12 Indicted for Mortgage Scam Involving 21 Properties Twelve people have been charged in an alleged mortgage fraud scheme: Ronald Burrell, 50, Cleveland, Ohio; Crystal Kelly, 44, Cleveland; Nicole Bakker, 28, Brunswick, Ohio; Jer'me Franklin, 46, Cleveland; Hoover White, 41, Cleveland; James Myer
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05/16/2012
Investor, Finance President and Appraiser Charged for Fraud Paul Demos, 66, Chicago, a licensed appraiser, was arrested and was released on his own recognizance after pleading not guilty at his arraignment before U.S. District Judge Amy St. Eve in Federal Court. Co-defendants Michael Fort, 42, Ha
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05/16/2012
Settlement Entered in Civil Lawsuit Concerning HUD Violations Deutsche Bank AG, DB Structured Products, Inc., Deutsche Bank Securities, Inc. (collectively "Deutsche Bank") and MortgageIt, Inc. have entered into an agreement settling a lawsuit filed by the United States, which alleged HUD misrepre
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05/16/2012
Guilty Plea Entered in $20M Mortgage Fraud Case Gergawattie "Kamla" Seecharan, 49, Orange County, Florida, pled guilty on May 10, 2012, for her participation in a mortgage fraud scheme. More specifically, Seecharan pled guilty to conspiracy involving more than $20 million of mortgage loan funds,
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05/16/2012
Real Estate Agent Pleads Guilty to Straw Buyer Scam MondayJuan Carlos Rodriguez, 52, Weston, Florida, a real estate agent and mortgage broker, pled guilty before U.S. District Judge Kenneth A. Marra for his participation in a mortgage fraud scheme relating to properties in the Versailles developm
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05/16/2012
Real Estate Developer Goes to Jail for Inflating Home Prices William E. Baker, 66, Chico, California, was sentenced by United States District Judge Edward J. Garcia to 18 months in prison, to be followed by three years of supervised release. Baker pleaded guilty to mail fraud for his involvement
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05/16/2012
Mortgage Fraud Ringleader Jailed for Scam Involving 70 Homes Michael Anthony Prieskorn, 37, Ellendale, Minnesota, was sentenced on charges stemming from a mortgage fraud scheme that resulted in losses of at least $18 million for mortgage lenders. On May 10, 2012, United States District Court Ju
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05/16/2012
Another Fraudster Sentenced in Dream Home Mortgage Scam Carole Nelson, 53, Washington, D.C., was sentenced by U.S. District Judge Roger W. Titus sentenced to 29 months in prison followed by three years of supervised release for money laundering in connection with her participation in a massive mo
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05/16/2012
Warwick Woman Pleads Guilty in Arson-for-Profit Scheme U.S. Attorney’s Office May 15, 2012 District of Rhode Island (401) 709-5000 Bank Robbery, Press Release PROVIDENCE, RI—Louisa M. Knight, 43, pleaded guilty in U.S. District Court in Providence today to setting fire to her Warwick, Rhode
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05/15/2012
Former Real Estate Attorney Sentenced to Federal Prison in $1 Million Mortgage Fraud Scheme U.S. Attorney’s Office May 15, 2012 District of Rhode Island (401) 709-5000 Bank Crime, Financial, Fraud, Mortgage Fraud, Press Release PROVIDENCE, RI—A disbarred real estate attorney from Pawtucket,
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05/15/2012
