Archives For Quote

Those are completely false accusations. We’re going to fight them very vigorously.

Francisco Aguirre, member of Montecristo Properties LLC, commenting to a reporter from the Phoenix Business Journal on a Search Warrant Affidavit

A friend of mine approached me about using my credit to help people who were losing their homes. If you’re born into a life of service, this is the kind of stuff that you do.

Pennsylvania State Senator Anthony Williams, explaining his involvement in a foreclosure rescue

“He defrauded lenders, his employers, his clients and his friends during a lengthy period of nearly uninterrupted criminal conduct. As an attorney, he has violated everything that his profession holds sacred and embarrassed us all.”

Assistant U.S. Attorney Brendon Conway, in presentence filings, after bank fraud guilty plea by Pennsylvania lawyer Eric Sobkiewicz

I apologize to the United States and to all of my family

Julio Cesar Concepcion, prior to being sentenced to 7 years in federal prison and ordered to pay over $5 Million in restitution

“You can have whole neighborhoods that are economic wipeouts. Who did it really help? The builder. He got his sale.”

Richard Hagar, national expert on mortgage fraud, explaining the effect of builder bailouts to The Dallas Morning News

“Access to better data means lenders can now make informed decisions. This integration is a perfect marriage of blending appraisal quality scores with appraiser credentials. After all, honest and competent appraisers produce credible appraisal reports. No doubt, this is a winning formula.”

Clearbox Founder and CEO Joan Trice on their partnership with Valligent

Freddie Mac, has not seen a recent spike in occupancy fraud, “but it’s always been a consistent misrepresentation in loan files and we’re concerned about it”

Jenny Brawley, Freddie Mac fraud investigator, comment to the Washington Post “A Little Lie on a Mortgage Application Can Cost You Big”

“This sentence sends a very strong message that scammers operating in foreign countries will be held accountable for the laws they break in the United States.  The Justice Department is committed to bringing these international fraudsters to justice.”

Principal Deputy Assistant Attorney General Benjamin C. Mizer of the Justice Department’s Civil Division, regarding the extradition from Jamaica and prosecution of Damion Bryan Barrett

“[Mortgage Fraud] has the potential to be an epidemic, we think we can prevent a problem that could have as much impact as the S&L crisis”


Assistant FBI Director Chris Swecker to CNN reporter Terry Frieden, September 17, 2004

“This case is another sad reminder that so-called investment gurus who make promises of big guaranteed returns should send up red flags.  If something seems too good to be true, it usually is.”

Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio. Commenting on the indictment of Northeast Ohio residents Thomas Abdallah, Mark M. George, and Jeffrey L. Gainer on allegations they conspired to defraud about 70 investors of approximately $17 Million Dollars.