PGS Real Estate » mortgage fraud

Three plead guilty in mortgage fraud scheme

_T14b — Wed, 18 Aug 2010 17:30:00 +0000

Three South Florida residents have pleaded guilty to their parts in a multi-million dollar mortgage fraud scheme, U.S. Attorney Wifredo Ferrer announced today. John Fisher, Tracey Balli, Justina Bryan and Delano McLennon are set to go before Judge Ursula Ungaro Nov. 19 for sentencing. According to records in court and in the plea hearing, the defendants, along with other conspirators, engaged in a scheme to cause property in Fort Lauderdale, Jupiter and other towns to be bought and sold through straw buyers who obtained mortgages based on fraudulent applications. According to the records, lenders issued nearly $2.5 million in loans to the defendants and their co-conspirators. TRD… …
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2 Miami-Dade residents guilty in `straw buyer’ mortgage fraud scheme

_T14b.2000 — Tue, 10 Aug 2010 16:05:29 +0000

A federal court jury has convicted two Miami-Dade County residents in connection with a mortgage scheme that resulted in $21 million in fraudulent loans.
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Former Mortgage Broker, California Woman Plead Guilty to Mortgage Fraud

_T14b — Sat, 29 May 2010 19:21:06 +0000

KANSAS CITY, MO – May 25, 2010 – (RealEstateRama) — Beth Phillips, United States Attorney for the Western District of Missouri, announced today that two more defendants have pleaded guilty in federal court to charges related to mortgage fraud schemes, including a $12.6 million conspiracy that involved 25 upscale residential properties in Lee’s Summit, Missouri and Raymore, Missouri and a property-flipping scheme in Kansas City, Missouri…. …
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Mortgage fraud task force comes to Miami (Miami Herald)

Real Estate/Real Estate News/Real Estate Fraud News — Thu, 25 Feb 2010 02:24:15 +0000

The Financial Fraud Enforcement Task Force kicked off the first of its mortgage-fraud summits Wednesday in the epicenter of the nation’s mortgage-fraud crisis and pledged to begin finding solutions.

Lawyer charged in $1M mortgage fraud scheme (The Virginian-Pilot)

Real Estate/Real Estate News/Real Estate Fraud News — Wed, 24 Feb 2010 19:02:30 +0000

NORFOLK A local lawyer has been charged in federal court with wire fraud in what authorities allege was a $1 million mortgage fraud scheme. Stephen M. Gunther, who lives in Hertford, N.C., and has his law office in Virginia Beach off Princess Anne Road in Kempsville, is accused of failing to identify third parties involved in four home sales in 2006.

3 indicted in mortgage fraud scheme (Denver Post)

Real Estate/Real Estate News/Real Estate Fraud News — Wed, 24 Feb 2010 08:06:42 +0000

A Colorado grand jury indicted three people Tuesday in a mortgage-fraud scheme operating under Blackhawk Property Management. Marcus Williams, 42; Kimberly Anderson, 39; and Scott Peters, 46, are accused of diverting money from home sellers or lenders to Blackhawk, which functioned as a shell company, according to the 23-count indictment.

Quincy man gets jail time for mortgage fraud (The Patriot Ledger)

Real Estate/Real Estate News/Real Estate Fraud News — Wed, 24 Feb 2010 07:56:36 +0000

Michael Hicks of Quincy has been sentenced to 42 months in federal prison for committing mortgage fraud. He was charged with providing false information and buyers to obtain mortgages for Boston properties.

Man Convicted of Mortgage Fraud Scheme in Nevada and California (KLAS Las Vegas)

Real Estate/Real Estate News/Real Estate Fraud News — Tue, 23 Feb 2010 06:14:43 +0000

A jury on Friday convicted a California man for his role in a mortgage fraud scheme.

Summit to focus on effect of mortgage fraud (Miami Herald)

Real Estate/Real Estate News/Real Estate Fraud News — Tue, 23 Feb 2010 03:47:17 +0000

A mortgage fraud summit, open to the public, is scheduled for 9 a.m. Wednesday at the U.S. Attorney’s Office at 99 N.E. 4th St. in Miami. The session is organized by the Financial Fraud Enforcement Task Force, which was set up to coordinate investigations among federal, state and local authorities.

Foreclosure Rescue Scams and Mortgage Fraud Keep Rising (Black Voices)

Real Estate/Real Estate News/Real Estate Fraud News — Fri, 19 Feb 2010 19:59:54 +0000

Filed under: News , Housing , Mortgage , Lynnette Khalfani-Cox The Financial Crimes Enforcement Network (FinCEN) , a division of the U.S. Treasury, has issued a new study showing that mortgage fraud in America is up once again, particularly foreclosure rescue schemes. Officials from FinCEN, as the division is known, say that loan modification con-men or shady foreclosure specialists most often …

Five sentenced in mortgage fraud (Huntington Beach Independent)

Real Estate/Real Estate News/Real Estate Fraud News — Fri, 19 Feb 2010 08:07:29 +0000

Two Huntington Beach residents were sentenced to federal prison Wednesday for involvement in a $13-million mortgage fraud case that targeted homeowners in default.

Heintz mortgage fraud case involved inflated property values in Grand Blanc, Davison (The Flint Journal)

Yahoo! News Search Results for Home equity Mortgage Information — Fri, 19 Feb 2010 01:48:44 +0000

GRAND BLANC, Michigan — A Grand Blanc man who swindled more than $14 million from banks in a mortgage fraud scheme now has to pay it all back.Kurt Heintz, 39, was ordered to repay $14,467,546.50 that authorities say he swindled…

Mortgage fraud: Bloomberg, nonprofit try to raise awareness (The Christian Science Monitor)

Real Estate/Real Estate News/Real Estate Fraud News — Thu, 18 Feb 2010 22:53:22 +0000

New York Mayor Bloomberg and NeighborWorks rolled out a ‘Loan Modification Scam Alert’ on Thursday. The goal: to prevent yet more homeowners from falling victim to mortgage fraud.

Birmingham man pleads guilty to mail fraud associated with mortgage fraud (NBC 13 Birmingham)

Real Estate/Real Estate News/Real Estate Fraud News — Thu, 18 Feb 2010 21:28:13 +0000

A 32-year-old Birmingham man pleaded guilty today in federal court to mail fraud charges connected to a mortgage fraud scheme that totaled more than $1 million.

Bennett pleads guilty (The Intelligencer)

Yahoo! News Search Results for Home equity Mortgage Information — Thu, 18 Feb 2010 10:14:01 +0000

The former Doylestown Township supervisor pleaded guilty to four counts that stem from what authorities say was a mortgage fraud scheme with his business partner and three others.