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.