Real Estate Agent Caught in $5 Million Condo Scheme
Charges have been filed against a Minnesota real estate agent in a case involving more than $5 million in mortgage fraud on over 130 condominium units.
Guilty Pleas in Mfg Housing Scam
Guilty pleas have been extracted from a former mortgage broker and the owner of the manufactured housing dealership that collected $2 million in proceeds as a result of the mortgage fraud scam. The broker's wife is scheduled to be arraigned next month.
Real Estate Agent Sentenced in Short Sale Scheme
A real estate agent who pleaded guilty in an elaborate short-sale mortgage fraud scheme has been sentenced to eight months in a federal prison, plus three years of supervised release. A second agent who pleaded guilty awaits sentencing.
Mortgage Broker Charged, 5 Others Might Follow
A Minnesota mortgage broker was charged Friday in a $20 million mortgage fraud scam, and the charging papers indicate that the case could eventually pull in several co-conspirators.
Cop Avoids Mortgage Fraud Prosecution with Guilty Plea for Unfiled Tax Return
A former Lexington, Ky., police officer, accused of taking part in a conspiracy to defraud mortgage companies of more than $2 million, has pleaded guilty to failing to file an income tax return for 2005. The case has already yielded guilty pleas from a mortgage broker and an attorney who owned a title company.
Guilty Plea from Georgia Candidate
The last of three defendants has pleaded guilty for his role in a mortgage fraud scheme that allegedly cost lenders $1 million. The defendant, who previously ran for a spot on a city commission, joins a real estate appraiser in admitting guilt in the case.
Scheme Involved 56 properties, 18 Players
A new filing in New Jersey mortgage fraud case indicates that mortgage lenders lost more than $40 million in a scheme involving 56 properties and 18 co-conspirators.
Mortgage Broker Earned $60k from $2 Million in Fraudulent Loans
A North Carolina mortgage broker was sentenced to more than a year in federal prison for participating in a $2 million mortgage fraud.
Mortgage Firm Owner, 6 Employees Indicted
A federal grand jury has indicted the owner of a California mortgages firm and six of his employees for allegedly running a $4 million mortgage-fraud scheme.
Guilty Plea Expected from Mfg Housing Mortgage Broker
A guilty plea is expected from a mortgage broker in a case involving loan for manufactured homes.
2 Texas LOs Convicted
More than three dozen mortgage lenders were defrauded in more than a hundred Texas transactions by a crew of 40 people who, the U.S. Department of Justices alleges, caused $20 million in losses. Two loan originators were found guilty of contributing to the scheme.
Couple, Texan Charged in Separate Indictments
Separate indictments were handed down in cases involving Kansas properties. One indictment was issued against a Kansas couple and the other against a Texas man.
Mortgage Broker Charged in $7 Million Scheme
A Pennsylvania mortgage broker was charged in a $7-million mortgage fraud scheme involving nearly three dozen loans.
Developer Pleads Guilty to Defrauding HUD
A real estate developer who has admitted to defrauding the Department of Housing and Urban Development could face up to 15 years in prison.
RE Agent to Serve 4 Years in Prison
A real estate agent in Virginia was sentenced to more than four years in prison after admitting to defrauding mortgage lenders on 16 loans.
PA Conviction Follows 2 Sentencings
A federal jury voted to convict a Pennsylvania man of mortgage fraud. The conviction follows two sentencings of co-defendants.
Appraiser Sentenced in $14 Million Case
An appraiser in a $14 million mortgage fraud scheme has been sentenced to less than a year behind bars.
Prestigious Law Firm Tangled in Fraud Case
Two former employees of a prestigious law firm in Tampa, Fla., are accused of participating in a $6.9 million mortgage fraud scheme. A property management agreement used in the scheme was allegedly drafted by the law firm.
Husband, Wife & Daughter Plead Guilty
To say that the apple doesn't fall far from the tree is an understatement in a Texas case involving more than 70 properties.
Real Estate Agent Created Fake FHA Verifications
A real estate agent in Texas who admitted in May to participating in a mortgage fraud scheme eight years earlier is set to be sentenced in September. The agent allegedly created fake verifications on government-insured mortgages.