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Mortgage and Fraud and the Law, Oh My!
Displaying items by tag: Down Payment Fraud
Wednesday, May 23 2012 06:10
Fraudsters Convicted of Straw Buyer Scheme
Jerry Kerley, 58, Kodak, Tennessee, and Jeffrey Whaley, 48, of Sevierville, Tennessee, were convicted by a jury in U.S. Distict Court, Knoxville, of all counts in the indictment, including wire fraud, bank fraud, money laundering and conspiracy to commit wire fraud and bank fraud.
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.
Wednesday, May 09 2012 06:00
Loan Officer Indicted for Submitting False Loan Application
Sergio Martinez, 35, Tucson, Arizona, is the subject of an indictment, which was returned by a federal grand jury on March 29, 2012, and now unsealed, which charges the former loan officer with bank fraud, false statement to influence a financial institution, wire fraud, and conspiracy to commit wire fraud.
Thursday, March 29 2012 00:57
Lender Loses Approval to Originate FHA Loans
AmericaHomeKey, Inc. (AHK), Dallas, Texas, has immediately and premanently lost its approval granted to it by U.S. Department of Housing and Urban Development to originate and underwrite new mortgages insured by the Federal Housing Administration (FHA) for repeated and serious violations of FHA requirements.
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.
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.
Friday, March 16 2012 06:29
Executive Sentenced for Sophisticated Mortgage Scam
Nicole G. Hathaway, 34, New Kent, Virginia, former President of Mortgage Solutions II, was sentenced to 33 months in prison for her involvement in a two-year mortgage loan fraud scheme.
Monday, March 05 2012 08:22
2 More Arrested for Submitting False Loan Applications
Roger Woodson and Jacques Kelly were arrested on federal charges related to their alleged participation in two separate mortgage fraud schemes involving the purchase of numerous residential properties in New Haven, Connecticut.
Thursday, February 23 2012 00:02
California Man Sentenced for Downpayment Fraud
Gabriel Viramontes, 49, Elk Grove, California, was sentenced by United States District Judge Edward J. Garcia to four years and nine months in prison and ordered to pay restitution to his victims for a mortgage fraud scheme.
Wednesday, February 22 2012 09:40
Charges Filed for Downpayment Fraud
Phillip L. Weaver, 49, Kenton, Ohio, has been charged via criminal Information with conspiracy to commit mortgage fraud.
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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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