Mortgage Fraud Blog - Displaying items by tag: New Mexico

Man Admits Real Estate Investment Ponzi Scheme

Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.

Tuesday, October 25 2011 00:25

Man Pleads Guilty to New Mexico Mortgage Fraud Scam

Manuel Garcia, 69, who now resides in Los Angeles, California, entered a guilty plea to an indictment charging him with six counts of bank fraud.

Tuesday, September 20 2011 05:44

Real Estate Agent Sent to Prison for Defrauding Lenders

Kevin Powers, 51, Albuquerque, New Mexico, a real estate agent, was sentenced in United States District Court to a 56-month term of imprisonment for his conviction on 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions.

Monday, August 22 2011 00:22

Real Estate Developer Admits Fraud

Vincent J. Garcia, 59, Albuquerque, New Mexico, a real estate developer, pleaded guilty to committing bank fraud in the amount of $365,677 under a plea agreement with the United States Attorney’s Office.

Tuesday, May 10 2011 01:08

Seller Sued for Allegedly Stealing Down Payments

Fernando Chavez-Guillen, has been sued for an apparent scam being perpetrated against mobile home buyers in Albuquerque, New Mexico, who paid a deposit or made a down payment and then never obtained delivery or received their deposit money back. Chavez advertises the sale of mobile homes in a local Spanish-language newspaper, El Semanario, and then arranges to meet

Monday, February 28 2011 01:46

Man Indicted for Real Estate Ponzi Scheme

Douglas F. Vaughan, 63, has been indicted by a federal grand jury on charges stemming from a fraudulent investment operation that was actually a multi-million-dollar Ponzi scheme. The 30-count indictment generally alleges that, between 2005 and 2010, Vaughan operated a promissory note investment program, which he marketed

Thursday, April 08 2010 08:37

Woman Sentenced For Mortgage Fraud

Katherine Vidaurri (aka Katherine Pulliam, Katherine Padilla), 51, Albuquerque, New Mexico, has been sentenced to two years in the New Mexico Department of Corrections by Bernalillo County District Court Judge Reed Shepard on Mortgage Fraud, Forgery, and Racketeering charges. Vidaurri will also be on probation for five years with

Friday, March 26 2010 01:29

New Mexico Real Estate Magnate Charged in $80 Million Ponzi Scheme

Douglas F. Vaughan, and his company, The Vaughan Company Realtors, New Mexico, have had charges filed against them and have been ordered to halt their $80 million Ponzi scheme. The complaint, filed in federal court in Albuquerque, New Mexico, alleges that

Thursday, November 12 2009 01:38

Repeat Offender Admits to Fraud & Racketeering

Katherine Vidaurri (aka Katherine Pulliam, Katherine Padilla), 51, Albuquerque, New Mexico, pleaded guilty to Mortgage Fraud, Forgery and Racketeering charges. Second Judicial District Court Judge Reed Sheppard accepted

Friday, December 12 2008 04:52

Vidaurri Indictment and Arrest

Katherine Vidaurri (a.k.a. Katherine Pullim, Katherine Padilla), 50, was indicted by a Bernalillo County, New Mexico grand jury on multiple counts of Mortgage Fraud and Forgery, and single counts of Racketeering and Conspiracy to Commit Racketeering.

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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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