twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Mortgage Fraud News | Fraud Statistics | Fraud Index | Fraud Blog
Mortgage broker, originator and banker criminal cases. Real estate flipping and appraisal fraud. Mortgage fraud prevention, studies and analysis.

Mortgage Fraud Case Involves Attempted Murder

11 charged in $15 million mortgage scam

July 23, 2012

By BARBARA BOYER The Philadelphia Inquirer - McClatchy-Tribune Information Services

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.

Eleven people from five states have been charged, including a Philadelphia man, according to an indictment released by the U.S. Attorney's Office in Newark.

"These defendants created false documents and used straw buyers to convince lenders to give them $15 million for properties that were worth far less," U.S. Attorney Paul Fishman said in a statement.

"Members of the scheme were willing to launder money -- and even to kill -- in order to get their hands on the profits and cover their tracks."

Authorities said the individuals used false documents so that the "straw" buyers qualified for loans for distressed properties -- including condominiums in Wildwood and Wildwood Crest -- at inflated prices.

The buyers had good credit scores, but not the financial resources to buy the properties. When federal authorities served a subpoena on a mortgage brokerage firm involved, Kinard J. Henson, 40, of Ventress, Ala., allegedly attempted to have one of the witnesses killed, according to the indictment.

The witness was lured into a wooded area in Alabama and shot in the chest but survived.

Among those charged with conspiracy to commit wire fraud are: Sean A. Souels, 42, of Philadelphia; Nancy E. Wolf-Fels, 55, of Toms River, N.J.; Deborah L. Hanson, 49, of Voorhees; Seth A. Fuscellaro, 39, of Wildwood Crest; and Henson, who is also charged with attempted murder.

Authorities alleged that Souels and Henson recruited buyers willing to submit false documents to qualify for loans. Mortgage brokers Wolf-Fels and Hanson were aware the documents were false, and Fuscellaro created bogus sales agreements that concealed the true values of properties, authorities alleged.

mortgage fraud case stories

mortgage fraud headlines

mortgage fraud blog

Mortgage Daily headlines

Local Mortgage Fraud news
News about local mortgage fraud.

To see more of The Philadelphia Inquirer or to subscribe to the newspaper, go to

Copyright (c) 2012, The Philadelphia Inquirer

Distributed by McClatchy-Tribune Information Services.

For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit, e-mail [email protected], or call 866-280-5210 (outside the United States, call +1 312-222-4544)

This story was distributed by TNS - Tribune News Service
Logout forgot

Mortgage Fraud Statistics
Government and private data on volume of mortgage fraud activity.

Mortgage Fraud Index
Dollar and index amount by quarter and state.

Mortgage Fraud Litigation
Lawsuits and settlements invoving mortgage fraud by a lender insider. From 2007 through first-quarter 2013

Mortgage Fraud News
News stories about fraud committed against home lenders.

Mortgage Fraud Blog
Actions in mortgage fraud criminal and civil cases.

local mortgage fraud

mortgage fraud links

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders