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

August 2012 Archive
Last Updated Monday, October 15, 2012 09:59 AM Texas Time

Mortgage Fraud Wire

Local, State and Federal Government Announcements

20 Properties Involved in San Bernardino Scheme
An Upland man was arrested at his home July 28, accused of defrauding banks and financial businesses by illegally filing fraudulent grant deeds on properties throughout San Bernardino County.

Mortgage Fraud Defendants Owned Mortgage Firm, Title Agency
A Jacksonville, Fla., woman allegedly set up several fake businesses to create multiple mortgages in the Keys to defraud a bank out of almost $1 million.

Loan Officer Faces Judge in $45 Million Mortgage Fraud Case
The former real estate agency owner and loan officer accused of running a $45 million mortgage fraud made his first appearance in federal court in Charleston, S.C., Tuesday, but said little.

Mortgage Fraud Financed Horse Race Betting
A former Glendale, Calif., man was sentenced Monday to 10 years in federal prison for scheming to defraud private lenders of more than $5 million, officials said.

4 Sentenced in Mortgage Fraud Case
Four people, including a Groton, Conn., man, have been sentenced for their roles in a New London-centered mortgage fraud led by Syed A. "Ali" Babar, the U.S. Attorney's Office announced today.

Banks Deceived on Renovations
A 33-year-old central Ohio man accused of cheating lending institutions out of $1.5 million by helping buyers purchase homes at inflated prices and lying on loan applications, pleaded guilty yesterday to one count of money laundering and one count of conspiracy to commit bank fraud.

Appraiser Headed to Prison Over Inflated Appraisals
A former Charleston real estate appraiser who admitted to his role in an elaborate house flipping scheme in Putnam County will spend about a year and a half in federal prison.

Woman Accused of Conspiring With Girlfriend on 8 Properties
Another Allegheny County, Pa., tale of boom to bust in the real estate market is playing out this week in federal court, where a Sewickley woman is on trial for fraud in connection with buying at least eight homes from 2005 to 2008 using false information.

Settlement Reached on Alleged Fraud on 3 Large HUD Mortgages
The U.S. Department of Justice recently announced a multimillion-dollar settlement with three men who are accused of knowingly making false statements as part of a nursing home mortgage-refinance scheme.

2 MN Loan Officers Plead Guilty
Two men from Chisago City, Minn., pleaded guilty Tuesday, Aug. 14, to their roles in a $1.8 million mortgage fraud scheme that ran from 2006 to 2007.

Sentence Handed Down in Seller Downpayment Scheme
A federal judge sentenced a Utah man to two years in prison Friday on charges connected to a multi-million-dollar mortgage fraud scheme that reportedly devastated property values in a Putnam County subdivision.

Pair Paid Buyers Kickbacks on New Home Purchases
Garret Griffith Gililland III, a key player in a huge mortgage and investment fraud that is still unfolding in Sacramento federal court, was sentenced Friday to seven years and 10 months in prison.

10 Charged in $40 Million Mortgage Fraud Case
Ten people have been charged in connection with their alleged roles in a $40 million mortgage fraud scam that used phony documents and "straw buyers" to make illegal profits on overbuilt condominiums at the Jersey Shore and resorts in South Carolina and Georgia, U.S. Attorney Paul J. Fishman said.

Judge Unmoved by Mortgage Fraud Defendant's Letter
Convicted of operating a mortgage fraud scheme that took advantage of unsophisticated investors, Jeremie Sheneman was sentenced to 10 years in prison this week despite his continued pleas of innocence.

Another Plea in Mortgage Fraud Case Involving $15 Million in Properties
A Hardy, Va., man pleaded guilty today to attempting to hide his role as a straw buyer in a Smith Mountain Lake mortgage fraud scheme.

11 Guilty Pleas in $9 Million Mortgage Fraud Case
he last of a dozen defendants admitted his involvement today in a central Ohio mortgage-fraud scheme.

Eastlake Man Sentenced To Nine Years In Prison For Role In Credit Union Collapse, Ordered To Pay $3.2 Million In Restitution
Glendale Man Sentenced To Ten Years In Federal Prison For Committing Multi-Million Dollar Real Estate And Loan Fraud
Bank Fraud Defendants Sentenced To 60 And 70 Months
Savage Woman Sentenced For Role In Mortgage Fraud Scheme
Three Co-Conspirators Found Guilty of Implementing Mortgage Fraud Scheme
Actor And Accountant Agree To Plead Guilty To Conspiracy Charges In Mortgage Fraud Scheme That Cost Banks $3.8 Million
Upland Man Charged in Connection with Fraud Scheme Involving $4.5 Million in Real Estate
Title Company Attorney Convicted in Multi-Million-Dollar Mortgage Fraud Scheme
Loan Officer Faces Judge in $45 Million Mortgage Fraud Case
Four Individuals Involved in Mortgage Fraud Scheme are Sentenced
Weld County Grand Jury Indicts Englewood Man in Connection with Alleged White-Collar Real Estate Scheme
Two Individuals Involved in Southeastern Connecticut Mortgage Fraud Scheme Sentenced to Prison
Former Annandale Loan Officer Pleads Guilty to Mortgage and Passport Fraud
Prison Time for Mortgage Fraud Appraiser who Stonewalled Federal Investigators
Three Defendants Pled Guilty in Multi-Million Mortgage Fraud Scheme at Jade Apartment Complex in Miami
Birmingham Woman Pleads Guilty to Three Counts of Federal Wire Fraud
Two Loan Officers Sentenced in Manhattan Federal Court for Participating in a $9 Million Mortgage Fraud Scheme
Loan Officer Arrested on Bank Fraud Charges
Husband and Wife Indicted in Mortgage Fraud Scheme
Leader of $50 Million Fraud Ring Sentenced in Minnesota to 324 Months in Prison
Groton Resident Sentenced to Federal Prison for Role in Mortgage Fraud Conspiracy
New London Man Involved in Mortgage Fraud Scheme Sentenced to 18 Months in Prison
Mortgage Loan Officers Plead Guilty In $1.8 Million Mortgage Fraud
Federal Prosecutors Charge Five People For Fraudulent Home Loan Applications
Milton Man Sentenced to 21 Months for Identity Theft and Mortgage Fraud
Canyon County Woman Sentenced for Bank Fraud and Bankruptcy Fraud
Chico Business Partners Sentenced To Jail For Mortgage Fraud
Utah Man Sentenced to More than Two Years in Federal Prison on Charges Connected to Multi-Million Dollar Mortgage Fraud Scheme
Ten People Charged In $40 Million Mortgage Fraud Scheme
New London Woman Involved in Eastern Connecticut Mortgage Fraud Scheme is Sentenced
Seal Beach Man Agrees To Pay $5 Million To Resolve Allegations Of Defrauding Distressed Homeowners, Renters And Lenders
Lansing Mortgage Fraud Ring Indicted on Federal Charges
Two Individuals Convicted in Florida in Foresclosure Rescue Scheme
Hardy Man Pleads To Tax Charge

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