Mortgage Daily

Published On: November 16, 2009
Criminal Complaints
Third 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
Michael Lee Wilson The People of the State of California Santa Barbara County Superior Court, Santa Maria Division n/a The District Attorney’s office filed an amended complaint against Wilson alleging 147 felony counts for selling a security under a misrepresentation, grand theft, and forgery. The claims include mortgage fraud by forging deeds of trust, fabrication of checks, and violations of the California Penal Code related to theft from elders and/or dependent adults. Wilson could spend more than 50 years in California state prison if convicted. California v. Wilson 09-07-225191 7/14/2009 oldmortgagedaily.com/ArrestPacificCoast071409.asp
David Arthur Nilsen; Manoel Antonio Errico United States of America U.S. District Court for the Northern District of California, San Jose Division n/a David A. Nilsen, owner and operator of Cedar Funding, Inc., and Manoel A. Errico, a loan servicing manager, are accused of providing fraudulent statements to investors, providing loan extensions to borrowers that were in violation of servicing agreements, and failing to record the assignment of liens in violation of servicing agreements. In all, investors are expected to lose more than $100 million. United States v. Nilsen et al. CR 09-0895 9/8/2008 oldmortgagedaily.com/IndictmentCedarFunding091409.asp
Bruce Jarrard United States of America U.S. District Court for the Eastern District of Michigan, Southern Division n/a Defendant plead guilty to stealing data regarding potential customers for reverse mortgages from former employer. United States v. Jarrard 2:09-cr-20118-GCS-VMM 3/11/2009 oldmortgagedaily.com/Lawsuits081909.asp
David Findel United States of America na na Criminal complaint filed over selling same loans to mulitiple institutions. na na na oldmortgagedaily.com/WorldwideArrest091109.asp

 

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