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Criminal Complaints Second Quarter 2009 Mortgage Litigation Report

Criminal Complaints
Second Quarter 2009 Mortgage Litigation Report
Cases involving criminal complaints.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
Colin Connelly U.S. Attorney’s Office for the Eastern District of Virginia n.a. $377,000 18-month prison sentence for bogus foreclosure rescue scheme. n.a. n.a. n.a. oldmortgagedaily.com/ForeclosureRescue040809.asp
Countrywide Financial Corp. n.a. U.S. District Court for the Southern District of California in San Diego n/a Motion to dismiss denied in case alleging Countrywide steered borrowers into risky subprime mortgages in order to maximize profits. Violations of Racketeer Influenced and Corrupt Organizations Act alleged. In re Countrywide Financial Corp Mortgage Marketing and Sales Practices No. 08-MD-01988 [UNK] oldmortgagedaily.com/Lawsuits061109.asp
J. Thomas Talbot Securities and Exchange Commission U.S. District Court Central District of California $230,559 Executive profited from inside knowledge of LendingTree acquisition. U.S. Securities and Exchange Commission v. J. Thomas Talbot CV 04-04556 24-Jun-2004 oldmortgagedaily.com/Lawsuits042009.asp
Mark Turkcan n.a. n.a. $35,000,000 1-year sentence for former president of First Bank Mortgage. n.a. n.a. n.a. oldmortgagedaily.com/Lawsuits061109.asp
Steven Gordon U.S. Attorney for the Southern District of Florida U.S. District Court for the Southern District of Florida $2,800,000 36-month sentence for altering data on loan files that earned defendant higher commissions. n.a. n.a. n.a. oldmortgagedaily.com/Lawsuits051209.asp

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