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.

P R E S S   R E L E A S E


Sept. 7, 2012

Two More Convicted of Mortgage Fraud

PENSACOLA, FL—In February, Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that nine defendants had been federally indicted for their involvement in several multi-jurisdictional mortgage fraud schemes and that two previously indicted defendants had been sentenced to prison. Today, two additional defendants have been found guilty and now await sentencing.

Raysean K. Richardson, 27, of New York, was found guilty today of all counts following a week-long trial in Pensacola before Chief United States District Judge M. Casey Rodgers. In September 2011, a federal grand jury in Pensacola returned a three-count indictment against Richardson charging conspiracy to commit mail fraud, mail fraud, and conspiracy to commit money laundering. A jury found today that Richardson obtained fraudulent mortgage loans of $617,500 to purchase a Navarre residence in July 2007. As part of the conspiracy, in a series of financial transactions following the loan closing, Richardson received approximately $135,961 in kickbacks. Evidence at trial also showed that, during the two and a half months leading up to Richardson's fraudulent purchase of the Navarre home, Richardson obtained fraudulent mortgages of $449,800 for a two unit residence in Los Angeles, California, and fraudulent mortgages of $536,000 for two townhomes in Sarasota, Florida. Richardson faces up to 20 years in prison on each count and is scheduled for sentencing on November 19, 2012.

Earlier today, Keasha Rogers, 36, of Atlanta, pled guilty before Senior United States District Court Judge Lacey Collier. In December 2011, a federal grand jury in Pensacola returned a six-count indictment against Rogers and a co-defendant, charging each with mail fraud, conspiracy to commit mail fraud, and conspiracy to commit money laundering. In a statement to the court as part of her plea, Rogers admitted to obtaining fraudulent mortgage loans to purchase a residence in Navarre. As part of the conspiracy, Rogers received approximately $47,000 in kickbacks from the $630,000 loan she obtained to purchase the home. Rogers pled guilty to counts one, three, and six of the indictment and now faces sentencing on charges of conspiracy to commit mail fraud, one count of mail fraud, and one count of conspiracy to commit money laundering. Rogers faces a maximum of 20 years in prison on each count and will be sentenced by Senior Judge Collier on November 27, 2012.

"These convictions are a continuation of this office's commitment to combat mortgage fraud," said U.S. Attorney Marsh. "These are complicated and difficult matters to investigate and prosecute, but, clearly, the evidence gathered by the investigators and presented by the prosecutor was solid and persuasive. I am deeply grateful for the dedicated and professional team of agents and attorneys whose tremendous work led to this result."

Approximately a year ago, many indictments were announced as part of Operation Stolen Dreams, a nationwide sweep targeting fraudulent mortgage loans. The investigation was the largest collective enforcement effort ever brought to bear in confronting the problem. The national emphasis was initiated by the Mortgage Fraud Working Group of the President's Financial Fraud Enforcement Task Force, which was established to lead an aggressive, coordinated effort to investigate and prosecute financial crimes.

Today's convictions are the result of ongoing investigations being handled by special agents with the Florida Department of Law Enforcement, Internal Revenue Service-Criminal Investigation, and the Federal Bureau of Investigation. These cases were prosecuted by Assistant United States Attorney Tiffany H. Eggers.

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

mortgage fraud case stories

mortgage fraud headlines

mortgage fraud blog

Mortgage Daily headlines

Local Mortgage Fraud news
News about local mortgage fraud.

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