twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.reversefunding.com

subscribe to free Mortgage Daily email newsletter

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.



P R E S S   R E L E A S E

FOR IMMEDIATE RELEASE:

May 24, 2012


Hayward Man Sentenced to 37 Months in Prison
Participated in Multi-Million-Dollar Mortgage Fraud, Money Laundering Scheme; Obstructed Justice During Prosecution of Case

SAN FRANCISCO—A Hayward, California man was sentenced yesterday to 37 months in prison and ordered to pay restitution for his role in a multi-million-dollar mortgage fraud scheme, United States Attorney Melinda Haag announced.

Justin Batemon, 34, pleaded guilty on January 31, 2012 to conspiracy to commit bank and wire fraud and to wire fraud. According to court documents, from 2006 until early 2007, Batemon was involved in a scheme to fraudulently obtain mortgage loans for parcels of real property located in Northern California, including property located at Muscat Court in Petaluma, California. Batemon referred his friends, who included members and associates of the Hells Angels, to co-defendant Jacob Moynihan, a loan officer in San Francisco. As part of the conspiracy, Batemon obtained fraudulent mortgage loans by making up a company where he was self-employed. Batemon inflated his income and then had Moynihan and others provide altered bank statements. In addition to his involvement in the fraudulent purchase of the Muscat property, Batemon also was involved in rehabilitating properties to be flipped to sell to other fraudulent buyers in the scheme. He enabled the conspiracy to persist and benefitted financially from it. In total, the scheme involved more than $15 million in fraudulent mortgage loans.

During the prosecution, the government discovered that Batemon had submitted fraudulent letters to the court concerning his bond status. Specifically, Batemon submitted a letter from his employer explaining, among other things, why he failed to appear for court-ordered drug tests. In reality, the employer had not written the letter and the signature had been forged. The court therefore imposed a sentencing enhancement for obstruction of justice.

Batemon was one of several defendants who, on September 1, 2011, was indicted for the conspiracy by a federal grand jury. He was charged with conspiracy to commit bank and wire fraud and wire fraud. He pleaded guilty to all counts against him in the indictment.

The sentence was handed down by U.S. District Court Judge William Alsup. Judge Alsup also sentenced the defendant to a three-year period of supervised release with special conditions that include that Batemon not associate with Hells Angels members.

Kathryn Haun is the Assistant U.S. Attorney who is prosecuting the case with the assistance of legal assistant Daniel Charlier-Smith. The prosecution is the result of a multi-year investigation by the Internal Revenue Service Criminal Investigations Division and the Federal Bureau of Investigation's Santa Rosa Resident Agency.


Source: United States Attorney's Office for the Northern District of California


mortgage fraud case stories


mortgage fraud headlines

mortgage fraud blog

Mortgage Daily headlines


Local Mortgage Fraud news
News about local mortgage fraud.


Logout forgot
password?

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

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

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

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news