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Local Fraud Headlines
Last Updated Wednesday, April 16, 2014 02:46 PM Texas Time


Mortgage Fraud Wire


Local, State and Federal Government Announcements

6 Years for Woman in $15 Million Mortgage Fraud Case
Former Charlotte, N.C., real estate lawyer Victoria Sprouse, convicted in 2009 in one of the largest mortgage fraud cases in Mecklenburg County's history, was sentenced on Tuesday to more than six years in prison.

Last Sentence Delivered in $15 Mil Mortgage Fraud Case
The case of a $15 million mortgage fraud scheme came to a close today with the final sentencing in the 10-member operation.

Testimony in Crisp and Cole Mortgage Fraud Trial
FRESNO, Calif. -- A former account manager for the mortgage brokerage of Crisp & Cole Real Estate testified Friday that fraud defendant Julie Farmer was an A-type personality who had quick answers to questions, stayed on top of company business and was very "detail-oriented."

3 Years for Lawyer in Mortgage Fraud Case
A former Boston attorney from West Pittston, Pa., who recruited a custodian among others to apply for mortgages in a more than $2.5 million fraud scheme in Boston was sentenced to nearly three years in prison.

Lone Crisp-Cole Defendant Goes to Trial for Mortgage Fraud
FRESNO, Calif. -- A key figure in the Crisp & Cole mortgage fraud ring testified Wednesday that Julie Farmer -- the lone defendant in the case to go to trial -- was definitely part of the "scheme" to buy and sell local properties with falsified documents, something that later cost banks millions.

Guilty Mortgage Fraud Pleas in Case of Failed Bank
ST. LOUIS -- Two St. Charles County businessmen admitted defrauding a Missouri bank that later failed, the U.S. Attorney's office said.

Mr Gets 17 Yrs, Mrs Gets Probation for Mortgage Fraud
FRESNO, Calif. -- For their roles in a mortgage fraud case that rocked Bakersfield, David Crisp was sentenced Monday to 17 1/2 years in prison while his wife, Jennifer, received what the federal judge in the case called "the break of a lifetime": five years probation.

Parties Posture for Position in Mortgage Fraud Case
Four defendants indicted in a federal mortgage fraud scheme were accused Friday of improperly using court staff and government attorneys to reassure banks and title companies that it was OK to do business with them despite the pending charges.

OK Woman Gets 2 Years for 2 Inflated Home Purchases
EDMOND, Okla. -- A federal judge sentenced a woman linked to an Edmond real estate case to 24 months in prison and ordered her to pay $382,290 in restitution.

Another Prison Sentence in Big CA Mortgage Fraud Case
A defendant in the Crisp & Cole federal mortgage fraud case was sentenced Monday to 6 1/2 years in prison for one count of conspiracy to commit mail, wire and bank fraud.


Four Indicted In Bank And Wire Fraud Scheme Involving Real Estate Loan From Now-Failed Sonoma Valley Bank
WASHINGTON – Bijan Madjlessi, David Lonich, Sean Cutting, and Brian Melland were arrested yesterday on federal charges of conspiracy, bank fraud, wire fraud, money laundering, false statements to a bank, false bank entries, and attempted obstruction of justice, announced United States Attorney Melinda Haag, Scott O'Briant, Special Agent in Charge, Special Inspector General for the Troubled Asset Relief Program, Leslie DeMarco, Special Agent in Charge, Federal Housing Finance Agency, Office of Inspector General, and Wade V. Walters, Special Agent in Charge, Federal Deposit Insurance Corporation, Office of Inspector General.
Florida Woman Sentenced to 27 Months in Prison for Role in Real Estate Investment Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Loretta Seneca, 51, of Boynton Beach, Florida, was sentenced today by U.S. District Judge Robert N. Chatigny in Hartford to 27 months of imprisonment, followed by three years of supervised release, for her role in a real estate investment scheme. Seneca was also ordered to serve the first six months of supervised release in home confinement and to perform 120 hours of community service.
Las Vegas Man Sentenced To 20 Years In Prison For Mortgage Fraud Scheme
LAS VEGAS, Nev. – A local man who was convicted by a jury in September 2013 of conspiracy to commit mail and wire fraud for his involvement in a scheme to obtain $35 million in fraudulent mortgage loans, was sentenced today to 20 years in prison, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
Former Massachusetts Attorney Sentenced for Mortgage Fraud
BOSTON – A former attorney practicing in Boston was sentenced today for his involvement in a mortgage fraud scheme that resulted in more than $2.5 million in losses.
Philadelphia Man Pleads Guilty in Multi-Million-Dollar Mortgage Fraud Scheme
PHILADELPHIA—Eric Sijohn Brown, 46, of Philadelphia, pleaded guilty today to 20 counts in connection with a mortgage fraud scheme involving KREW Settlement Services. Brown pleaded guilty to conspiracy, two counts of FHA loan fraud, 12 counts of loan fraud, and three counts of tax evasion. Between May 2004 and February 2009, Brown and his co-conspirators inflated purchase prices on loan documents for more than 100 Philadelphia properties, resulting in more than $20 million in fraudulent loan proceeds. A sentencing hearing is scheduled for July 8, 2014. Brown faces a maximum possible sentence of 486 years in prison, including a mandatory two year term, five years of supervised release, a fine of up to $15 million, and $2,000 special assessment. A forfeiture notice was also filed seeking more than $13.7 million from all defendants.

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