real estate fraud: Prominent Los Angeles Real Estate Developer Convicted on Federal Fraud Charges for Stealing $21 Million Entrusted to His Firm - 05/19/11 12:10 PM


Prominent Los Angeles Businessman Convicted on Federal Fraud Charges for Stealing $21 Million Entrusted to His Firm
LOS ANGELES-Ezri Namvar, a prominent Los Angeles businessman and real estate developer, was found guilty today of four wire fraud charges for stealing approximately $21 million from four clients who allowed his "qualified intermediary" company to hold their money in safekeeping before it was reinvested in real estate.
Namvar, 59, of Brentwood, was convicted of the felony counts by a federal jury that deliberated for about three hours after hearing eight days of testimony.
The jury convicted a second defendant on the … (2 comments)

real estate fraud: Roseville California Man Pleads Guilty to Real Estate Ponzi Scheme - 05/18/11 02:51 PM
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real estate fraud: Shaker Heights Man Sentenced for Role in Mortgage Fraud Scheme - 05/18/11 09:12 AM
Shaker Heights Man Sentenced for Role in Mortgage Fraud Scheme  
A Shaker Heights man was sentenced to 18 months in prison for his role in a mortgage fraud scheme that involved more than two dozen properties, Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, announced today.
Beyond Wynn, age 37, pleaded guilty last year to conspiracy to commit wire fraud.
Wynn admitted selling properties, and profiting from those sales, to people he knew to be straw buyers, according to court documents.
This case was prosecuted by Assistant U.S. Attorney Mark S. Bennett following an investigation by … (1 comments)

real estate fraud: Executive Charged for Real Estate Investment Scheme - 05/17/11 12:15 PM
Courtesy Rachel Dollar
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real estate fraud: Bank President's Wife Pleads Guilty to Conspiracy in Scheme to Hide Assets - 05/17/11 12:05 PM

Bank President's Wife Pleads Guilty to Conspiracy in Scheme to Hide Assets
TOPEKA, KS-A Jefferson County, Kansas, woman has pleaded guilty to conspiring with her husband to hide the money he stole from the bank where he was president, U.S. Attorney Barry Grissom said today.
Brenda Schmitt Becker, 47, Meriden, Kan., pleaded guilty to one count of conspiracy and agreed to forfeit her interest in property the couple owned in Jefferson County. In return, the government agreed to drop its claims on a 42-foot catamaran the couple purchased in hopes of leaving the United States.
Becker's husband, Scott D. Becker, … (0 comments)

real estate fraud: Former D.C. Title and Escrow Agent Indicted for Mortgage Fraud - 05/17/11 11:55 AM
Former Title and Escrow Agent Indicted for Mortgage Fraud Case Involves More Than $1.8 Million in Loans =================================== 
WASHINGTON-Ronald Johannes Sneijder, 48, a former owner of a title and escrow company based in the District of Columbia, has been indicted on federal charges relating to mortgage fraud. The total amount of loans was approximately $1,829,000.
The indictment, which was unsealed today, was returned May 13, 2011 in the U.S. District Court for the District of Columbia. It was announced by U.S. Attorney Ronald C. Machen Jr. and James W. McJunkin, Assistant Director in Charge of the FBI's Washington Field Office.
Sneijder, … (0 comments)

real estate fraud: Idaho Man Sentenced for Lying to Financial Institution - 05/17/11 11:46 AM
Courtesy Rachel Dollar
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real estate fraud: Chico California Couple Plead Guilty to Mortgage Fraud Charges - 05/17/11 01:40 AM
oourtesy MFB
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real estate fraud: North Carolina Loan Officer Sentenced to 19 Years in Prison - 05/16/11 04:39 PM
Courtesy Rachel Dollar
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real estate fraud: Owner of New Jersey-Based Mortgage Foreclosure Rescue Companies Pleads Guilty to $10 Million Mortgage Fraud - 05/16/11 01:48 PM

Owner of New Jersey-Based Mortgage Foreclosure Rescue Companies Pleads Guilty to $10 Million Mortgage Fraud
NEWARK, NJ-A West Orange, N.J., man who owned and operated multiple foreclosure rescue companies admitted today to his role in a mortgage fraud scheme that defrauded numerous mortgage lenders of over $10 million, U.S. Attorney Paul J. Fishman announced.
Ronald Harris Jr., 41, of Piscataway, N.J., pleaded guilty before U.S. Magistrate Judge Patty Shwartz to an information charging him with one count each of conspiracy to commit wire fraud and conspiracy to commit money laundering. Judge Shwartz recommended to U.S. District Judge Faith S. Hochberg … (2 comments)

real estate fraud: Two Men Charged in Connecticut in $3 Million Mortgage Fraud Scheme - 05/13/11 03:51 PM


Two Men Charged in Mortgage Fraud Scheme
David B. Fein, United States Attorney for the District of Connecticut, today announced that a federal grand jury in Bridgeport has returned an indictment charging DOMINGOS DIAS, 41, of Trumbull, and HECTOR NATERA, 39, formerly of Bridgeport, with conspiracy, wire fraud, and bank fraud offenses stemming from their alleged involvement in a mortgage fraud scheme that has caused more than $3 million in losses to lenders. The indictment was returned on November 18, 2010, and was unsealed on May 11, 2011.
The indictment alleges that from approximately January 2006 to April 2008, … (0 comments)

real estate fraud: Seller Sued for Allegedly Stealing Down Payments - 05/13/11 11:43 AM
courtesy Rachel Dollar - MFB
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real estate fraud: Real Estate Developer Arrested - 05/12/11 06:05 PM
Tuesday, May 10, 2011
 
 
Real Estate Developer Arrested
John R. Steffen, St. Louis, Missouri, a real estate developer, was arrested May 9, 2011, for allegedly making misrepresentations concerning collateral for a loan, among other things.  Steffen was initially charged in 2010, however the government dismissed the charges due to the Judge's ruling that the indictment failed to state an offense.  The April 5, 2011 Indictment does not allege new facts but "corrects legal shortcomings," according to media reports. 
According to the Indictment, Steffen is charged with a scheme to defraud The Business Bank of St. Louis by pledging Brownfield Remediation … (3 comments)

real estate fraud: Richmond Man Sentenced to 16 Years for Orchestrating Multi-Million-Dollar Rehabilitation Tax Credit Scheme - 05/03/11 01:37 PM
Richmond Man Sentenced to 16 Years for Orchestrating Multi-Million-Dollar Rehabilitation Tax Credit Scheme
RICHMOND, VA-Justin Glynn French, 40, of Richmond, Va., was sentenced today to 196 months, followed by three years of supervised release, for stealing millions from federal and state tax credit programs intended to rehabilitate historic buildings.
Neil H. MacBride, United States Attorney for the Eastern District of Virginia; Ken Cuccinelli, Attorney General of Virginia; Michael F.A. Morehart, Special Agent in Charge of the FBI's Richmond Field Office; Rebecca Sparkman, Special Agent in Charge of the Internal Revenue Service Criminal Investigation's Washington, D.C., Field Office; and Colonel W. Steven … (4 comments)

real estate fraud: New Jersey Mortgage Loan Officer Sentenced to 70 Months in Prison for Role in Mortgage Fraud Scheme - 05/03/11 01:16 PM


New Jersey Mortgage Loan Officer Sentenced to 70 Months in Prison for Role in Mortgage Fraud Scheme
NEWARK, NJ-A former New Jersey loan officer was sentenced today to 70 months in prison in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, N.J., U.S. Attorney Paul J. Fishman announced.
Amer Mir, 42, of Jersey City, N.J., was previously convicted in December 2009 after a five-week jury trial of wire fraud and conspiracy to commit wire fraud before U.S. District Judge Jose L. Linares. Judge Linares also imposed the sentence today in Newark federal court.
According … (0 comments)

real estate fraud: Former Mortgage Broker Sentenced for Mortgage Fraud - 04/27/11 01:50 PM
Former Mortgage Broker Sentenced for Mortgage Fraud
DAVENPORT, IA-Today, Mary Lee Reinking of Clinton, IA, a former mortgage broker with Crow Valley Mortgage in Bettendorf, Iowa, was sentenced by United States District Judge John A. Jarvey to five years' probation, including one-year home confinement, in connection with Reinking's previous guilty plea to one count of wire fraud. Reinking also was ordered to pay $97,343 in restitution.
Reinking and Natalie Long, another broker employed at Crow Valley Mortgage, assisted Darryl Hannken and Robert Herdrich in a scheme to defraud mortgage lenders Argent Mortgage and New Century Mortgage in connection with loans to … (4 comments)

real estate fraud: Former Chairman of Taylor, Bean & Whitaker Convicted for $2.9 Billion Fraud Scheme That Contributed to the Failure of Colonial Bank - 04/20/11 02:21 PM
Former Chairman of Taylor, Bean & Whitaker Convicted for $2.9 Billion Fraud Scheme That Contributed to the Failure of Colonial Bank
WASHINGTON-Lee Bentley Farkas, the former chairman of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), was convicted today for his role in a more than $2.9 billion fraud scheme that contributed to the failures of Colonial Bank, one of the 25 largest banks in the United States in 2009, and TBW, one of the largest privately held mortgage lending companies in the United States in 2009.
The conviction was announced today by Assistant Attorney General Lanny A. … (0 comments)

real estate fraud: Minnesota Man Pleads Guilty to Role in Mortgage Fraud Scheme - 04/18/11 02:10 PM
From:
United States Attorney's OfficeDistrict of MinnesotaContact: (612) 664-5600
Ham Lake Contractor Pleads Guilty to Participating in Mortgage Fraud Scam
Earlier today in federal court in Minneapolis, a 39-year-old contractor from Ham Lake pleaded guilty to participating in a mortgage fraud scheme. Andrew Paul Stoner pleaded guilty to one count of conspiracy to commit wire fraud. Stoner, who was charged on March 10, 2011, entered his plea before United States District Court Judge Ann D. Montgomery.
In his plea agreement, Stoner admitted that from 2007 through 2008, he participated in seven fraudulent transactions with Truang Quang Tran and Thanh Van Ngo, … (0 comments)

real estate fraud: Former MLB Star Lenny Dykstra Charged in Bankruptcy Fraud Case That Alleges Sale of Items from Mansion - 04/15/11 01:05 PM
Former MLB Star Lenny Dykstra Charged in Bankruptcy Fraud Case That Alleges Sale of Items from Mansion
LOS ANGELES-Lenny Dykstra, who played outfield for the New York Mets and Philadelphia Phillies baseball clubs and later gained notoriety as a stock picker, has been charged with bankruptcy fraud for allegedly selling items from his $18 million mansion in Ventura County.
Lenny Kyle Dykstra, 48, who is currently residing in Encino, was named in a one-count criminal complaint filed Wednesday that accuses Dykstra of one count of embezzling from a bankruptcy estate.
The federal criminal case against Dykstra was announced today after he … (4 comments)

real estate fraud: Charges Filed for Equity Stripping Scheme - 04/07/11 02:05 PM
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Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher. Nothing will be published that has not been verified via the public record or consent provided.The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component. Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component. Please see the Department of Justice Legal Policies at:http://www.justice.gov/legalpoliciesPlease contact David with any questions.
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