|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to StoryLink to Story |
| Adam Jay Hendren |
United States |
United States District Court for the District of Alaska |
$8,503 |
Alaskan bank officer sentenced to five years probation and 250 hours of community service for theft, embezzlement, and misapplication of funds by a bank officer. Defendant stole Alaska Airline miles from the bank’s corporate mileage account. |
In re Hendren |
n/a |
4/30/10 |
http://oldwww.mortgagedaily.com/LitigationCriminal082010.asp |
| Philip Pestrichello |
United States |
U.S. District Court for the Southern District of New York |
$1,000,000 |
Defendant pled guilty to operating a home-based mortgage postcard business that defrauded consumers out of over a million dollars. |
In re Pestrichello |
n/a |
7/13/10 |
http://oldwww.mortgagedaily.com/LitigationCriminal082010.asp |
| Norton Helton |
United States of America |
U.S. District Court for the North District of Illinois Eastern Division |
n/a |
Attorney found guilty of taking money from distressed borrowers in a foreclosure scam. |
United States of America v. Norton Helton & Charles White |
No. 06 CR 763 |
7/13/10 |
http://oldwww.mortgagedaily.com/LitigationForeclosureFirms092210.asp |
| John Gilbert Mendoza |
People of the State of Hawaii |
U.S. District Court for the District of Hawaii |
$883,389 |
Defendant was sentenced to six years in prison in connection with a mortgage fraud scheme involving two properties in Hawaii. |
n/a |
n/a |
7/30/10 |
http://oldwww.mortgagedaily.com/LitigationForeclosureFirms092210.asp |
| Kimberlee O. McAbee |
United States |
United States District Court for the District of South Carolina |
$520,000 |
Loan officer at Arthur State Bank in Woodruff, SC sentenced to 24 months in jail for embezzling bank funds. |
In re McAbee |
n/a |
8/16/10 |
http://oldwww.mortgagedaily.com/LitigationCriminal082010.asp |
| Roberta L. Stutzman |
United States |
U.S. District Court for the Eastern District of Pennsylvania |
$4,414,538 |
Former VP of loan accounting at National Penn Bank sentenced to 75 months in prison after pleading guilty to bank fraud, bank embezzlement, and tax fraud. |
United States v. Stutzman |
n/a |
7/14/10 |
http://oldwww.mortgagedaily.com/LitigationCriminal082010.asp |
| Dean Juhl; Charles Brandt; Flora Carmona; Jessica Feliciano; JC Distinguished Finance |
n/a |
Weld District Court (Colorado) |
$629,200 |
Default judgment entered against defendants for predatory lending practices. |
n/a |
n/a |
7/16/10 |
http://oldwww.mortgagedaily.com/MctLawsuitDiscrimination071710.asp |
| Lynda S. Steele |
n/a |
n/a |
n/a |
Former loan officer who was successfully sued by group of investors is now facing criminal charges for lying to investors to obtain funding and then using the funds for purposes other than the proposed investment. |
n/a |
n/a |
7/29/10 |
http://oldwww.mortgagedaily.com/LitigationInvestor091310.asp |
| Thomas Priore; ICP Asset Management, LLC; ICP Securities, LLC; Institutional Credit Partners, LLC |
Securities and Exchange Commission |
United States District Court for the Southern District of New York |
$11,000,000,000 |
SEC sued collateral management company and its founder for fraudulently managing an $11B pool of mortgage-backed CDOs. |
SEC v. Priore |
n/a |
6/21/10 |
http://oldwww.mortgagedaily.com/MbsLitigation072610.asp |
| Global Equity Solutions, Hope Now Financial Services Corp. |
Florida Office of Financial Regulation |
na |
$298,750 |
Search warrant executed. 250 clients paid at least $1,195 each. |
na |
na |
na |
oldwww.mortgagedaily.com/LitigationModFirms092810.asp |
| Capital Loan Specialists, Inc. |
U.S. Bank, N.A. |
Court of Appeals of California, Second District, Division Two |
$495,000 |
Defendant lost appeal to overturn judgment awarding U.S. Bank $495,000 indemnification on fraudulent loan. |
U.S. Bank N.A. v. Capital Loan Specialists, Inc. |
No. B215771 |
6/30/10 |
http://oldwww.mortgagedaily.com/MbsLitigation072610.asp |
| American Mortgage Counseling, Santiago Pineda |
Denver County |
n/a |
n/a |
Defendant Pineda charged with multiple counts of thefts and accused of stealing thousands of dollars from delinquent borrowers as he promised to refinance and renegotiate their mortgages and stop foreclosure. |
n/a |
n/a |
n/a |
oldwww.mortgagedaily.com/LitigationModFirms092810.asp |
| Lee Farkas |
United States of America |
U.S. District Court for the Eastern District of Virginia |
n/a |
Not guilty plea for former CEO of mortgage lender, which failed, who was indicted in a multi-billion dollar fraud scheme involving TARP funds. |
United States of America v. Farkas |
5:10-mj-1028-GRJ |
7/16/10 |
http://oldwww.mortgagedaily.com/LitigationCriminal082010.asp, http://oldwww.mortgagedaily.com/SecondaryLitigation070810.asp |
| Leroy Hayden |
United States of America |
U.S. District Court for the District of New Jersey (Newark) |
$136,000,000 |
Defendant pled guilty to wire fraud charges in connection with a mortgage fraud scheme. |
USA v. Hayden |
n/a |
5/13/10 |
http://oldwww.mortgagedaily.com/SecondaryLitigation070810.asp |
| Eric Koppelman |
United States |
U.S. District Court for the Southern District of New York |
$6,000,000 |
4-year sentence in case where former title closer who allegedly conspired with a mortgage broker to steal funds that were supposed to be used to pay off existing mortgages. |
In re Eric Koppelman and Irshad Ramzan |
n/a |
7/6/10 |
http://oldwww.mortgagedaily.com/LawsuitsTitle083110.asp |
| Irshad Ramzan |
United States |
U.S. District Court for the Southern District of New York |
$6,000,000 |
Former mortgage broker who conspired to steal over $6 million in funds that were supposed to be used to pay off existing mortgages received a seven-year jail sentence. |
In re Eric Koppelman and Irshad Ramzan |
n/a |
6/3/10 |
http://oldwww.mortgagedaily.com/LawsuitsTitle083110.asp |
| na |
Central States Mortgage Corp. |
U.S. Bankruptcy Court |
na |
Trustee investigation finds millions missing. FBI probing individuals. |
In re. Central States Mortgage Corp. |
na |
na |
http://oldwww.mortgagedaily.com/MctCentralStates072910.asp |
