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

September 2013 Archive
Last Updated Thursday, October 10, 2013 01:13 PM Texas Time

Mortgage Fraud Wire

Local, State and Federal Government Announcements

2 Florida Men Charged in Condo Kickback Scheme
Two Miami men were criminally charged Thursday in federal court for an alleged mortgage scheme that crippled a Royal Palm Beach community as the men collected an unknown bounty.

Mortgage Fraud Defendants Avoid Prison
Six people who speculated in real estate in the Charlotte, N.C., neighborhood of Dilworth have agreed to pay fines of up to $85,000 to resolve claims that they lied on mortgage applications, the U.S. Attorney's Office in the Western District of North Carolina announced Thursday.

Attorney Dismissed from $15 Mil Mortgage Fraud Case
A federal indictment charging Cape May County, N.J., attorney Seth A. Fuscellaro with a single count of conspiracy to commit wire fraud was dismissed Sept. 17.

Developer, RE Agent Headed to Jail for Mortgage Fraud
A Tucson, Ariz., real estate developer and a real estate agent were sentenced to federal prison for their roles in a mortgage fraud scheme.

Man Convicted of Providing Hundreds of Fraud Appraisals
A federal jury on Thursday convicted a Shaler, Pa., man on five counts of wire fraud and two counts of wire fraud conspiracy.

Mobster's Wife Pleads Guilty to Mortgage Fraud
The wife of a reputed mob figure admitted today that she conspired to defraud a mortgage lender in order to buy a $715,000 house in Egg Harbor Township, N.J.

2 Headed for Prison in $8.8 Million Mortgage Fraud Case
CLEARWATER, Fla. -- Two former mortgage brokers convicted of racketeering and grand theft have to wait until Monday to find out how long they'll be stuck in prison, while one of their wives was sentenced to probation Monday for a lesser role in the scheme.

Convicted Couple Win Appeal in Mortgage Fraud Case
They were known as "liar's loans" -- mortgages given to people who likely couldn't afford them based on salaries and assets that were sometimes inflated, or even invented.

Guilty Plea to Mortgage Fraud on NJ Condos
Two people have admitted their roles in a multi-million dollar mortgage scheme that used condominiums in the Wildwood, N.J., area.

CA Realtor Admits Defrauding Clients
MODESTO, Calif. -- A Modesto real estate agent on Wednesday pleaded no contest to a misdemeanor count of making false or misleading statements to a family trying to buy a home in Newman.

Realtor to Plead Guilty in Condo Mortgage Fraud
MYRTLE BEACH, S.C. -- Former real estate agent and investor Scott Lemons has agreed to plead guilty to one felony charge of mail fraud related to condominium sales at the Ashley Park project in Carolina Forest, according to documents filed in federal court in Florence.

RE Firm's Owner Admits Mortgage Fraud
MODESTO, Calif. -- The former owner of Century 21 Apollo in Modesto has agreed to plead guilty to fraud charges in a deal that should fetch a federal prison sentence of at least eight years. James Lee Lankford and his husband, Jon Vance McDade, bilked $10 million from elderly homeowners in Modesto and Hughson and from lenders, from 1999 to 2010, authorities said in a 49-count indictment.

7 Years for Attorney in $30 Mil Mortgage Fraud Case
Las Vegas lawyer Gerry Zobrist, who pleaded guilty in January to his involvement in a mortgage fraud scheme that cost lenders $30 million, has been sentenced to more than seven years in prison, Nevada's U.S. Attorney Daniel G. Bodgen announced today.

5 Year Sentence for Ore Mortgage Broker
A Bend, Ore., mortgage broker who took advantage of the anything-goes real estate bubble to get millions of dollars through shady loan applications was sentenced Tuesday to almost five years in prison.

Mexico Native Charged With Loan And Passport Fraud
Two Former Real Estate Brokers Plead Guilty to Conspiring to Fraudulently Obtain the Sales Proceeds of Million-Dollar Homes in San Diego and Del Mar by Filing Fictitious Title Documents
Mastermind of $100 Million Mortgage Fraud Sentenced to Eight Years in Prison
Las Vegas Escrow Officer Convicted In Mortgage Fraud Conspiracy
Former Vice President of Wells Fargo Advisors and Morgan Stanley & Co. Pleads Guilty in $1.8 Million Fraud Scheme
Two Sentenced In HUD Mortgage Fraud Case
Loan Officer And Straw Purchaser Admit Roles In Multimillion-Dollar Mortgage Fraud
Defendant In $15 Million Mortgage Fraud Conspiracy Convicted By Federal Jury
Tarpon Springs Man Sentenced to 15 Months in Prison for Mortgage Fraud
Elk Grove Attorney Sentenced to More Than Two Years in Prison for Role in Mortgage Fraud Scheme
Ten Defendants Indicted in Alleged $14.5 Million Mortgage Fraud Scheme That Resulted in $8 Million Loss to Lenders
Real Estate Agent and Developer/Loan Officer Both Sentenced to Prison for Mortgage Fraud
Lakeville Man Pleads Guilty to Conspiring to Commit Fraud in Connection with Burnsville Condo Development
Astatula Businessman Charged With $44 Million Bank Fraud Scheme
Cleveland Man Sentenced to Four Years in Prison for Mortgage Fraud, Other Crimes
Atlantic City Man Admits Conspiring with Alleged Members of Organized Crime Family and Others in Fraud Scheme
Meriden, Conn., Man Sentenced to Four Years in Prison in Two Mortgage Fraud Schemes
Wife of Nicodemo S. Scarfo Admits Conspiring with Him and Others to Defraud a Mortgage Lender to Buy Their House
Ankeny Couple Sentenced In Connection With Mortgage Fraud
Hogsett Announces Sentencing of Central Indiana Man on Bank, Wire Fraud Charges
Bakersfield Man Sentenced to Nearly 11 Years in Prison in $6 Million Mortgage Fraud Scheme
Property Manager and Straw Purchaser Admit Roles in Multi-Million-Dollar Mortgage Fraud
Dallas Residents, Affiliated With Bridgemark Investment Group, Sentenced
Mansfield Man Found Guilty in Mortgage Fraud Scheme
Former Bend-Area Mortgage Broker and Others Sentenced in $7 Million Mortgage Fraud Scheme
Local Mortgage Broker and Other Investors Sentenced to Prison in Large-Scale Mortgage Fraud Scheme
Former Pacific Palisades Man Sentenced to Four Years in Prison for Role in Investment and Mortgage Fraud Schemes
Bergen County Loan Officer Pleads Guilty to Role in $2 Million Mortgage Fraud
Husband And Wife, Two Others Convicted At Trial For $3 Million South Jersey Time Share Mortgage Fraud Scheme
Las Vegas Lawyer Sentenced to More Than Seven Years in Prison for Mortgage Fraud Crimes
Four Plead Guilty In Mortgage Fraud Case
Maryland Woman Sentenced to 48 Months in Prison in Mortgage Fraud Scheme That Cost Lenders More Than $900,000

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