CT Developer $3.5 Million Mortgage Fraud Trial Begins
Seconds into William Trudeau's $3.5 million mortgage fraud trial, a retired Westport assistant fire chief added his name to the list of alleged victims.
Women Arrested in Florida Mortgage Fraud Case
South Florida's housing bust appears to be over, but mortgage fraud investigators are still busy.
Mortgage Fraud Drove Retired Couple Into Bankruptcy
MYRTLE BEACH, S.C. -- Mike Wimberly -- a California man whose alleged participation in a Myrtle Beach area mortgage fraud scheme helped drive a retired couple into bankruptcy, according to court records -- was indicted this week by a federal grand jury on one felony charge of conspiracy to commit wire fraud in connection with a local real estate deal.
His and Hers Sentences for SC Couple
MYRTLE BEACH, S.C. -- Local couple Anthony and Linda Audino were sentenced last week in federal court for their roles in a mortgage fraud case involving townhome sales at the Pineapple Bay project along Porcher Drive here.
5- and 4-Year Sentences Handed Down to Husband, Wife
A Murrieta, Calif., husband and wife were sentenced to prison terms this week for their role in a mortgage fraud scheme that saw them take equity out of Inland homeowners' property and bilk victims out of more than $1 million, the IRS said in a statement released late Friday, Sept. 21.
Failed Bank Executive Pleads Guilty in $1 Billion Mortgage Fraud Case
The last of four defendants in a multimillion-dollar South Sound mortgage loan fraud scheme Friday pleaded guilty to a single charge of conspiracy to submit false statements in a loan application.
8 Indicted in California Mortgage Fraud Case
A federal grand jury has indicted a Linden man along with eight other people in a mortgage fraud scheme that involved the purchase of 19 homes.
County Official Denies Lying About Income to Qualify for $1 Million in Mortgages
The director of Hillsborough County's real estate department was arrested Friday by federal authorities and charged with mail and wire fraud.
9 New Indictments Bring Wax House Defendants to 50
Federal prosecutors announced charges Friday against nine more defendants in the ongoing mortgage fraud case involving pricey homes in and around Union County.
Bank Executive Admits Role in $45 Million Mortgage Fraud Case
Shawn Portmann, a former Pierce Commercial Bank mortgage executive, pleaded guilty Tuesday in federal court to his leading role in a mortgage-fraud scheme that generated at least $45 million in tainted loans and brought down the bank.
Meeting Addresses Mortgage Fraud, Appraisals
A private event being held this week in Chicago will address issues related to mortgage fraud and home valuations.
Montana Mortgage Broker Pleads Innocent
A West Glacier, Mont., mortgage broker pleaded not guilty Wednesday in U.S. District Court to two counts of bank fraud and one count of wire fraud involving a total of $525,000.
Fake VOEs, Inflated Values Used to Mask Mortgage Fraud
A Baltimore man pleaded guilty in federal court Friday to conspiracy to commit wire fraud because he and others secured mortgages for six homes in Upper Fells Point with fraudulent information, prosecutors announced.
Calif. Mortgage Broker Sentenced to 3 Years
A Chico, Calif., mortgage broker was sentenced Friday in federal court in Sacramento to three years and 10 months in prison for her role in a mortgage fraud scheme.
Film Documents Impact of Mortgage Fraud
An award-winning film on mortgage fraud, abusive debt settlement and unscrupulous contractors will be shown Wednesday in Frederick, Md.
Developer Indicted on Mortgage Fraud Charges
A local businessman was indicted on two counts of mortgage fraud, two counts of money laundering and three counts of bankruptcy fraud Thursday afternoon in U.S. District Court.
$10 Million Scheme Lands Mr., Mrs. In Prison
A Hudson, Wis., couple was sent to prison for six years and eight months Thursday, Sept. 13, for their roles in a $10 million mortgage fraud scheme.
Mortgage Fraud Ringleader Gets 12 Years
A "greedy" man at the head of a mortgage fraud conspiracy that wreaked "havoc" on the local housing market by driving properties into foreclosure and disrepair and diminishing the values of comparable properties was sentenced Wednesday to more than 12 years in federal prison.
7 Properties Bought and Sold 17 Times
A Bronx, N.Y., woman was sentenced Wednesday to more than 15 years in prison for arranging an Atlantic City-based mortgage-fraud scheme in which seven properties were bought and sold 17 times in 2006.
Guilty Plea Brings Number Guilty to Nearly 2 Dozen in SC Case
Area real estate sales agent Kevin Mayberry pleaded guilty last week in federal court to a mortgage fraud charge, joining nearly two dozen area buyers, sellers, brokers and others who either have admitted their roles or been found guilty in widespread fraud schemes that helped to hasten the Grand Strand's real estate crash.