Mortgage Fraud Blog - Displaying items by tag: Oregon

Businessman Admits Guilt in Loan Financing Scam

John Partin, 67, appeared before U.S. District Judge Michael R. Hogan on April 23, 20102, and pleaded guilty to conspiracy to commit bank fraud and loan application fraud.

Friday, February 24 2012 07:38

Developer Admits Submitting False Documents to Lenders

Tyler Fitzsimons, 33, appeared before U.S. District Judge Michael R. Hogan and pleaded guilty to a variety of mortgage and loan fraud charges arising out of the collapse of his company, Desert Sun Development (DSD).

Tuesday, October 11 2011 00:45

Loan Modification Company Sued for Violations

NOD Consultants, LLC, California, is the subject of lawsuit accusing it of illegally collecting about $90,000 in loan modification fees from nearly three dozen Oregon homeowners and then refusing to provide refunds after the company failed to obtain promised loan modifications.

Thursday, October 13 2011 00:44

Loan Mod Company Ordered to Pay $130,000

American Team Mortgage, Inc., dba American Mortgage Relief, and Steve Hufstedler, are banned from foreclosure counseling, credit/debt counseling, loan modification or mortgage origination in Oregon.

Wednesday, June 15 2011 06:19

Real Estate Agent Sentenced for Facilitating Kickback

Jennifer Venable, 29, Beaverton, Oregon, was sentenced by the Honorable Robert E. Jones of the United States District Court on June 8, 2011, to 5 years probation and ordered to pay $15,000 in restitution relative to her January 13, 2011 wire fraud conviction. In 2006, Venable was working as a real estate agent for John L. Scott

Friday, April 01 2011 01:09

California Man Admits $18M Real Estate Ponzi Scheme

Louis J. Borstelmann, 68, Thousand Oaks, California, pleaded guilty to mail fraud and money laundering in connection with a Ponzi scheme that reached Florence, Oregon. The defendant admitted to soliciting approximately 100 individuals, a majority of whom are residents of Florence, Oregon, to invest in real estate through his company, Sunburst Associates, Inc., a California

Tuesday, January 04 2011 07:32

Real Estate Agent Admits Role in Fraudulent Transaction

Chael Sonnen, 33, West Linn, Oregon, pled guilty to one count of money laundering in federal court before the Honorable Michael Mosman. Sonnen, a licensed real estate agent in the State of Oregon, admitted that a financial transaction he conducted was designed to conceal or disguise the ownership and control of the proceeds of wire fraud. The scheme involved

Wednesday, January 05 2011 01:53

Mortgage Broker Convicted of Bank and Wire Fraud

Beniamin Lucian Lucescu, 41, Portland, Oregon, was convicted of bank fraud and wire fraud following a three-day jury trial. Lucescu is scheduled to appear before U.S. District Judge Michael W. Mosman on February 11, 2011 for sentencing on these charges. Lucescu is a licensed mortgage loan broker and owner of

Monday, December 06 2010 01:59

Broker Found Guilty of Bank and Wire Fraud

Beniamin Lucian Lucescu, 41, Portland, Oregon, was convicted of the crimes of bank fraud and wire fraud following a three-day jury trial. Lucescu is scheduled to appear before U.S. District Judge Michael W. Mosman on February 11, 2011, for sentencing on these charges. Lucescu is a licensed mortgage loan broker and owner of

Tuesday, November 30 2010 06:32

Lawsuit Accuses Loan Modification Company of Cheating Homeowners

American Team Mortgage, Inc., based out of California, has been sued for repeatedly violating Oregon's Unfair Trade Practices Act and Mortgage Rescue Fraud Protection Act.The lawsuit filed in Marion County, Oregon, Circuit Court alleges that since January 2009, American Team Mortgage charged 32 homeowners a total of more than $80,000 in fees for mortgage loan

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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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