Mortgage Daily

Published On: September 26, 2011
Commercial Mortgage Litigation
Second-Quarter 2011 Mortgage Litigation Index
Cases related to commercial mortgage lending.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
Kenneth A. Schneider United States United States District Court for the District of Montana $1,800,000 Kenneth Schneider has been ordered to pay restitution of $1.8 million for pocketing customer application fees for real estate bridge loans. U.S. v. Schneider n/a n/a www.mortgagedaily.com/LitigationCriminal041211.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

 

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