Archives For Minnesota

Eric Jason Sunsdahl, 34, Rosemount, Minnesota has been charged with seven counts of bank fraud, seven counts of false statements on loan applications and one count of conspiracy to commit wire fraud. Sunsdahl‘s indictment alleges that from 2004 through 2007, he fraudulently obtained mortgages and funds from Bremer Bank by submitting false and fraudulent loan applications and

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Inyang Amos Inyang, 43, Bloomington, Minnesota was Indicted in federal court in connection with a scheme to defraud mortgage lenders located throughout the United States and to obtain money from those lenders through fraudulent pretenses. Continue Reading...

Angelo Mancini, III, 41, St. Paul, Minnesota, has been charged with one count of wire fraud. Mancini’s Indictment alleges that on Sept. 19, 2006, in a scheme to obtain more than $163,000, applied for a loan for the re-finance of his residence, which he was not financially qualified to obtain.

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Jonathan Edward Helgason, Chisago, Minnesota, and Thomas Joseph Balko, Rogers, Minnesota, were sentenced to eight and seven years respectively, according to media reports.  As previously Continue Reading...

Kuntee Singramdoo, Lakeville, Minnesota, a title agent and notary was summarily suspended by the Minnesota Department of Commerce.  The Commerce Department charged her with embezzling over $230,000 in real estate closing proceeds and using the money to pay off her own creditors or her family members’ creditors. Singramdoo was an independent closer hired by Continue Reading...

IMC Financial Services, LLC (“IMC”) and American Financial Corp. d/b/a National Foreclosure Counseling Services (“NFC”), so-called mortgage “foreclosure consultants”, both with offices in Florida, have been sued by Minnesota Attorney General Lori Swanson alleging that they

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John M. Rubischko, 37, Eagan, Minnesota, was sentenced in federal court on counts of wire fraud and aggravated identity theft in connection with a mortgage fraud scheme resulting in losses of more than $1 million. United States District Court Judge Donovan Frank sentenced Rubischko to 87 months in prison and five years supervised release on one count of wire fraud and one count of

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Eric R. Krahnke, 50, Andover, Minnesota, and Michael I. Striker, 55, Minnetonka, Minnesota, were each charged August 19, 2008, in Minneapolis, Minnesota, on 21 counts of bank fraud, as well as one count of conspiracy to commit bank fraud and one count of money laundering.

Their indictment

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Donald Todd Yeager, 41, Ardamore, Oklahoma, a former appraiser who provided misleading and inflated appraisals of the homes to lenders in a mortgage fraud scheme involving approximately 200 residences and approximately $100 million in loan proceeds, was sentenced to 15 months and three years supervised release on one count of honest services fraud. Yeager was sentenced by United States

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Christopher Erik Septon, 35, Big Lake, Minnesota, was sentenced to two years in prison. United States District Court Judge Joan Ericksen also sentenced Septon to three years supervised release and ordered him to pay more than $2.3 million in joint restitution with the other defendants.

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