrower were done as simultaneous closes with the Stollman entities transferring title to Omicron and Omicron transferring title to the borrower. The scheme is alleged to have involved at least $2.8M in loans.