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Local Fraud Headlines
Last Updated Wednesday, April 23, 2014 01:42 PM Texas Time


Mortgage Fraud Wire


Local, State and Federal Government Announcements

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.

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.


Mortgage fraud the allegation at trial for absent defendant
The trial of a 33 year old man facing mortgage fraud, scheme to defraud, falsifying business records and grand larceny charges began today in Riverhead with the defendant being tried in absentia, Suffolk County District Attorney Thomas Spota said.
Priest and Parish Administrator Charged with Stealing from Troy Church
A Catholic priest and a parish administrator were indicted for stealing almost $700,000 from St. Thomas More Church in Troy during an eight-year period, U.S. Attorney Barbara L. McQuade announced today.
Memphis Pair Indicted For Half-Million Dollar Mortgage And I.D. Fraud Scheme
Memphis, TN Marcus Payne, 44, of Memphis, TN, and Booker Smith, 30, of Memphis, TN, were indicted by a federal grand jury on April 16, 2014 on seven counts related to a mortgage fraud and identity theft scheme, announced U.S. Attorney Edward L. Stanton III.
Jury Convicts Former GMAC and Countrywide Loan Officer and Former New York Corrections Officer on Mortgage Fraud Charges
NEW HAVEN, CTA federal jury has convicted two men for their roles in an extensive mortgage fraud scheme arising from the fraudulent purchases of more than 40 properties in New Haven, U.S. Attorney Paul J. Fishman, District of New Jersey, announced today.
Former Pierce County Hard Money Lender Pleads Guilty in Mortgage Fraud Scheme
A former hard money lender who resides in University Place, Washington, pleaded guilty Friday to conspiracy to submit false statements in loan applications and make false statements to the Department of Housing and Urban Development and to submitting false statements in loan applications, announced U.S. Attorney Jenny A. Durkan. Emiel A. Kandi, 37, was indicted last June for a mortgage scheme that caused a loss of more than $800,000 to the U.S. Department of Housing and Urban Development. Prosecutors agree to recommend a sentence of no more than 78 months in prison when Kandi is sentenced by U.S. District Judge Ronald B. Leighton on September 5, 2014. However, Judge Leighton is not bound by that recommendation and can impose any sentence allowed by law.

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