48 Months for 57-Year-Old Woman
NEWPORT NEWS, Va. -- A Chesapeake woman convicted of conspiring to commit mail and wire fraud was sentenced to four years in prison Monday in federal court.
Broker to Spend Decade in Prison
A Daugherty Township man will spend the next decade in federal prison for his role in a mortgage fraud scheme that lasted nearly seven years.
Loan Officer Inflated Income, Faked Appraisal
FLORENCE, S.C. -- A Timmonsville woman was convicted in federal court Thursday on charges of falsifying loan applications.
Wells Fargo is Victim in Indiana Scheme
A 47-year-old Zionsville, Ind., man was sentenced to 30 months in prison by U.S. District Judge Jane E. Magnus-Stinson Wednesday, March 14.
Attorney Admits Role in FHA Fraud Scheme
A New Haven, Conn., lawyer pleaded guilty Tuesday to making a false statement to the U.S. Department of Housing and Urban Development in connection with a real estate closing, the U.S. States Attorney's Office said today in a statement.
$31 Million in Fraud Netted Foreclosure Rescue Operator $11 Million
Anthony J. DeMarco III pleaded guilty on Tuesday to conspiracy and fraud charges connected to a mortgage foreclosure rescue scheme involving $31 million in fraudulent loans on 120 properties, the U.S. Attorney's office in Philadelphia said.
Farm Financed with Fraud
A co-defendant facing allegations of participation in a fraudulent real estate transaction involving Healthy Family Farms testified Monday that he let Sharon Palmer use his name and good credit rating so she could get a loan to buy the farm.
Title Agency Owner Helped Broker Obtain Fraud Loans
The last of three people, accused of running a mortgage fraud scheme in Broward, was charged with four counts of wire fraud on Thursday, according to U.S. Attorney Wifredo A. Ferrer.
3rd Guilty Plea in $11 Million Mortgage Fraud Case
A Lynchburg, Va., man pleaded guilty this morning to submitting a falsified mortgage application as part of an $11 million mortgage fraud scheme in the Smith Mountain Lake area.
Former Countrywide LO Sentenced to 15 Years
A former Countrywide Financial Corp. loan officer has been sentenced to 15 years in federal prison after pleading guilty to charges related to a nearly $40 million mortgage fraud scheme.
Florida Woman Heading to Prison
A Coral Springs woman was sentenced to a year and a day in federal prison Wednesday for her role in a multi-million dollar mortgage fraud scheme, court records show.
Waxhouse Case Yields More Charges
Federal prosecutors in Charlotte, N.C., Tuesday filed charges against another defendant in the long-running mortgage fraud investigation known as Operation Wax House.
6 Charged, 2 Sought in $5.8 million Scheme
Six people were charged with defrauding banks and investors out of $5.8 million in an orchestrated home-buying scheme, police said Monday.
More Crimes Emerge from Russian Crime Ring
A federal mortgage fraud probe that has produced criminal charges against dozens of people in Sacramento's Russian American community is spinning off new white-collar investigations.
Wisconsin Using 10% of Servicer Settlement for Fraud
The state Department of Justice plans to use up to $3 million of the $31.6 million given directly to the state of Wisconsin under the $25 billion multi-state mortgage settlement to identify, investigate and prosecute mortgage and other financial fraud, executive assistant Steve Means said.
3-Year Sentence for Former Florida Cop
A former Plantation, Fla., police officer was sentenced to three years and seven months in federal prison on Friday and ordered to pay close to $3 million in restitution for his role in a South Florida mortgage fraud.
Slumlord Charged With $10 Million in Fraud
A real estate investor once described by tenants as a "millionaire slumlord" was charged Friday with defrauding banks of $10 million in an effort to shore up his rowhouse empire in Kensington and Port Richmond.