real estate fraud: GRAND JURY INDICTS REAL ESTATE DEVELOPER AND MORTGAGE BROKER FOR FRAUD - 05/31/12 04:22 PM
Federal Grand Jury Returns Indictment Charging Individuals in Alleged Fraud Scheme Financial, Fraud, Identity Theft, Press Release, Salt Lake City Top Stories SALT LAKE CITY—A federal grand jury returned a 15-count indictment Wednesday afternoon charging Alan Prince, age 59, of Lehi; and Joseph Aldridge, age 50, of Draper, with conspiracy, bank fraud, and aggravated identity theft in connection with an alleged scheme to get construction loans from a financial institution using what the indictment alleges were materially false and fraudulent representations.
Prince, according to the indictment, was the owner of Prince Development LLC., a Utah real estate development company … (0 comments)
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real estate fraud: MAN ARRESTED ON CIVIL RIGHTS CHARGES - AFRICAN-AMERICAN HOME BURNED - 05/30/12 04:14 PM
Joliet Man Arrested on Arson and Civil Rights Charges for Allegedly Setting Fire to Home of African-American Family Civil Rights, Hate Crime, Press Release CHICAGO—Accused of targeting an African-American family because of their race, a Joliet man was arrested today by FBI agents on federal arson and civil rights charges for allegedly setting fire to their home on his street. No one was injured in the early morning blaze in June 2007, although the home was occupied by eight children and an adult at the time of the fire.
The defendant, Brian James Moudry, was charged with one count … (0 comments)
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real estate fraud: S3 PARTNERS CHARGED IN $21 MILLION REAL ESTATE FRAUD-ELDERLY TARGETED - 05/30/12 04:08 PM
Founders of S3 Partners Charged in $21 Million Real Estate Investment Fraud Scheme Defendants Allegedly Engaged in Securities Fraud Targeting Elderly Investors Breaking News, Financial, Fraud, Press Release, White-Collar Crime SAN JOSE, CA—The three founders of S3 Partners who allegedly defrauded numerous individual investors and banks out of more than $21 million in connection with a real estate investment fraud scheme were arrested and arraigned on 33 counts of conspiracy, wire, mail, bank and securities fraud, United States Attorney Melinda Haag announced.
According to the indictment, which was filed in San Jose federal district court on May 23 … (0 comments)
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real estate fraud: FORMER REAL ESTATE AGENT, AGE 28, SENTENCED TO 27 MONTHS IN PRISON - 05/30/12 04:05 PM
New London Woman Sentenced to More Than Three Years in Federal Prison for Role in Mortgage Fraud Scheme David B. Fein, United States Attorney for the District of Connecticut, announced that Isaura Guzman, 28, of New London, was sentenced today by Senior United States District Judge Alfred V. Covello in Hartford to 37 months of imprisonment, followed by three years of supervised release, for her participation in an eastern Connecticut mortgage fraud scheme. According to court documents and statements made in court, from approximately 2004 to 2007, Jose Guzman, his daughter, Isaura Guzman, and others used mortgage brokerage, property management, … (0 comments)
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real estate fraud: JURY CONVICTS BRENTWOOD TENNESSEE MAN OF LOAN DOCUMENT FORGERY - 05/30/12 10:23 AM
Jury Convicts Man of Forging Loan Documents David E. Miller, 61, Brentwood, Tennessee was convicted by a federal jury of two counts of making a false statement to a bank and two counts of aggravated identity theft. Specifically, the jury found Miller guilty of making false statements to First Bank in relation to a loan in the amount of $337,500 that Miller received in May 2007 and the renewal of that loan one year later. Miller was also found guilty of aggravated identity theft for using the forged names of two individuals in a document that Miller provided to First Bank … (0 comments)
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real estate fraud: TENNESSEE FRAUDSTERS INCLUDE ATTORNEY CONVICTED OF STRAW BUYER SCHEME - 05/30/12 10:16 AM
Fraudsters Convicted of Straw Buyer Scheme Jerry Kerley, 58, Kodak, Tennessee, and Jeffrey Whaley, 48, of Sevierville, Tennessee, were convicted by a jury in U.S. Distict Court, Knoxville, of all counts in the indictment, including wire fraud, bank fraud, money laundering and conspiracy to commit wire fraud and bank fraud. The Honorable Thomas W. Phillips, U.S. District Judge, scheduled Kerley's and Whaley's sentencings for September 27, 2012. For their wire fraud, bank fraud and conspiracy convictions, Kerley and Whaley could receive sentences of up to to 30 years in prison and a $1,000,000 fine for each count of conviction. For their … (0 comments)
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real estate fraud: LAWYER DISBARRED AFTER STEALING $1.1 MILLION IN MORTGAGE MOD FRAUD - 05/30/12 10:12 AM
Lawyer Disbarred After Stealing $1.1M in Mortgage Modification Scam Vafa Allan Khoshbin, 52, Los Angeles, California, state bar number 165486, an attorney accused of misappropriating $1.1 million from 10 clients, has agreed to be disbarred. The case was one of the largest misappropriation cases ever handled by the California Office of Chief Trial Counsel.
Khoshbin had promised clients he could get their first mortgages modified and their second mortgages settled for pennies on the dollar.
The clients gave him money, which was deposited either to his client trust account or to his business account. But the cash disappeared before Khoshbin … (0 comments)
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real estate fraud: FORMER REAL ESTATE AGENT GETS FOUR YEARS IN PRISON FOR FRAUD - 05/30/12 09:52 AM
Former Real Estate Agent Gets 4 Years for Loan Misreps Todd Britton-Harr, 35, Perdido Key, Florida, a former real estate agent, was sentenced to four years in prison on charges of making false statements in loan and mortgage documents. Evidence introduced in the January 2012 jury trial that led to his conviction showed that Britton-Harr, and his stepmother and co-defendant, Karyn Britton, made false statements on loan documents submitted in connection with their purchases of condominium units in the Purple Parrot Village, Perdido Key, Florida.
The couple failed to disclose known liabilities, and made false statements concerning how the condominiums would … (0 comments)
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real estate fraud: REAL ESTATE SWINDLERS GUILTY OF USING DEAD MAN'S NAME TO BUY HOME - 05/30/12 09:37 AM
Fraudsters Use Dead Man's Name to Buy Home Genilza R. Nunes, 38, Kearny, New Jersey (aka Leticia Wilchez, Geny Silva, Gena Nunez and Genilza Borges), Lillian Veras, 40, Kearny, New Jersey (aka Lillian Urena), Maureen R. Stillwell, 50, Somerville, New Jersey and Sheila Zullo, 46, Green Brook, New Jersey have pleaded guilty for their roles in a scheme to defraud a mortgage lender of $431,200 by filing a false loan application and purchasing a home in Newark in the name of a man who was deceased. Also pleading guilty, Paul DiGiacomo, 46, Madison, New Jersey, a lawyer who laundered stolen funds through … (0 comments)
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real estate fraud: MAN CHARGED WITH IDENTITY THEFT TO OBTAIN TWO HOMES - 05/30/12 08:34 AM
Man Charged with ID Theft To Obtain Two Home Loans Davionne Anderson, 41, Newark, New Jersey was indicted for allegedly stealing approximately $1.2 million from two mortgage lenders by using a stolen identity and false information to obtain two home loans, which he used to sell his home in Newark and acquire a luxury home in Georgia. In April and May of 2007, Anderson and his unregistered real estate investment company, AAA Investment Group, allegedly used a woman’s stolen identity and false information to obtain a total of $1,205,250 in loans, which Anderson used to buy two homes in the woman’s … (0 comments)
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real estate fraud: HELLS ANGELS ASSOCIATE NETS PRISON SENTENCE FOR MORTGAGE FRUAD - 05/30/12 07:46 AM
Hells Angel Associate Sentenced for Mortgage Fraud Justin Batemon, 34, Hayward, Calif., was sentenced to 37 months in prison and ordered to pay restitution for his role in a multi-million dollar mortgage fraud scheme. The defendant pleaded guilty on Jan. 31, 2012, to conspiracy to commit bank and wire fraud and to wire fraud. According to court documents, from 2006 until early 2007 Batemon was involved in a scheme to fraudulently obtain mortgage loans for parcels of real property located in Northern California, including property located at Muscat Court, Petaluma, Calif.
Batemon referred his friends, who included members and associates of … (0 comments)
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real estate fraud: HOMEBUILDER / MORTGAGE PRO INDICTED FOR DEFRAUDING LENDERS - 05/30/12 07:42 AM
Mortgage Professional Indicted for Defrauding Lenders Peter Vincent Capra, 55, Littleton, Colorado, was indicted by a federal grand jury in on May 23, 2012 on additional charges of wire fraud, mail fraud, and money laundering. Capra is scheduled to appear in U.S. District Court on May 29, 2012 at 10:00 a.m. to respond to the charges. Capra was charged in a previous indictment with obstruction of justice.
According to the information contained in the Indictment, Capra was the president of Golden Design Group, Inc. (GDG), which built and sold houses in the Denver, Colorado metropolitan area.
Capra was also the registered … (0 comments)
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real estate fraud: INDICTMENT HANDED DOWN FOR MORTGAGE KICKBACK FRAUD - 05/30/12 01:30 AM
Indictment Handed Down for Mortgage Kickback Scam Michael J. Smith, 31, Springfield, Pennsylvania, was charged by indictment with participating in a mortgage fraud conspiracy that caused losses of over $600,000. Specifically, Smith is charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, one count of money laundering, and forfeiture. According to the indictment, Smith, who was a mortgage broker at the time, conspired with John C. Lucidi, Jr. and Eric Maratea, both of whom are charged elsewhere, as well as numerous other individuals, in a scheme to buy properties at inflated prices so that buyers … (0 comments)
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real estate fraud: JURY CONVICTS SWINDLER OF SOPHISTICATED MORTGAGE FRAUD - OTHERS GUILTY - 05/30/12 12:46 AM
Jury Convicts Fraudster of Elaborate Mortgage Fraud Scam Avinie Maurice Bates, III, 41, Miramar, Florida, was convicted by a jury in U.S. District Court in Panama City, Florida, on one count of wire fraud for his role in an elaborate mortgage-fraud scheme that spanned from Miami to Panama City. Codefendants Jill Beth Newman Zuravel, 47, Boynton Beach, Florida; Alan Jay Nathan, 60, Boca Raton, Florida; Meredith Lelann King, 38, Destin, Florida; and Joann V. Walter, 56, Parkland, Florida, pled guilty in the case and testified against Bates, the final defendant.
The evidence at trial relating to the mortgage fraud scheme revealed … (1 comments)
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real estate fraud: MITIGATION ANALYST FROM HOME ELEVATION PROGRAM SENTENCED - 05/25/12 10:34 AM
Mitigation Analyst from Home Elevation Program Sentenced Financial, Fraud, Press Release, Public Corruption NEW ORLEANS—Wanda Acker Williams, age 33, of New Orleans, Louisiana, was sentenced to six moths of home detention followed by four years of probation by U.S. District Judge Jane Triche Milazzo after admitting she accepted bribes in connection with her employment in the state’s home elevation program, announced U.S. Attorney Jim Letten. Williams pled guilty in January to a one-count bill of information charging her with conspiracy to commit bribery concerning programs receiving federal funds.
According to court documents, Williams was a mitigation analyst in the … (1 comments)
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real estate fraud: TITLE AGENT ARRESTED - 05/24/12 01:19 PM
Title Agent Arrested for Failing to Pay Off Prior Mortgage Marie L. Girard, title agent, has been arrested for misappropriating $584,000 from an escrow account intended for paying off a prior mortgage.
Girard, while acting as a title agent for Girard Title, obtained a refinance mortgage in the amount of $584,000. Girard, without permission or authority, did convert those funds to her own personal use rather than for its intended use, which was to pay off the victims' first mortgage, in violation of 812.014(2)(a), Florida Statutes (Grand Theft).
Based upon Girard's occupation as a title agent and the position of … (2 comments)
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real estate fraud: OWNER GUILTY IN MORTGAGE MOD FRAUD CONSPIRACY - 05/23/12 10:08 PM
Owner Found Guilty in Mortgage Modification Scheme Isaak Khafizov, 25, Queens, New York New York, a former owner of American Home Recovery (“AHR”), a mortgage loan modification business, was found guilty in Manhattan federal court of conspiracy, mail fraud, and wire fraud, in connection with a scheme to defraud distressed homeowners and lenders. As previously reported on Mortgage Fraud Blog, in or about the spring of 2008, Isaak Khafizov, Jaimie Cassuto and David Cassuto, founded American Home Recovery (“AHR”), a mortgage modification business that operated in Manhattan. As shown at trial, from the spring of 2008 through the summer of 2009, … (0 comments)
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real estate fraud: REAL ESTATE PROJECT MANAGER PLEADS GUILTY TO CONSTRUCTION FRAUD - 05/23/12 06:31 AM
R.E. Project Manager Pleads Guilty to Construction Fraud Recardo S. Lewis, 61, Norfolk, Virginia, pled guilty federal court to conspiring with others to defraud the Bank of the Commonwealth by submitting fraudulent draws on a multi-million construction project in Virginia Beach, Virginia. According to the statement of facts filed with his plea agreement, Lewis was employed by Tivest Development & Construction, LLC, a Virginia Beach-based residential and commercial developer. On March 5, 2010, Tivest obtained a $4.1 million loan from the Bank of the Commonwealth to purchase and complete construction of an eight-unit condominium project located at 310 24th Street in … (0 comments)
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real estate fraud: FORMER MORTGAGE REAL ESTATE ATTORNEY'S PONZI SCHEME DEFRAUDED BANKS - 05/23/12 06:28 AM
Former Mortgage R.E. Attorney’s Ponzi Scheme Defrauded Banks David L. Spector, 52, Needham, Massachusetts, a former Rhode Island and Massachusetts mortgage attorney, pleaded guilty to defrauding mortgage holders and lending institutions of more than $600,000. Spector admitted to the court that between April and October 2007, he conducted real estate mortgage refinance closings for properties in Plymouth and Lawrence, Massachusetts and Westerly, Rhode Island. As part of the closing process, Spector had the proceeds of the mortgages obtained by his clients transferred to his attorney escrow account for the purpose of redistributing the funds to pay off existing mortgages and other … (1 comments)
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real estate fraud: FIVE PLEAD GUILTY TO MILLION DOLLAR MORTGAGE FRAUD - 05/23/12 06:24 AM
5 Admit Million Dollar Mortgage Fraud Scheme Peter Kim, 39, Fairfax, Virginia, Bok Hee Lee, 37, South Riding, Virginia, Jai Sek Lee, 50, Ashburn, Virginia, Jai Song, 41, McLean, Virginia, and Erin Cullen, 32, Fairfax, Virginia have each pled guilty (P.Lee, B. Lee, J. Lee, Song, Cullen) to conspiracy to commit wire fraud in conspiring to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Virginia. Also according to the four-count federal indictment, Jea Min Lee, 34, Centreville, Virginia is charged with engaging in a conspiracy to defraud financial institutions into making fraudulent mortgage loans. The conspiracy … (0 comments)
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