Mortgage Fraud Blog

Friday, March 12, 2010

Police Officer Arrested for Mortgage Fraud

Brian Ragauckas, 36, Secaucus, New Jersey, a police officer, was arrested based on a Complaint charging him with bank fraud in connection with a $529,777 mortgage loan that he obtained through false representations to the former Countrywide Bank FSB.

According to the Complaint, Ragauckas and his wife own property located in Secaucus, New Jersey...

-->

5 Charged in 327 Count Mortgage Fraud Indictment

Martina Duran (a.k.a. Gladys Arroyo), 57, Briarwood, Queens, New York, Roger Arias, 36, Ridgewood, Queens, New York, Aldo Bussi, 41, Levittown, Long Island, New York, Ramon Gaston, 29, New York, and Percy Randall, 54, Westbury, Long Island, New York, have been charged in a 327-count indictment in connection with an approximately $2 million...

-->

Fourth Defendant Pleads Guilty in Mortgage Fraud Scheme

 

Karen Hewitt, 51, a resident of New York, pled guilty to her role in the scheme in which Michael Cassadei and others used fraudulent loan applications, appraisals, settlement statements, and other false statements and documents to induce the former First Union National Bank of Delaware to finance the sale of Capital Region, New York residential...

-->

Thursday, March 11, 2010

Guilty Plea in Connection With Real Estate Fraud Scheme

Timothy Lynn Beliveau, 42, Mound, Minnesota, man pleaded guilty in federal court to charges related to a real estate fraud scheme that defrauded vulnerable homeowners and induced investors to purchase distressed real estate from those homeowners at inflated prices. Timothy Lynn Beliveau pled guilty to one count of engaging in a monetary...

-->

4 Charged With Purchasing Homes Using Straw Buyers

Sushama Devi Lohia, 71, Newport Beach, California, Supriti Soni, 49, Corona Del Mar, California, Suniti Shah, 48, Newport Beach, California, and Dinesh Valjeebhai Shah, 60, Newport Beach, California, have been charged with conspiracy to commit over $16 million in real estate fraud by forging documents and purchasing homes using "straw buyers."

...

-->

Man Sentenced for Stealing More Than $400,000 From Lenders

Micah John Beaumia, 30, Alexandria, Minnesota, was sentenced in federal court for concealing more than $400,000 in payments to himself and others from mortgage loan proceeds. Micah John Beaumia was sentenced to 36 months in prison on one count of wire fraud and one count of money laundering. Beaumia was indicted on May 11, 2009, and pled guilty...

-->

Wednesday, March 10, 2010

Another Metropolitan Money Store Player Indicted

Rolando Alonzo Cousins, a/k/a "Junior", 31, Bowie, Maryland, has been indicted for conspiracy to commit mail fraud, mail fraud, and money laundering, in connection with a massive mortgage fraud scheme which promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, but left them homeless and with no equity....

-->

Fraudster Sentenced for Submitting False Information to Lenders

Kara E. Robinson- Franks a/k/a Kara E. Garret, a Kansas resident, was sentenced for wire fraud and money laundering in connection to her role in a mortgage fraud scheme.

As previously reported on Mortgage Fraud Blog and per court documents, Robinson - Franks held herself out to be a real estate agent and vice president of Operations and Human...

-->

Father & Daughter Team Charged With Mortgage Fraud

Guadalupe Ramirez and Augustine Ramirez, Bakersfield, California, have been charged in connection with a mortgage fraud scheme.

Per court documents, Guadalupe arranged for his daughter to purchase properties, where, Augustine received kickbacks ranging from $65,000 to $100,000 from the sellers that were not disclosed to the lenders, thus...

-->

Tuesday, March 09, 2010

Participant in 2 Different Mortgage Fraud Schemes Pleads Guilty

John Polosky, 40, McMurray Pennsylvania, pleaded guilty in federal court to charges of wire fraud conspiracy and filing false tax returns.  

In connection with the guilty plea and according to court documents, Polosky participated in two different mortgage fraud conspiracies, one in the Western District of Pennsylvania and one in the Eastern...

-->

Charges Filed in Mortgage Fraud Scheme

Gerald James Greenfield, 64, Bloomington, Minnesota, was charged with one count of conspiracy to commit mortgage fraud through the use of wires, four counts of mortgage fraud by means of interstate wire, one count of conspiracy to commit concealment money laundering, and one count of engaging in a monetary transaction with criminally derived...

-->

Man Sentenced for Falsifying Loan Applications

John A. Bui, 46, of San Jose, California was sentenced to 41 months in federal prison and ordered to pay $3,500,000 in forfeiture as a result of his convictions for conspiring to commit wire fraud, destruction of records in a federal investigation, and witness tampering.

As previously reported on Mortgage Fraud Blog and per court information,...

-->

Former Fugitive Sentenced for Mortgage Fraud

Shawn Green, 43, Columbia, Maryland, was sentenced to 151 months in prison followed by five years of supervised release for conspiring to distribute 330 pounds of cocaine. Green was also ordered to forfeit over $914,000 in cash, property purchased in the mortgage fraud scheme, three luxury vehicles and a pickup truck, four bank accounts and an...

-->

Monday, March 08, 2010

Woman Uses Stolen Money to Purchase Residence

Kellie Hampton Bick, 42, Midland, Texas, faces federal prison after pleading guilty to one count of bank fraud and one count of aggravated identity theft.

In documents filed with the court, Bick admitted that starting in February 2009 she began writing checks to herself on bank accounts held by her employer, North Waterfront Corporation (NWC)...

-->

Owner of Mortgage Brokerage Company Sentenced for Mortgage Fraud

Frederick Earle Deen, III, 30, a Minnesota resident and part owner of Legacy Lending, a Minnesota mortgage brokerage company, was sentenced in federal court for bilking lenders out of more than $500,000 through mortgage fraud. Deen was sentenced to 24 months in prison on one count of wire fraud and one count of tax evasion in connection to this...

-->

Monday, February 08, 2010

3 Indicted For Role in Texas Mortgage Fraud Scam

Ming Shan Zhu, 57, of Katy, Texas, the owner of Catco Homes; Alvin Mark Eiland, 45, Houston, Texas, former owner of Future Mortgage Company Inc.; and Gary Leonard Robinson II, 28, Houston, Texas, a former employee of Future Mortgage Company Inc., have been charged with offenses arising from a scheme to defraud residential mortgage lenders of...

-->

12 Charged in for Real Estate & Mortgage Fraud

12 people have been charged for various, unrelated mortgage and real estate scams:

Victor Koltun and Jarrett Haber have been charged with Grand Larceny in the Second Degree, Residential Mortgage Fraud, and Possession of a Forged Instrument. In October 2009, Jean Kemp, a senior citizen, received a phone call demanding payment on her mortgage....

-->

Probation Given for Participation in Mortgage Fraud Scheme

John Boumenot, 63, has been sentenced to 5 years probation for his participation in a mortgage fraud scheme. Boumenot is also required to make regular restitution payments.

 

As taken from to court documents, John Boumenot operated a business buying, renting, and selling real estate properties. Boumenot, played a limited role in a scheme related...

-->

Foreclosure Rescue Companies Sued in Separate Actions

1) Sean Alan Rutledge, a California attorney, and United Law Group, Inc. (ULG), a California law firm he founded, have been charged in a lawsuit for bilking Ohioans who faced foreclosure out of thousands of dollars. The lawsuit alleges that the law firm promised foreclosure rescue and legal services to save homes and collected upfront fees but...

-->

First Fidelity Mortgage, Inc. President Sentenced for Bank Fraud

William Everett Nichols, 56, Alexandria, Louisiana, president and sole shareholder of First Fidelity Mortgage, Inc., was sentenced to six years in federal prison and ordered to pay $3,903,071.00 in restitution for bank fraud. 

As previously reported on Mortgage Fraud, Nichols pled guilty to bank fraud in November 2009. The FBI investigation of ...

-->

Friday, February 05, 2010

Self-Proclaimed “Honorable Lady of San Francisco” Defrauded Mortgage Lenders

Judy "Miu Wan" Yeung, 58, Mountain View, California, was convicted of one count of conspiracy to commit wire fraud, eight counts of wire fraud, and three counts of witness tampering. 

The jury, after deliberating for one day, found that Yeung engaged in a mortgage fraud conspiracy between approximately December 2004 and January 2007. Yeung,...

-->

21-Count Indictment Handed Down in Mortgage Rescue Scam

Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. Warrants have been issued for their arrest and racketeering liens have been placed on their assets. This represents what is believed to be one of...

-->

California Company Sued for Foreclosure Rescue Fraud

21st Century Legal Services, Inc., a California company providing loan modification services to homeowners facing foreclosure has been charged with charging consumers up-front fees in violation of Florida's Foreclosure Rescue Fraud Prevention Act.

The complaint alleges that, after initial contact is made with a homeowner, the company arranges...

-->

Florida Man Gets Prison Time for Mortgage Fraud

Stanford Morgan, 44, Seminole County, Florida, president and owner of Homes for Sale by Owner, Inc., was sentenced to six years in prison after pleading guilty to a criminal racketeering scheme that involved mortgage fraud in home purchasing. Upon his release from prison, Stanford Morgan must also pay full restitution, including $200,000 to an...

-->

Thursday, February 04, 2010

2 More Sentenced for Scam Involving 136 Loans

Kevin Lafavers, 46, formerly of Indianapolis, Indiana, was sentenced to 33 months in federal prison, and Donald T. Brown, 67, Lebanon, Indiana, was sentenced to 27 months in prison. Both were sentenced following Lafavers' guilty pleas to conspiracy to commit wire fraud and wire fraud and Brown's guilty pleas to conspiracy to commit wire fraud...

-->

Mortgage Fraud Ponzi Scheme Leads to Jail Time

Dawn Quiroga, 40, Oklahoma City, Oklahoma, formerly of Edmond, Oklahoma, was sentenced to serve 97 months in federal prison for money laundering and failure to file a tax return stemming from a mortgage fraud Ponzi scheme. In addition, Quiroga was ordered to serve three years of supervised release upon release from prison and pay $4,848,850.04...

-->

Man Admits Role in $3.6M Mortgage Fraud Scam

Quentin Henley, 37, Kansas City, Missiouri, pleaded guilty for his role in a mortgage fraud conspiracy that involved loans on 34 properties in the inner city and midtown areas of Kansas City, Missouri, totaling more than $3.6 million.

As previously reported on Mortgage Fraud Blog, Henley did business as Quality Remodeling, as All and One...

-->

Wednesday, February 03, 2010

10 Charged in Multi Million Dollar Mortgage Fraud Case

Yamil L. Herrera, 38, Miami, Florida, Alain C. Hernandez, 41, Miami,Florida, Ricelda M. Hernandez, 44, Miami, Florida,  Maria G. Herrera, 40, Miami, Florida,  Ana G. Blanco, 35, Hialeah, Florida, Samantha Portales, 43, Miami, Florida,  Edel Martinez, 37, Miami, Florida, Osiris Garcia, 41, Miami, Florida, Luis R. Martinez, 42, Hialeah,...

-->

Defendant Pleads Guilty in Mortgage Fraud Scheme

Olu Campbell, formerly known as Oluseun Oshosanya, 29, Laurel, Maryland, pleaded guilty to wire fraud in connection with a scheme to defraud a mortgage company of $428,000.

According to Campbell's plea agreement, he was familiar with real estate renovations and the mortgage business because he had previously worked both as a loan officer at a...

-->

Mortgage Fraud Scam Sends 3 to Jail

Dwayne G. Deer, Biloxi, Mississippi (fomerly of McComb, Mississippi), James Todd Phillips, McComb, Mississippi, and Dawn Stinson, McComb, Mississippi, were sentenced for their roles in a mortgage fraud scheme that operated from March 2003 through January 2006. Deer and Phillips victimized over 25 banks, title insurance companies and other...

Tuesday, December 15, 2009

Investigators Shut Down Mortgage Fraud Ring

Juan Sopprani, 31, Rancho Cucamonga, California, Karen Sopprani, 28, Rancho Cucamonga, California, Luis Molina, 41, Pomona, California and Earl Gutierrez, 36, Rancho Cucamonga, California, were arrested in connection with a mortgage fraud scheme.

On March 30, 2006, Juan and Karen Sopprani sold their home in Fontana to the victim and subsequently...

-->

Monday, December 14, 2009

Attorney Admits Deceiving Clients in Real Estate Deals

Hugh Zuber, 39, Monsey, New York, a lawyer formerly employed by the Office of the Corporation Counsel for the City of New York, pleaded guilty to two counts of mail fraud arising from his participation in schemes to defraud two former clients. Zuber had represented the clients, in a personal capacity, in connection with their sale of real estate...

-->

Mortgage Fraud Scheme Lands Ohio Man In Prison

Julian M. Hickman, 32, East Cleveland, Ohio and formerly of Centerville, was sentenced to 33 months in prison for operating an extensive mortgage fraud scheme affecting 210 residential properties, including 205 in Montgomery County between 2002 and 2006. Hickman was also sentenced to pay a $12,500 fine and serve three years of supervised release...

-->

Property Owner Pleads Guilty In Mortgage Fraud Scheme

Mark M. Benun, 35, New York, New York, pleaded guilty in Manhattan federal court to perpetrating a mortgage fraud scheme involving the sale of a $5.9 million building on 161 Street in the Bronx, New York.

As previously reported on Mortgage Fraud Blog, during the course of the mortgage fraud scheme, Benun represented himself to be the owner of a...

-->

Friday, December 11, 2009

President of Mortgage Brokerage Firm Charged in Fraud Scheme

David Ramnauth, 54, Levittown, New York, the President of GuyAmerican Funding Corp., is charged with conspiracy to commit bank fraud and wire fraud in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans. Ramnauth is charged along with eight other defendants who were previously charged in the same...

-->

Loan Officer Guilty of Defrauding Lender

Jeffrey Michael Taylor, 35, Blaine, Minnestota pleaded guilty to defrauding CitiMortgage out of $588,200.51 through a mortgage fraud scheme. Taylor pleaded guilty to one count of conspiracy to commit wire fraud in connection with this crime. Taylor was charged on November 13, 2009.

In his plea agreement, Taylor, the owner of First Solution...

-->

Thursday, December 10, 2009

Former Bank Employee Admits Falsifying Bank Statements

Clarista Bramble, 59, Randolph, Massachusetts, a former Bank of America employee, pled guilty to wire fraud in federal court for creating false documents to secure approval of mortgage loan applications.

At the plea hearing, the prosecutor told the Court that had the case proceeded to trial the Government's evidence would have proven that during...

-->

Price-Flipping Gets Two Charged with Mortgage Fraud

Zack Zafer Dyab, 45, Golden Valley, Minnesota and Julia Alexander Rozhansky, 45, Minnetonka, Minnesota, were charged for allegedly orchestrating a mortgage fraud scheme in which they stole more than $2.5 million from lenders nationally by obtaining fraudulent loans for the purchase of 35 homes in the Twin Cities, Minnesota. The indictment...

-->

Rhode Island Woman Sentenced For Mortgage Scam

Lisa Torres, 41, formerly of Johnston, Rhode Island, was sentenced to 46 months in federal prison for a $1.7 million mortgage fraud scheme. As previously reported on Mortgage Fraud Blog, in October 2009, Torres admitted that she purchased properties that had recently been foreclosed upon and then used the names of straw purchasers in sham sales...

-->

Wednesday, December 09, 2009

5 Indicted in Foreclosure Rescue & Mortgage Fraud Scheme

Edward G. McCusker, 45, New Hope, Pennsylvania ,John Alford Bariana, 37, Mullica Hill, New Jersey, Jacqueline D. McCusker, 45, New Hope, Pennsylvania, Jeffrey A. Bennett, 43, Springfield, Pennsylvania and Stephen G. Doherty, 43, Doylestown, Pennsylvania have been charged in a $14.6 million mortgage fraud scheme that resulted in at least 35...

-->

Former Officers of Subprime Lender Charged With Fraud

Brad A. Morrice, Laguna Beach, California, former CEO and Co-Founder, Patti M. Dodge, Irvine, California, former CFO, David N. Kenneally, Rossmoor, California, former Controller of New Century Financial Corporation, have been charged with securities fraud for misleading investors as New Century's subprime mortgage business was collapsing in...

-->

Tuesday, December 08, 2009

Foreclosure Scam Halted in North Carolina

Geoffrey Lamb , Kannapolis, North Carolina, who runs a foreclosure rescue operation was temporarily barred from offering foreclosure and loan modification services . The suit was filed against Lamb, who did business as The Lamb Group and US Consumer Solutions. 

As alleged in the complaint, Lamb stated on his website that his firm was a...

-->

Co-Defendant Pleads Guilty to Mortgage Fraud

Ethan Ellner, 54, Plainview, New York, pleaded guilty to three counts of Grand Larceny 2nd degree, one count of Conspiracy 4th degree and one count of Scheme to Defraud 1st degree on charges stemming from the indictment wherein Ellner, George Guldi, a former Suffolk County Legislator and others were charged with grand larceny, conspiracy and...

-->

CEO of Metropolitan Money Store Sentenced in Multi Million $ Mortgage Fraud Scheme

Jennifer McCall, 48, Fort Washington, Maryland, the Chief Executive Officer of the Metropolitan Money Store, was sentenced to 135 months in prison, followed by five years of supervised release, for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep...

-->

Fraudster Pleads Guilty to Bilking Mortgage Lenders

Dustin LaFavre,27, Webster, Minnesota, pleaded guilty in federal court to one count of conspiracy to commit mail and wire fraud for bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 2008. LaFavre was charged on November 5, 2009.

In his plea agreement, LaFavre admitted he conspired with a...

Congratulations on completing the required steps to join RealestateloanS.com. We have been building our name and reputation since 1997 and now you are able to promote yourself to thousands of clients each month.

Please take the necessary steps at this moment to include the following information into your blog: Full name, company name, company address, photo, telephone and email address. Blogs that remain incomplete will be deleted. You will soon find that clients from all over the nation and the world are looking for service representatives in your region. Please take a moment to present yourself in the most professional manner possible so that you can capitalize on this opportunity.

RealestateloanS.com prioritizes promotion of members that routinely and professionally blog about their specialty. Those that blog more will experience higher viewership and search engine promotion. We recommend that you blog two to three times a week with blog articles consisting of 200-600 words. Please pick up to ten keywords and write about those topics regularly.

Thank you for joining us.