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Local Mortgage Fraud News Stories
Illegal Flipping Schemes, Appraisal Fraud and other Mortgage Fraud

January 2013 Archive
Last Updated Monday, April 01, 2013 03:01 PM Texas Time

Mortgage Fraud Wire

Local, State and Federal Government Announcements

Mortgage Fraud, Tax Scheme Lead to 9-Year Sentence
CLEVELAND -- A former Youngstown man who promoted tax-and mortgage-fraud conspiracy schemes has been sentenced to nine years in federal prison and ordered to make $544,582 in restitution.

$3.6 Million Mortgage Fraud Case Lands Nightclub Owner in Prison
The former owner of a popular Downtown nightclub in Columbus, Ohio, was sentenced this morning to 2 1/2 years in prison and ordered to pay $1.9 million in restitution for his involvement in a $3.6 million mortgage-fraud case.

5 Ordered to Pay $10 Million for Mortgage Fraud
PANAMA CITY, Fla. -- More than five years after bilking victims out of their credit scores and banks out of millions of dollars, five men and women convicted of fraud have been ordered to pay the money back.

Former State Supreme Court Justice Admits to Mortgage Fraud
Retired Michigan Supreme Court Justice Diane Hathaway pleaded guilty to felony bank fraud today and is expected to be sentenced May 28.

Lawyer Admits Role in Mortgage Fraud
A Plum, Pa., attorney has pleaded guilty to operating a complex, $1.7 million fraud scheme whose victims included two of her relatives.

Decade in Prison for Former Bank Executive
A former Pierce Commercial Bank senior vice president was sentenced Monday to 10 years in prison for a mortgage-fraud scheme that brought down the Tacoma bank, marking the culmination of a major criminal investigation that won convictions of nine other former bank employees, officials said.

Sentencing in 4-State, $20 Million Mortgage Fraud Scheme
PENSACOLA, Fla. -- Lonett Rochell Williams, 47, Woodland Hills, Calif., was sentenced to 10 years in prison this week for conspiracy to commit mail fraud, conspiracy to commit money laundering, and six substantive counts of mail fraud, federal prosecutors wrote in a news release.

Accountant Indicted in $20 Million Mortgage Fraud Case
A Montgomery County, Pa., man has been indicted in what federal authorities on Thursday termed a massive mortgage-fraud conspiracy involving more than $20 million.

Indictment Unsealed in $4.5 Million Mortgage Fraud Case
A Riva, Md., woman is among six people indicted last week by a federal grand jury for conspiracy in a $4.5 million mortgage fraud scheme, the U.S. attorney for the District of Maryland announced.

Mortgage Fraud Defendant Gets Prosecutor's Help in Sentencing
NORTH MYRTLE BEACH, S.C. -- Prosecutors have asked a federal judge to reduce the prison sentence for Tommy Hix -- who pleaded guilty in 2010 to mail fraud charges related to the failed Bahama Island condominium project here -- saying his cooperation has been vital in their indictment and upcoming prosecution of the alleged mastermind behind the condo scam that cost investors nearly $5.5 million.

Guilty Plea for Banker, Developer in Mortgage Fraud Case
EASLEY, S.C. -- A local banker and developer pled guilty to conspiracy to commit bank fraud on Wednesday after a scandal that spanned from 2006-2008.

5 Arrested in SoCal Mortgage Fraud Scheme
Federal authorities arrested five people Wednesday who were allegedly involved in an Orange County-based "builder bailout" mortgage fraud scheme, including one defendant from Huntington Beach, according to a press release by the Department of Justice.

3 Women Sentenced for Mortgage Fraud at Bank
The fallout from the Pierce Commercial Bank mortgage fraud case continued in U.S. District Court in Tacoma this week.

Not Guilty Plea in HELOC Mortgage Fraud Scheme
PORTLAND, Maine -- The trial of a 44-year-old Rockland woman accused of stealing more than $400,000 from Rockland Savings Bank is scheduled to begin in March.

Guilty Plea Follows 9 Sentencings for Idaho Family
Season Heather Hymas, 27, pleaded guilty Monday in Boise federal court to theft from a financial institution.

$30 Million in Losses from Mortgage Fraud Scheme Operated by Lawyer
A Las Vegas lawyer pleaded guilty Monday to his involvement in a mortgage fraud scheme that cost banks and other federally insured institutions $30 million, Nevada's U.S. Attorney Daniel G. Bogden announced today.

Title Agent Hid Kickbacks from Lenders in $7 Million Scheme
A Hilliard, Ohio, title agent helped put together real-estate deals that defrauded lenders out of $7 million as part of a conspiracy with real-estate agents and mortgage brokers, an assistant U.S. attorney said yesterday in U.S. District Court.

Family Used by Bank Employee to Execute HELOC Mortgage Fraud
PORTLAND, Maine -- A 44-year-old Rockland woman was indicted Wednesday by a federal grand jury on a charge that she defrauded the bank she worked at for more than $400,000.

Loan Officer Admits Mortgage Fraud
A former Tucson loan officer pleaded guilty to wire fraud and money laundering Monday in U.S. District Court and is facing between 18 and 24 months in federal prison.

4 Year Sentence for Leader of Hawaii Mortgage Fraud Scheme
Estrellita "Esther" Garo Miguel is going to prison for about four years for running the largest mortgage fraud scheme in Hawaii.

1 Year for California City Mortgage Fraud
The final defendant in a massive mortgage fraud scheme learned her fate Monday morning.

$39 Million Mortgage Fraud Scheme Yields 15-Year Sentence
A New York man was sentenced to 15 years in prison on Thursday after pleading guilty to mail and wire fraud involving a Fort Lauderdale condominium development, U.S. Attorney Wifredo A. Ferrer announced Friday.

Former Chamber of Commerce President Admits Lying for $0.6 Million Mortgage
Former Filipino Chamber of Commerce President Stephen Callo pleaded guilty in U.S. District Court today to wire fraud for lying about his income to secure a $553,501 loan to buy a Makakilo home in 2006.

Former Mortgage Title Agent Sentenced In Multi-Million Dollar Mortgage Fraud Scheme At Jade Apartment Complex In Miami
Paralegal Sentenced to 30 Months For Role in Property Mortgage Scam
Former Twin Lakes Man Sentenced to Prison for Role in Mortgage Fraud Scheme
New York Man Sentenced for Cape Cod Property Fraud Scheme
Connecticut Resident Charged with Orchestrating Extensive Mortgage Fraud Scheme
Four Charged in $15 Million Mortgage Fraud Scheme
Steven Hinz Sentenced to Nine Years in Prison, Ordered to Pay More Than $500,000
Defendants Sentenced To Prison And Ordered To Pay $8.5 Million To Victims Of Mortgagte-Fraud Scheme
Federal Jury Finds Mortgage Broker Guilty in $100 Million Fraudulent Loans Scheme
Former Michigan Supreme Court Justice Diane Marie Hathaway Pleads Guilty to Bank Fraud
Former Needham Attorney Sentenced in Connection with Mortgage Fraud
Johnson County Man Sentenced on Bank Fraud Charges
Suburban Chicago Lawyer Who Hosts National Radio Talk Show Indicted in $9.7 Million Mortgage Fraud Schemes
Former Maryland Loan Officer Pleads Guilty to Mortgage Fraud and Identity Theft
Former Bank Vice President Sentenced to 10 Years in Prison for Mortgage Fraud Scheme
Attorney Pleads Guilty in Mortgage Fraud Scheme
Sarasota Man Sentenced To Five Years In Federal Prison For Sophisticated Mortgage Fraud Scheme
Guilty Plea in Multi-Million-Dollar Investment Fraud Scheme
Lansdale Man Charged In Multi-Million Dollar Mortgage Fraud Scheme
Ten Charged in Superseding Indictment in Timeshare Mortgage Fraud Scheme
Owner Of Liberty Mortgage Company In Elk Grove Convicted In Multimillion Dollar Mortgage Fraud Scheme
Hilliard Couple Plead Guilty in $7 Million Mortgage Fraud Scheme
Hillsborough County Real Estate Director Pleads Guilty to Mortgage Fraud
Wickersham Pleads To $45 Million Mortgage Fraud Conspiracy And Tax Crimes
Upstate Banker And Developer Plead Guilty In Mortgage Fraud Case
Dublin Man Pleads Guilty in Mortgage Fraud Scheme
Brooklyn Real Estate Developer Charged in $2 Million Mortgage Fraud Scheme
Former Treasure Valley Woman Pleads Guilty to Theft from Financial Institution
Montgomery County Man Sentenced to Prison in Mortgage Fraud Conspiracy
Mortgage Fraud Co-Schemers Sentenced in Case that Crippled Pierce Commercial Bank
Six Defendants Indicted in $4.5 Million Mortgage Fraud Scheme
Five Arrested In Orange County-Based 'Builder Bailout' Mortgage Fraud Scheme That Fraudulently Purchased Condos
Mortgage Broker Sentenced for Federal Offenses
Jury Convicts Kansas Man Of Mortgage Fraud
Wabaunsee County Woman Pleads Guilty to Mortgage Fraud
Woman Pleads Guilty To Immigration Document Fraud
Trio From Northeast Ohio Indicted For $1.4 Million Fraud Conspiracy
Attorney Arrested in Connection with $30 Million Mortgage Fraud Scheme
Defendant Sentenced to 15 Years in Prison for $39 Million Mortgage Fraud Scheme; Another Defendant Pleads Guilty
Closing Attorney Charged with Wire Fraud in Mortgage Loan Scheme

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