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

June 2012 Archive
Last Updated Tuesday, October 09, 2012 09:48 AM Texas Time

Mortgage Fraud Wire

Local, State and Federal Government Announcements

Fraudulent FHA Loans at Center of Miami Case
Alejandro "Alex" Curbelo, a 32-year-old Miami man, was sentenced in federal court in Miami to 54 months in prison and ordered to pay $9.2 million in restitution to the U.S. Department of Housing and Urban Development for his involvement in a mortgage-fraud scheme.

4-Year Sentence for Ohio State Trooper
COLUMBUS –Benjamin W. Richardson, 47, of Powell, and a former Ohio State Highway Patrol trooper, was sentenced in U.S. District Court to a total of 50 months in prison for participating in a mortgage fraud conspiracy, committing bankruptcy fraud, and tampering with a witness in a federal investigation. He was also ordered to pay restitution of $617,600 to lenders he deceived through the mortgage fraud.

CA Firm's Owners, LOs Plead Guilty to Mortgage Fraud
Five people with ties to a Hayward, Calif., mortgage brokerage company pleaded guilty in federal court to wire fraud, conspiracy to commit wire fraud and filling out false statements, authorities announced Friday.

$14 Million Mortgage Fraud Case Yields Guilty Plea
An Eagan man pleaded guilty Wednesday to a mail fraud charge that was part of a mortgage scandal at the Cloud 9 Sky Flats condo development in Minnetonka, Minn.

Attorney, Broker & Realtor Among 8 Charged
Federal prosecutors charged eight Miami-Dade residents in a multi-million dollar mortgage fraud scheme that spanned November 2004 to September 2009 at Jade, a luxury downtown Miami condominium.

7 IDs Earns Woman 5 Years
An Annapolis, Md., woman was sentenced to five years in prison Monday for using false identities to defraud banks, Social Security and multiple insurers of $2.6 million over a three-year span, federal prosecutors said.

Former WV Appraisal Official Pleads Guilty to Appraisal Fraud
CHARLESTON, W.Va. -- A real estate appraiser who once held an appointed position in West Virginia state government faces up to 30 years in federal prison for falsifying appraisal records in North Carolina.

Foreclosure Rescue Scheme Used Mortgage Fraud to Strip Equity
A Chesapeake, Va., man was sentenced to nearly 3 years in prison for his role in a foreclosure rescue scheme. Philip Villasis, 41, received the sentence after pleading guilty to conspiracy to commit wire fraud earlier this year.

Attorney in $15 Million Mortgage Fraud Case Jailed for Bankruptcy Fraud
Charlotte, N.C., real estate lawyer Victoria Sprouse pleaded not guilty to eight charges relating to bankruptcy fraud Friday morning, and was ordered to stay in jail until her trial by the judge, who described the charges as "breathtaking acts of deception by a trained lawyer."

Title Company President Headed for Prison
A Parkland, Fla., woman was ordered Friday to pay nearly $6.3 million in restitution and serve more than five years in prison for her role in two separate mortgage fraud schemes in Broward and Palm Beach counties.

Salesman Admits to Fraud, Sham Improvements in 2 Home Purchases
Lemuel Thornton, 36, of Las Vegas, admitted late Wednesday to conspiring to defraud mortgage lenders by fabricating loan documents to buy and improve two homes in Riverside County, Calif., according to a statement released Thursday by the Internal Revenue Service.

Developer Admits to Deceiving Countrywide on 2 Mortgages
SCHENECTADY, N.Y. -- A former Schenectady County builder pleaded guilty Thursday to charges of attempted second-degree grand larceny, a felony, stemming from a mortgage-fraud scheme in 2006 and 2007, state Attorney General Eric T. Schneiderman said.

Guilty Plea in Fraud Case Involving 90 Oahu Properties
The woman who the government says is the mastermind of the largest mortgage fraud scheme uncovered in Hawaii pleaded guilty Tuesday in federal court.

$39 Million in Mortgage Fraud Leads to 8 Indictments
Eight people have been indicted in a $39 million mortgage fraud scheme, according to U.S. Attorney Wifredo A. Ferrer.

Woman Pleads Guilty in $11 Million Mortgage Fraud Case
A former employee of a Bedford County, Va., company pleaded guilty Thursday in federal court in Lynchburg to a tax charge that stems from a mortgage fraud scheme.

Ohio Developer Charged in Florida Mortgage Fraud
CALLAWAY, Fla. -- An Ohio man who promised buyers in 2005 "there's money to be had" has been charged in connection with a $36 million mortgage fraud scheme involving property in the WatersEdge development near Allanton.

Queens Man Who Orchestrated $10 Million Bank Fraud and Bribery Scheme Sentenced in Mahattan Federal Court to 97 Months in Prison
Cleveland Man Indicted Related to Mortgage and Student Aid Fraud
Man Pleads Guilty to a $2 Million Mortgage Fraud
Two Men Plead Guilty to Mortgage and Tax Fraud Indicted in investigation by Division of Criminal Justice & Division of Taxation
Catonsville Real Estate Appraiser Pleads Guilty in Scheme to Obtain Over $4.3 Million in Fraudulent Mortgage Loans
Lee County Attorney Sentenced to 45 Months in Prison for Mortgage Fraud Scheme
Assistant Manager of Gambrills Mortgage Company Sentenced to Over Four Years in Prison in $4.9 Million Mortgage Fraud Scheme
Thomas and Heidi Komasa Convicted of Mortgage Fraud
Center Point Man Indicted for Bank Fraud
Two Local Men Indicted for Bank Fraud and False Statements
Three People Indicted in Mortgage Scheme Against Flaherty Funding
Former Top Loan Officer of Failed Bank Convicted of Bank Fraud and Cheating on His Taxes
Mortgage Rescue Business Owner Sentenced to 90 Months for Fraud
Los Gatos Developer Indicted For Bank Fraud
Loan Officer Sentenced to 54 Months in Prison for Role in Mortgage Fraud Scheme That Resulted in More Than $9.2 Million in Losses
Appraiser Pleads Guilty In Mortgage Fraud Scheme
Lehigh Acres Realtor Pleads Guilty To Fraud
Five Defendants Plead Guilty In Mortgage Fraud Case
Conspirator Pleads Guilty To Mortgage Fraud Scheme
Realtor Convicted of Mortgage Fraud
Connecticut Father and Daughter Charged with Operating Fraudulent Debt Elimination Scheme
Former Real Estate Agent Arrested For Investment Fraud Scheme And Theft Of Social Security Benefits
Eight Defendants Charged in Multi-Million Mortgage Fraud Scheme at Jade Apartment Complex in Miami
Branson Realtor Sentenced for $391,000 Mortgage Fraud
Annapolis Serial Fraudster Sentenced to Five Years in Prison for OVer $2.6 Million in Losses from Real estate, Business Loan and Social Security Fraud Schemes
National Appraisal Instructor Convicted For Lying To Financial Institution
Chesapeake Man Sentenced For Mortgage Fraud Scheme
Former Chief Financial Officer At Taylor, Bean & Whitaker Sentenced To 60 Months In Prison For Fraud Scheme
Final Two Defendants in Mortgage Fraud Scheme Sentenced
President of Broward Title and Escrow Company Sentenced in Two Separate Multi-Million Dollar Mortgage Fraud Schemes
Two Charged With Multiple Counts Of Fraud
Former WAMU Loan Officer Sentenced To 15 Months In Federal Prison For Mortgage Fraud Scheme
A.G. Schneiderman Secures Guilty Plea Of Former Schenectady Builder Angelo Rossi In $500,000 Mortgage Fraud-Related Theft
East Haven Paralegal Sentenced to 33 Months in Federal Prison for Role in Mortgage Fraud Scheme
Former President of Keyworth Mortgage Funding Group Receives Thirteen-Month Prison Sentence for Bank Braud Conviction
Indictment Returned in Hammond Federal Court
Montgomery County Man Pleads Guilty in Mortgage Fraud Conspiracy
Man Who Fraudulently Purchased Over 20 Houses in Las Vegas Area Convicted of Federal Mortgage Fraud Charges
Cleveland Appraiser Faces Prison Following Convictions On 16 Counts Related To $3.25 Million Mortgage Fraud Scheme

Three Attorneys And One Former Attorney Plead Guilty In Manhattan Federal Court For Participating In $66 Million Mortgage Fraud Scheme

Tax Preparer Sentenced to 24 Months for Mortgage Fraud Scheme
Two Fresno Business Owners Indicted For Defrauding Hundreds Of Homeowners And Other Customers Seeking Debt Relief And Credit Repair
Norwich Contractor Sentenced to Federal Prison for Role in Mortgage Fraud Scheme
Middleman Sentenced To Prison For Role In $37 Million Insider Trading Scheme
Attorney Among Four Defendants Indicted in Alleged $16.2 Million Mortgage Fraud Scheme Involving at least 35 Residential Loans
Four Indicted In Mortgage Fraud Scheme

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