real estate fraud: 81 Year Old Tucson Man, Self-Proclaimed "Sovereign Citizen", Arrested for Bankruptcy Fraud Related to Alleged Foreclosure Rescue Plan
- 07/06/11 07:30 AM
Tucson Man Arrested for Bankruptcy Fraud Related to Alleged Foreclosure Rescue Plan U.S. Attorney's Office District of Arizona TUCSON-Marshall E. Home, 81, of Tucson, was arrested today in Tucson as a result of a criminal complaint charging him with two counts of false claims in bankruptcy. According to the criminal complaint, Home operated the "Individual Rights Party; Mortgage Rescue Service." Home would charge individuals in foreclosure proceedings $500 purportedly to make the foreclosure process stop. His web site advised that the property of individuals who used his service would become part of his "larger overall bankruptcy liquidation." According to the complaint, … (0 comments)
real estate fraud: Augusta, Georgia Preacher Sent to Prison for Role in Mortgage Fraud Scheme : Obtained More Than $200,000 Loan as a Result of Fraudulent Statements to Lender
- 07/05/11 04:23 AM
Preacher Sentenced for Role in Mortgage Fraud Scheme Obtained More Than $200,000 Loan as a Result of Fraudulent Statements to Lender U.S. Attorney's Office Southern District of Georgia AUGUSTA, GA-HEYWARD KELLY MCKNIGHT, JR., an Augusta area minister, was sentenced today in federal district court by United States District Judge J. Randal Hall to 15 months in prison for his role in causing a mortgage loan to be submitted based on misrepresentations to the lending bank. According to the evidence presented during the guilty plea hearing, in late 2006 and early 2007, McKnight caused an application for a mortgage loan to be submitted to … (0 comments)
real estate fraud: Two In Phoenix Indicted, Arrested in $17 Million Mortgage Fraud Scheme
- 07/02/11 09:49 AM
Info Two Indicted, Arrested in $17 Million Mortgage Fraud Scheme U.S. Attorney's Office District of Arizona PHOENIX-A federal grand jury in Phoenix returned an indictment earlier this week against mortgage broker Michele Marie Mitchell, 43, of Glendale, and her alleged associate, Jeremy West Pratt, 32, of Phoenix. The indictment, returned on June 28, charged Mitchell and Pratt each with one count of conspiracy and one count of wire fraud. Special agents of the Internal Revenue Service and the FBI arrested Mitchell and Pratt on Thursday. "With these arrests, we are confronted once again with the damage and pain that mortgage fraud … (6 comments)
real estate fraud: Leader in $78 Million "Dream Home" Mortgage Fraud Scheme Sentenced to 10 Years in Prison : "Operation Stolen Dreams" Prosecutions Included for Your Review
- 07/01/11 11:31 AM
Leader in $78 Million "Dream Home" Mortgage Fraud Scheme Sentenced to 10 Years in Prison Other Prosecutions by the Financial Fraud Enforcement Task Force Announced on the One-Year Anniversary of "Operation Stolen Dreams" Targeting Mortgage Fraudsters U.S. Attorney's Office District of Maryland GREENBELT, MD-U.S. District Judge Roger W. Titus sentenced Michael Anthony Hickson, age 48, of Commack, New York, former chief financial officer of Metro Dream Homes (MDH), to 10 years in prison, followed by three years of supervised release, for a fraud conspiracy, wire fraud, and conspiracy to commit money laundering in connection with his participation in a massive mortgage fraud scheme … (0 comments)
real estate fraud: Former Trigg County Kentucky Attorney Sentenced to 100 Months in Prison for Real Estate Investment Fraud Scam
- 07/01/11 07:15 AM
Former Trigg County Kentucky Attorney Sentenced to 100 Months in Prison for Real Estate Investment Fraud Scam U.S. Attorney's Office Middle District of Tennessee U.S. District Judge William J. Haynes has sentenced Kenneth Kennedy, 67, of Clarksville, Tennessee to 100 months in prison for his role in a multi- million-dollar investment scam. Kennedy, a retired military lawyer and former elected Trigg County Attorney in Cadiz, Kentucky, was found guilty of three counts of wire fraud and five counts of mail fraud following a four-week trial in October 2010. "This is a significant sentence for a significant crime," said U.S. Attorney Jerry Martin. … (0 comments)
real estate fraud: Four In Michigan Indicted for Wire and Mortgage Fraud Scheme
- 07/01/11 06:54 AM
Four Indicted for Wire and Mortgage Fraud Scheme U.S. Attorney's Office Western District of Michigan GRAND RAPIDS, MI-Kevin Lee Grady Sr., 47, of Grand Rapids, Michigan, and Lisa Lynn Walters, 42, of Wayland, Michigan, were indicted by a federal grand jury for conspiracy to commit wire fraud and for commission of wire fraud in conjunction with certain mortgage loans, U.S. Attorney Donald A. Davis announced today. Grady faces an additional charge in the indictment for making a material false statement to a Special Agent of the FBI in connection with the mortgage fraud investigation. Also facing charges in the indictment are: … (0 comments)
real estate fraud: Massachusetts Developer Charged in Mortgage Scam
- 07/01/11 06:47 AM
Massachusetts Developer Charged in Mortgage Scam U.S. Attorney's Office BOSTON-A developer was charged in a superseding indictment today in connection with a multi-year, multi-property mortgage fraud scheme in Massachusetts. ROBERT H. ODIMEGWU, 43, formerly of Dedham, Massachusetts, has been charged by a federal grand jury with 13 counts of wire fraud and four counts of money laundering. The superseding indictment alleges that in 2005 and 2006, ODIMEGWU committed fraud in connection with multiple condominium sales in Massachusetts. According to the allegations in the superseding indictment, ODIMEGWU paid straw buyers to purchase individual units in buildings that ODIMEGWU controlled. The straw buyers' … (0 comments)
real estate fraud: California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions
- 06/30/11 05:05 PM
California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions Investigation Yields Eight Plea Agreements U.S. Department of Justice Office of Public Affairs WASHINGTON-Eight California real estate investors have agreed to plead guilty for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Charges were filed today in U.S. District Court for the Northern District of California in Oakland, Calif., against Thomas Franciose of San Francisco; William Freeborn of Alamo, Calif.; Robert Kramer of Oakland, Calif.; Thomas Legault of Clayton, … (6 comments)
real estate fraud: Washington County Pennsylvania Man Convicted in Fraudulent Commercial Loan Scheme
- 06/30/11 04:49 PM
Washington County Man Convicted in Fraudulent Loan Scheme U.S. Attorney's Office PITTSBURGH-After deliberating for one hour, a federal jury of four men and eight women found Kenneth McGavitt guilty of two counts of mail fraud, United States Attorney David J. Hickton announced today. McGavitt, 58, of Washington, Pa., was tried before United States District Judge Arthur J. Schwab in Pittsburgh. According to Assistant United States Attorney Brendan T. Conway, who prosecuted the case, the evidence presented at trial established that McGavitt participated in a scheme to defraud a lender in connection a $3,000,000 commercial loan. The loan was collateralized by a … (4 comments)
real estate fraud: Lee Bentley Farkas, Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million
- 06/30/11 03:50 PM
Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million U.S. Department of Justice WASHINGTON-The former chairman and owner of Taylor, Bean & Whitaker (TBW) was sentenced today to 30 years in prison and ordered to forfeit approximately $38.5 million for his role in a more than $2.9 billion fraud scheme that contributed to the failure of TBW and Colonial Bank. At one time, TBW was one of the largest privately held mortgage lending companies in the United States and Colonial Bank was one of the 25 largest banks in the United … (0 comments)
real estate fraud: Former Somers Connecticut Resident Sentenced to Three Years in Federal Prison for Bank Fraud, Money Laundering
- 06/30/11 07:04 AM
Former Somers Resident Sentenced to Three Years in Federal Prison for Bank Fraud, Money Laundering U.S. Attorney's Office District of Connecticut David B. Fein, United States Attorney for the District of Connecticut, announced that SABIR MOGHUL, 72, of Manchester, was sentenced today by Chief United States District Judge Alvin W. Thompson in Hartford to 36 months of imprisonment, followed by three years of supervised release, for bank fraud and money laundering. According to court documents and statements made in court, in 2005, MOGHUL applied for two mortgage loans from different banks, each in an amount of more than $1 million, using his former … (2 comments)
Click either link: Blight & More Blight Thanks to the American Broadcasting Company, investigative reporter Randy Wimbley, anchorwoman Joyce Peterson and ABC Channel 24 affiliate station in Memphis, Tennessee. It's my hope that the National Association of Broadcasters gives them an award for outstanding investigative journalism and improving the quality of life. Many thanks to Johnie McKay and his dedicated staff with the City of Memphis Code Enforcement, and Division of Community Enhancement, Manager Bill Lewis and his fine staff. It's because of their dedication to community service that poverty-stricken, foreclosure-ridden, slum-ravaged communities have hope.
real estate fraud: Brentwood Bill Collector, Terry Marvin Miller, Indicted in Wire, Mail and Bank Fraud Scam
- 06/28/11 04:36 AM
Brentwood Bill Collector Indicted in Wire, Mail and Bank Fraud Scam U.S. Attorney's Office June 22, 2011 Middle District of Tennessee (615) 736-5151 Terry Marvin Miller, 58, of Brentwood, Tennessee, the former owner and operator of Account Management, Inc., a Brentwood collection agency, was indicted yesterday by a federal grand jury and charged with two counts of bank fraud, two counts of wire fraud and one count each of mail fraud and aggravated identity theft, announced Jerry Martin, U.S. Attorney for the Middle District of Tennessee. Joining Martin in the announcement were Martin P. Phanco, Inspector in Charge, Atlanta Division, United States … (0 comments)
real estate fraud: Have you checked your pulse ? Former Citigroup Vice President, Gary Foster, Age 35, Charged with Bank Fraud for Embezzling More Than $19 Million - Courtesy FBI
- 06/27/11 01:00 PM
Former Citigroup Vice President Charged with Bank Fraud for Embezzling More Than $19 Million U.S. Attorney's Office June 27, 2011 Gary Foster, a former vice president in Citigroup, Inc.'s treasury finance department has been arrested on bank fraud charges arising from his embezzlement of more than $19 million. Foster was apprehended at John F. Kennedy International Airport Sunday morning when he arrived on a flight from Bangkok.1 The defendant's initial appearance is scheduled this afternoon before United States Magistrate Judge Ramon E. Reyes, Jr. at the United States Courthouse, 225 Cadman Plaza East, Brooklyn, New York. The charges and arrest were … (0 comments)
real estate fraud: Former Bank Lawyer Indicted in Multi-Million Dollar Fraud and Money Laundering Conspiracies
- 06/24/11 10:29 AM
Former Bank Lawyer Indicted in Multi-Million Dollar Fraud and Money Laundering Conspiracies Attorney Allegedly Assisted Bank President and Senior Loan Officer with Massive Insider Dealing and Fraud that Preceded Bank's Failure U.S. Attorney's Office Northern District of Georgia ATLANTA, GA- ROBERT E. MALONEY, JR., 47, of McDonough, Georgia, was arraigned on federal charges this afternoon before United States Magistrate Judge Janet F. King. A superseding indictment charges MALONEY and two former top officers of "FirstCity Bank" of Stockbridge, Georgia: MARK A. CONNER, 45, formerly of Canton, Georgia, and Tallahassee, Florida, and CLAYTON A. COE, 44, of McDonough, Georgia, with conspiracy to commit … (0 comments)
real estate fraud: Dallas/Fort Worth Homebuilder, Yunnus Mandli, Guilty in Mortgage Fraud Scheme
- 06/23/11 08:58 PM
Dallas/Fort Worth Homebuilder Guilty in Mortgage Fraud Scheme U.S. Attorney's Office Eastern District of Texas PLANO, TX-A Dallas/Fort Worth homebuilder pleaded guilty to a mortgage fraud scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales today. Yunus Mandli a/k/a Jonah Mandli, 63, of Rockwall, Texas, pleaded guilty to conspiracy to commit wire fraud on June 21, 2011 before U.S. Magistrate Judge Don D. Bush. According to information presented In court, Mandli was the owner of Oxford Fine Homes, a company that built custom homes. As part of the mortgage fraud scheme, he and others caused material misrepresentations, … (0 comments)
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Tucson Man Arrested for Bankruptcy Fraud Related to Alleged Foreclosure Rescue Plan
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