Mortgage Fraud Blog

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...

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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....

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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...

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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...

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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 ...

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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,...

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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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...