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

July 2012 Archive
Last Updated Tuesday, October 09, 2012 09:33 AM Texas Time

Mortgage Fraud Wire

Local, State and Federal Government Announcements

Dozens of Straw Buyers Involved in $15 Million Scheme
Eric Maratea, 27, a house painter from Philadelphia who earns approximately $250 a week, on June 20, 2007 purchased a condominium unit at 2401 Surf Avenue in North Wildwood for $617,000.

Realtor Stripped Equity, Defrauded Lenders
A former East Berlin, Pa.-area woman has been sentenced to serve nearly 20 years in federal prison for defrauding homeowners out of more than $2.4 million between 2006 and 2008.

Mortgage Fraud Case Involves Attempted Murder
Three South Jersey residents are among nearly a dozen people charged in an elaborate, $15 million mortgage scam that led to the attempted murder of one of those involved, federal authorities said Thursday.

Mortgage Fraud Was All in the Family
The U.S. Department of Justice Tuesday unsealed a 26-count indictment against a Bakersfield, Calif., family and their associates, accusing them of causing $5 million in lender losses in a years-long mortgage fraud scheme.

Indictment in Multimillion Dollar MN Mortgage Fraud Case
The Twin Cities' housing boom is long over, but federal prosecutors are still mopping up allegations of multimillion-dollar mortgage frauds from that period.

Mortgage Fraud Guilty Plea Follows 6 Convictions
A Utah man pleaded guilty Thursday to his part in a multimillion-dollar mortgage fraud scheme involving homes in a Putnam County subdivision.

Fake Military Orders Used to Deceive Lenders
PLANO, Texas -- Four Texans are charged with using fake military documents in a mortgage fraud scheme and then using at least one of the homes involved to grow marijuana, federal officials said Thursday.

Criminal Defense Attorney Gets Break on $9 Million Fraud Sentence
The sentencing of Charles Murphy started with a question that might have been on the minds of anyone who has followed the career of the veteran Chicago criminal defense attorney.

Probation for Straw Buyer Who Was Paid $5,000
A man who pleaded guilty to concealing an $11 million mortgage fraud scheme was sentenced to two years of probation Wednesday.

Fraud Trial Begins in $142 Million Mother-Son Case
Jury selection began Thursday, July 5, in a $142 million mortgage and securities fraud trial of a Murrieta, Calif., mother and son in which small-potatoes California and Arizona investors were persuaded to turn over their retirement savings and funds, max out credit cards and refinance homes to fund dubious investments in everything from real estate to foreign currency to jewels.

Realtor Admits to $10 Million Scheme With Prison Guards
A young real estate agent has admitted that he and a group of prison guards were involved in a scam involving rundown houses in New Haven, Conn., that swindled $10 million from banks issuing mortgage loans.

500 Fraudulent Mortgages Caused $100 Million in Losses
A Fenton, Mich., man pleaded guilty today to running a massive mortgage fraud scheme that cost lenders more than $100 million in losses -- some of which was used to buy cars, boats, trips and a helicopter for several con-artists who were in on the scam, according to authorities.

Mortgage Fraud Among Issues Facing Justice Department in Golden State
Benjamin Wagner, the U.S. attorney for the Eastern District of California, was in The Bee newsroom Monday, taking part in a live chat with readers online.

CA Developer Faces More Fraud Charges
OAKLAND, Calif. -- In September, federal investigators will charge more individuals as part of an FBI investigation into Concord-based developer Seeno Homes and its affiliates, a federal prosecutor told a judge Thursday.

Man Admits Lying About Income for $2 Million Refinance
TALLAHASSEE, Fla. -- A Grand Rapids, Mich., man entered a guilty plea in federal court in Tallahassee Thursday to a charge that he defrauded Sun Trust Mortgage Inc., according to a release from the U.S. Attorney's Office.

Title Agent Headed for Jail
The assistant manager of a Gambrills, Md., title agency convicted in a $4.9 million mortgage fraud scheme was sentenced to four years in prison Wednesday, federal prosecutors said.

Owner of New Jersey-Based Mortgage Foreclosure Rescue Companies Sentenced to 46 Months in Prison for $10 Million Mortgage Fraud
Three Individuals in Oklahoma to Pay $5.3 Million for Allegedly Making False Statements in Refinance Scheme
Two Queens Attorneys Convicted of Mortgage Fraud
Scottsdale Man Sentenced to 5 Years in Federal Prison for Mortgage Fraud Conspiracy
Business Owner Pleads Guilty in Mortgage Fraud Scheme That Cost Lenders More Than $1 Million
Former Jacksonville Title Agency Owner Sentenced to 18 Months in Federal Prison for Mortgage Fraud Scheme
Seven Defendants, Including Three Loan Originators, Indicted in Alleged $8.5 Million Mortgage Fraud Scheme
Former Boston City Employee Sentenced to 41 Months for Mortgage Fraud
Ellicott City Title Agent Admits to Stealing Over $684,283 from Mortgage Escrows
Former York County Woman Sentenced To Nearly 20 Years For Fraud
Three Elk Grove Residents Plead Guilty In Mortgage Fraud Scheme
Ashburn Realtor Sentenced to 84 Months in Prison for Orchestrating $7 Million Mortgage Fraud Scheme
Jury Convicts Former Bank Examiner Of Mortgage Fraud
Eleven Charged, Arrests Made In $15 Million Mortgage Fraud Scheme
Manhattan U.S. Attorney Announces Charges Against Owner And Sales Manager Of Buy-A-Home Real Estate Brokerage For Participating In $7.5 Million Mortgage Fraud Scheme
Indictments Returned in Hammond Federal Court
Local Business Owner Pleads Guilty in Mortgage Fraud Case
Nine Persons Charged in Bakersfield Mortgage Fraud Conspiracy
Attorney Convicted In Manhattan Federal Court For Participating In $66 Million Mortgage Fraud Scheme
Five Indicted in Combination Foreclosure Rescue/Drug Distribution Scheme
Four Individuals Indicted In Mortgage Fraud Scheme
Four Charged in $11 Million Loan Origination Scheme, Ramona Real Estate Agent and Seattle Businessman Enter Guilty Pleas
Two North County Loan Officers Admit Fraudulently Obtaining Mortgages and Siphoning Off Nearly $1 Million in Bogus Fees
Inver Grove Heights Man Indicted In Mortgage Fraud Scam
Two Chicago Lawyers Among Four Defendants Sentenced to Prison for Roles in Multi-Million Dollar Mortgage Fraud Scheme
Straw Purchaser Sentenced
Utah Man Pleads Guilty to Charges Connected to Multi-Million Dollar Mortgage Fraud Scheme
East Haven Attorney Admits Participating in $10 Million Mortgage Fraud Scheme
Waterbury Attorney Admits Participating in $10 Million Mortgage Fraud Scheme
Anaheim Hills Man Sentenced To 144 Months Imprisonment For Wire Fraud Conspiracy And Tax Evasion In Mortgage Fraud Conspiracy Over $1.1 Million In Restitution Ordered To Victims And IRS
Sheldon Harmon Charged with Bank Fraud, Money Laundering and False Statements to a Bank
New Haven Man Pleads Guilty to Role in $10 Million Mortgage Fraud Scheme
Brookwood Man Sentenced to 18 Months in Prison for Mortgage Fraud Scheme
Four Defendants, Including Realtor and Loan Originators, Indicted in Alleged $9.1 Million Mortgage Fraud Scheme

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