Mortgage Fraud Blog - Displaying items by tag: Title Fraud

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.

Tuesday, March 06 2012 00:32

Man Charged for Misrepresenting Title to Properties

Robert Coyle, Sr., 66, Glassboro, New Jersey, was charged by indictment with four counts of loan fraud for allegedly misrepresenting his title to several properties he pledged to a lender.

Thursday, March 01 2012 00:02

Broker Admits Title and Loan Application Fraud

Nick Park, a/k/a Nochol Park, 46, McLean, Virginia, pleaded guilty to conspiracy to commit bank fraud in connection with a scheme to fraudulently obtain loans wiith resulting losses of at least $1.3 million.

Tuesday, October 18 2011 00:37

California Man Charged with Mortgage Fraud

Hubert Rotteveel, 49, Dixon, California, has been indicted and charged with mail fraud for a mortgage fraud scheme.

Tuesday, August 30 2011 07:09

Arrests Made for Fraudulent Recording of Full Reconveyances

Stephen Andrew Easterly and Emanuel Percival have been arrested for allegedly signing Trustee and Full Reconveyance and Release of Lien Documents as the "Authorized Representatives" of various banks.

Thursday, August 18 2011 20:05

Mortgage Fraudster Sentenced to 17.5 Years in Prison

Kenneth Steward, 45, South Holland, Illinois, was sentenced to 17½ years in federal prison for directing a $35 million mortgage fraud scheme involving more than 120 residences on the city's south side. The scheme caused various lenders and financial institutions to lose approximately $16 million on mortgage loans that were not repaid by the borrowers or fully recovered through subsequent foreclosure sales.

Tuesday, August 16 2011 00:30

3 Plead Guilty to Dream Home Mortgage Scam

Robert Todd McKinney, 42, and his wife Belinda McKinney, 43, pled guilty on August 11, 2011, John Quinn McKinney, 39, pled guilty on August 9, 2011; while his wife, Chamethele McKinney, 36, pled guilty on August 3, 2011, each admitting their participation in a conspiracy to defraud the United States and evade the payment of federal income taxes.

Friday, July 29 2011 00:11

Title Company Owner Admits Diverting Escrow Funds

Michael A. Gmeinwieser, 38, Crofton, Maryland, pleaded guilty to wire fraud in a scheme to divert over $3 million in settlement funds intended to pay off the previous mortgage on the properties to himself and his company.

Wednesday, July 06 2011 01:58

Man Sentenced for Defrauding Lenders

Sabir Moghul, 72, Manchester, Connecticut, was sentenced by Chief United States District Judge Alvin W. Thompson in Hartford, Connecticut, to 36 months of imprisonment, followed by three years of supervised release, for bank fraud and money laundering. According to court documents and statements made in court, in 2005, Moghul applied for two mortgage loans

Tuesday, May 24 2011 06:12

Title / Escrow Agent Pleads Guilty to Mortgage Fraud

Ronald Johannes Sneijder, 48, Herndon, Virginia, a former owner of a title and escrow company based in the District of Columbia, pled guilty to the lead count in a recently filed indictment, bank fraud. As previously reported by Mortgage Fraud Blog, the indictment against

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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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