Mortgage Fraud Blog - Displaying items by tag: Escrow Fraud

Title Agent Arrested for Failing to Pay Off Prior Mortgage

Marie L. Girard, title agent, has been arrested for misappropriating $584,000 from an escrow account intended for paying off a prior mortgage.

Friday, April 27 2012 05:58

Broker Gets 4 Years Behind Bars for Stealing Closing Funds

Jean Teresa Hoffert, 60, Emmetsburg, Iowa, a real estate broker who stole mortgage loan proceeds received during real estate closings, was sentenced on April 25, 2012, to serve more than four years in federal prison.

Wednesday, April 25 2012 07:40

Woman Admits Stealing Escrow Funds

Linda Irene Rovetto, 69, Lake County, Florida, pled guilty in connection with her participation in a bank fraud conspiracy scheme where she converted and misdirected more than $3.5 million of real estate escrow funds.

Monday, April 09 2012 09:36

Title Agent Sentenced for Stealing Escrow Funds

Collette Snyder, 42, Timonium, Maryland, was sentenced to one year and one day in prison, followed by one year of supervised release, for stealing closing funds from Maple Leaf Title.

Friday, March 30 2012 06:23

Disbarred Lawyer Arrested for Misappropriating Closing Funds

Neal Landers, 45, Duluth, Georgia was arrested on federal charges that Landers stole money from his clients after acting as the closing attorney for their real estate transactions.

Friday, March 30 2012 05:59

Title Company Owner Jailed for Mortgage Fraud

James Kevin Hughes, 53, Crownsville, Maryland, was sentenced by U.S. District Judge William N. Nickerson to 18 months in prison followed by three years of supervised release for wire fraud arising from a scheme to defraud lenders and a title insurance company of approximately $3.1 million.

Monday, March 26 2012 09:01

Real Estate Attorney Admits Stealing Closing Funds

James Boyd Douglas, Jr., who previously practiced law in Lee County, Alabama, pled guilty to engaging in a multimillion-dollar mortgage fraud scheme.

Monday, March 12 2012 05:51

Title Agent Sentenced for Failing to Pay Off Mortgages

Gary Pierce, 44, Edgewater, Maryland, was sentenced to six years in prison, followed by three years of supervised release, for conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients' closings on 17 Maryland properties.

Wednesday, March 07 2012 08:51

Fraudster Guilty of Straw Buyer, Double Escrow Scam

Brett Depue, 38, Gilbert, Arizona, following a seven-day jury trial, was convicted of conspiracy and wire fraud charges for his involvement in a mortgage fraud scheme involving straw buyers and false mortgage loan applications.

Tuesday, January 17 2012 00:59

Closing Attorney Sentenced for Improper Distributions

William Helbley, Poland, Ohio, has been sentenced for his role in a scheme whereby lenders were induced to approve and fund loans based on the fraudulent loan applications. Hebley, a title agent, assisted the ringleader in receiving thousands of dollars at closing from the mortgage proceeds.

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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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