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Criminal Complaints Third Quarter 2009 Mortgage Litigation Report

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

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
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
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
David Findel United States of America na na Criminal complaint filed over selling same loans to mulitiple institutions. na na na


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