Mortgage Fraud Blog - Displaying items by tag: Straw Buyer

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.

Monday, May 21 2012 00:55

5 Admit Million Dollar Mortgage Fraud Scheme

Peter Kim, 39, Fairfax, Virginia, Bok Hee Lee, 37, South Riding, Virginia, Jai Sek Lee, 50, Ashburn, Virginia, Jai Song, 41, McLean, Virginia, and Erin Cullen, 32, Fairfax, Virginia have each pled guilty to conspiracy to commit wire fraud in conspiring to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Virginia.

Monday, May 14 2012 05:36

Real Estate Agent Pleads Guilty to Straw Buyer Scam

Juan Carlos Rodriguez, 52, Weston, Florida, a real estate agent and mortgage broker, pled guilty before U.S. District Judge Kenneth A. Marra for his participation in a mortgage fraud scheme relating to properties in the Versailles development in Wellington, Florida.

Monday, May 14 2012 05:32

Guilty Plea Entered in $20M Mortgage Fraud Case

Gergawattie "Kamla" Seecharan, 49, Orange County, Florida, pled guilty on May 10, 2012, for her participation in a mortgage fraud scheme.

Thursday, May 10 2012 06:32

12 Indicted for Mortgage Scam Involving 21 Properties

Twelve people have been charged in an alleged mortgage fraud scheme: Ronald Burrell, Crystal Kelly, Nicole Bakker, Jer'me Franklin, Hoover White, James Myers, Raymond Litvin, Duran Brown, Marc Wilson, Montresse Parham, Vernon DuBose, and Wesley Walker III.

Thursday, May 10 2012 00:24

Man Indicted for Defrauding Lenders in Condo Sales Scheme

Jared Mitchell Rothenberger, 43, Minneapolis, Minnesota, was indicted and charged with allegedly defrauding mortgage lenders out of millions of dollars in connection with the sale of condominiums at Chateau Ridge, Burnsville, Minnesota.

Tuesday, May 08 2012 07:35

Mother and Daughter Sentenced for Acting as Straw Buyers

Patricia Smith, 57, and Jamilah Smith, 31, Irvington, N.J., A mother and daughter from New Jersey each were sentenced to 24 months in prison for participating in a scheme involving New Jersey properties that caused mortgage lenders to release more than $1.9 million in loans obtained by fraud.

Monday, May 07 2012 06:38

7 Indicted, Including Police Officer, for Straw Buyer Scheme

Seven defendants, including a man who co-owned a Chicago, Illinois, condominium building, a police officer and two loan officers, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 35 mortgage loans totaling more than $8.8 million from various lenders.

Thursday, May 03 2012 06:09

Mortgage Scam Perpetrated at Height of Financial Crisis Lands Fraudster in Prison for 7 Years

James Delbert McConville, 61, Fremont, California, was sentenced to 93 months in prison, and ordered to pay more than $7 million in restitution for conspiring to commit mail and wire fraud related to approximately 80 fraudulent loan applications secured by real property in Escondido and San Marcos, California.

Monday, April 30 2012 10:37

Former Bank CEO Admits Role in Straw Buyer Scam

Reginald R. Harper, 58, Hammond, Louisiana, pled guilty before U. S. District Judge Nannette Jolivette Brown to one count of conspiracy to commit bank fraud for his role in a straw buyer scam.

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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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