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.

Fake Paystubs Online

ADP sues

February 1, 2006


A Florida Internet company has allegedly offered online services for mortgage loan applicants that needed fake paystubs., operating out of Tampa, has boasted that for $89.95 it can make "authentic looking (paycheck) stubs" that "will definitely fool anybody."

But a legitimate payroll company has gone to court with a trademark infringement lawsuit against the now-defunct Web site.

And The Florida Attorney General has launched a civil investigation of the company.

Mortgage fraud criminals often rely on fake documents, including phony pay stubs, to dupe lenders.

According to a posting on the Web site of Florida Attorney General Charlie Crist, Novelty is cooperating with the investigation.

The company is being investigated for allegedly violating state law "by producing fake paycheck stubs which can be used to deceive third parties," the attorney general's office said.

The company may also have violated the Florida Fictitious Name Act, according to the notice.

According to the federal lawsuit filed by Automatic Data Processing -- or ADP, a leading New Jersey-based payroll processor, has promoted that it can fake ADP "paycheck stubs ... to prove your cash and income to someone."

"It is plain that defendants are peddling counterfeit ADP earnings statements for others to use to engage in fraudulent financial transactions," ADP says in the lawsuit, which was filed in U.S. District Court in San Jose, Calif., where at least one of the company's products was sold.

"By using the ADP marks, defendants trade upon the business reputation and goodwill of ADP, and unjustly enrich themselves through misappropriation of the substantial benefits of the ADP marks," the lawsuit says.

"Defendants are passing off, and encouraging others to pass off, their counterfeit goods and services as authentic," according to the lawsuit.

ADP is seeking damages that include up to $1 million for every phony paycheck stub bearing an ADP marking the company has created.

ADP claims to have annual revenues of $8 billion and approximately 550,000 clients worldwide.

According to the lawsuit, operates out of Tampa mainly via the Internet. But the company's Web site has apparently been taken down. attempted unsuccessfully to access the company's Web site for more than three days.

The company could not be reached.

Michael D'Angelo Vincent, who is also known as Michael Vincent D'Angelo, and Angelo Bosco Vito are named as defendants in the suit. Their lawyer could not be reached.

Patrick Crowley is a feature journalist and blogger for He is also a reporter, blogger and columnist for The Cincinnati Enquirer.
e-mail Patrick at: [email protected]

Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

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