|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number
|
Date Filed |
Link to Story |
| Amerifund Financial Inc., Eric Matthew Anderson, et al. |
FDIC as receiver for Downey Savings & Loan Association |
United States District Court for the Central District of California |
$1,200,000 |
FDIC alleges that Anderson, a California mortgage broker purported to use Amerifund as his alter ego, submitted $2.4 million in fraudulent loans to Downey S&L before Downey failed. The FDIC claims the losses resulting from the alleged mortgage fraud is around $1.2 million. |
FDIC v. Amerifund Fin. Inc. |
8:11-cv-00840-DOC-RNB |
06/03/11 |
www.mortgagedaily.com/LawsuitFDICAmerifund060711.asp |
| LSI Appraisal LLC, Fidelity National Information Services, Lender Processing Services, Inc., LPF Property Tax Solutions, Inc. |
FDIC |
United States District Court for the Central District of California |
$154,519,000 |
FDIC as receiver for Washington Mutual sues LPS and affiliated companies for providing faulty appraisals of homes the subject of mortgage losses by WaMu |
FDIC v. LSI Appraisal, LLC et al. |
8:11-cv-00706-JST-MLG |
05/09/11 |
www.mortgagedaily.com/lawsuitlps051011.asp |
| Karen Harris, Denise O’Brock Kobus, Mike Scola, James Sims, Linda Warner, Gerald Spuzillo, Angela Pasternak, Terry Forbes, Gerald Stenikuehler, Dee Anne Shaw, David Mangriotis, Erin Foley, Kirk Porter, Uri Gofman |
The State of Ohio, Cuyahoga County |
Cuyahoga County Common Pleas Court |
$13,000,000 |
13 indicted, including nine former employees of a Citigroup Inc. subprime wholesale lending subsidiary. Among those indicted are underwriters, account managers and supervisors accused of colluding with appraisers, borrowers and mortgage brokers to fraudulently fund a hundred Ohio mortgages between 1999 and December 2008. |
Ohio v. Harris et al. |
CR 551555 |
n/a |
www.mortgagedaily.com/ArgentIndictments062711.asp |
| Jaime Lee Lawler, a/k/a Paige Kinney |
United States |
United States District Court District of Arizona |
$40,000,000 |
After her 2007 termination from Countrywide Home Loans, Lawler was hired by PRMI to work in their Phoenix branch. The DOJ alleges that while working there, she managed to fraudulently bill the company for $123,000 in mortgage leads. Lawler is also accused participating in a nearly $40 million mortgage fraud scheme. |
United States v. Jaime Lee Lawler, et al. |
“CR-10-00796-PHX-NVW; CR-11-00491-PHX-NVW |
06/15/10 |
www.mortgagedaily.com/LitigationCriminal061711.asp |
| William Garfield Sandison, Ross William Sandison, Curtis Alan Martinson |
United States |
United States District Court District of Minnesota |
$30,000 |
Former chief executive officer of Community National Bank, William Garfield Sandison, was sentenced last month to four months in prison and ordered to pay a $30,000 fine, after reaching a plea agreement in October 2009. Defendant admitted that he fraudulently convinced 20 other banks to join his bank in financing the Ramsey Town Center for $35 million with another $15 million options. |
United States v. Sandison et al. |
n/a |
04/21/09 |
www.mortgagedaily.com/LitigationCriminal061711.asp |
| Fairway Independence Mortgage Corp. |
Nicole L. Glen |
United States District Court for the Eastern District of Missouri |
$1,035,355 |
Fairway agreed to settle a class action lawsuit that alleged that Fairway had not disclosed yield spread premiums. |
Glen v. Fairway Indep. Mortgage Corp. |
4:08-cv-00730-RWS |
05/20/08 |
www.mortgagedaily.com/LawsuitFairway052711.asp |
| George M. Eggleston |
United States |
United States District Court for the Eastern District of California |
$364,899 |
Defendant was sentenced to 81 months for promising to help distressed borrowers avoid foreclosure by fraudulently representing that his companies, Nexxus and Global Legal Associates, used and managed attorneys to file lawsuits against foreclosing lenders for violations of state and federal laws. |
United States v. George M. Eggleston |
1:10-CR-00248-LJO |
06/10/10 |
www.mortgagedaily.com/LitigationForeclosureFirms063011.asp |
| Ronald Johannes Sneijder |
United States |
United States District Court for the District of Columbia |
$1,837,000 |
An indictment was unsealed May 17 against Defendant, who owned closing services provider Red Box Settlements. Sneijder allegedly obtained a $581,000 home-equity line-of-credit from Wells Fargo Bank on his Washington, D.C. residence in January 2004. Then in February 2005, he obtained a$581,000 refinance loan from First Savings Mortgage Corp. without first paying off the HELOC. He took out additional advances and another $675,000 loan from Wachovia Bank, which also required that he pay off the HELOC. Defendant defaulted, the house went into foreclosure and the sale price was nowhere near enough to pay off the $1,829,000 in accumulated liens. |
United States v. Ronald Johannes Sneijder |
n/a |
05/17/11 |
www.mortgagedaily.com/LitigationCriminal061711.asp |
| Michael Lee Wilson |
The People of the State of California |
The Superior Court, State of California, For the County of Santa Barbara, Santa Maria Division |
$14,000,000 |
Michael Lee Wilson, owner of Pacific Coast Mortgage, was arrested in 2009 over allegations that he deceived elderly investors and committed mortgage fraud. Wilson has been sentenced to 20 years in prison. |
California v. Wilson |
No. 09-07-225191 |
07/10/09 |
www.mortgagedaily.com/LitigationCriminal041211.asp |
| Jerry J. Williams, Francesco “Frank” Mileto, Thomas Hebble and Angel Guerzon |
United States |
United States District Court for the Middle District of Florida |
$82,000,000 |
A grand jury returned an indictment against Jerry J. Williams. He was the president, chief executive officer, and chairman of the board of Orion Bancorp, Inc., and the former Orion Bank, a federally insured financial institution, that was headquartered in Naples, Florida. The indictment alleges that Williams orchestrated a complex conspiracy to fraudulently raise capital and falsify bank records in order to mislead state and federal regulators as to the bank’s true financial condition. |
U.S. v. Williams |
n/a |
n/a |
www.mortgagedaily.com/LitigationCriminal041211.asp |
