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Local Fraud Headlines
Last Updated Monday, May 05, 2014 02:51 PM Texas Time


Mortgage Fraud Wire


Local, State and Federal Government Announcements

Calif Realtor Admits Role in Mortgage Fraud Case
A Sacramento, Calif., real estate agent pleaded guilty in federal court today to his role in a mortgage fraud scheme.

Huge Mortgage Fraud Case Leaves Much Unresolved
A climactic chapter in Bakersfield, Calif.'s, long-running Crisp & Cole saga may have closed with last week's verdict in the trial of Julie Dianne Farmer, but the larger mortgage fraud case is by no means resolved.

Pair Accused of Netting $500k in Mortgage Fraud Scheme
Two Memphis, Tenn., men have been indicted by a federal grand jury on seven counts related to a mortgage-fraud and identity-theft scheme, officials said Tuesday.

Closing Statements Falsified in Mortgage Fraud Scheme
NEW HAVEN, Conn. -- A federal jury convicted a Farmington man and a Poughkeepsie, N.Y., man on all charges related to a mortgage fraud scheme.

Wolf of Hard Money Convicted of Mortgage Fraud
A University Place, Wash., man who once described himself as "a wolf" for his hardball lending tactics has been convicted in U.S. District Court of lying on federal loan applications and conspiracy to submit fraudulent applications.

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.


Jury Convicts Former Wichita Man Of $2.7 Million Mortgage Fraud
KANSAS CITY, Mo. – Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a former Wichita, Kan., man was convicted in federal court today of his role in a $2.7 million mortgage fraud scheme.
Former Liberty Man Indicted for $6.2 Million Fraud Schemes
KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced today that a former Liberty, Missouri man has been indicted by a federal grand jury for a $6.2 million series of investment fraud schemes.
Bethel Park Man Charged in Mortgage Fraud Scheme
PITTSBURGH—A resident of Allegheny County, Pennsylvania has been indicted by a federal grand jury in Pittsburgh on a charge of bank and wire fraud conspiracy, United States Attorney David J. Hickton announced today.
Mortgage Fraud Ringleader and Title Agent Convicted in Multi-Million-Dollar Fraud Scheme
ORLANDO, FL—United States Attorney A. Lee Bentley, III announces that yesterday, a federal jury found James Fidel Sotolongo (48, Port Orange) guilty of one count of conspiracy and 11 counts of bank fraud. The jury found Stephanie Musselwhite (52, Daytona), a title agent in Orlando, guilty of one count of conspiracy, nine counts of bank fraud, and one count of making false statements to a federally insured financial institution. Realtor Ramara Garrett (35, Port Orange) was acquitted of conspiracy and making false statements to a federally insured financial institution. Sotolongo and Musselwhite each face a maximum penalty of five years in federal prison on the conspiracy count and a maximum of 30 years' imprisonment on each of the remaining counts. In addition, both face fines of $250,000 and a five-year term of supervision. The sentencing hearing is scheduled for July 28, 2014.
Court Convicts Jay Fischer in Million Dollar Mortgage Fraud Scheme
MADISON — Attorney General J.B. Van Hollen announced that Marathon County Judge Gregory Huber found Jay Fischer guilty of a million dollar mortgage fraud scheme. Fischer pleaded no contest to racketeering, theft, fraudulent writings, securities fraud, bail jumping, failure to file an individual tax return, and failure to file a corporate tax return. The convictions resolve two criminal cases against Fischer from Marathon and Waupaca counties.

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