real estate fraud: Two Men Indicted in Multi-Million-Dollar Mortgage Fraud Scheme
- 07/23/14 08:27 AM
Two Men Indicted in Multi-Million-Dollar Mortgage Fraud Scheme Defendants Allegedly Part of Larger Fraud Against Banks and Lenders Using Washington, D.C.-Area Real Estate WASHINGTON— Edward Dacy, 76, of West Melbourne, Fla., and A. Conrad Austin, 49, of Bowie, Md., have been indicted on conspiracy, bank fraud, and other federal charges stemming from a multi-million-dollar mortgage fraud scheme in which they are accused of assisting their co-conspirators to defraud banks and mortgage lenders through the purchase of residential real estate in the District of Columbia and Maryland. The indictment, unsealed today in the U.S. District Court for the District of … (0 comments)
real estate fraud: Mortgage Fraud Blog for July 23, 2014
- 07/23/14 05:47 AM
Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (2 comments)
real estate fraud: Four Arrested Including RE Attorney On $500k Bank Fraud Charges
- 07/22/14 09:04 AM
Four Arrested on Bank Fraud and Conspiracy Charges Defendants Allegedly Defrauded Bank of America of More Than $500,000 by “Flipping” Property to Catholic All-Girls School for Nearly $1 Million An indictment was unsealed earlier today charging individuals with bank fraud and conspiracy arising from a scheme to take advantage of plans by an all-girls high school in Hempstead, New York, to expand its campus and build an athletic field for students. The defendants, two couples, including a real estate attorney and the officer of a real property corporation, were arrested earlier today by special agents of the Federal Bureau of Investigation … (4 comments)
real estate fraud: Former B of A Employee Took Bribes to Approve Short Sales - 30mo Prison
- 07/22/14 05:47 AM
Former Bank of America Employee Sentenced to 30 Months in Federal Prison for Taking Bribes to Approve Artificially Low-Price Short Sales LOS ANGELES—A former Bank of America employee was sentenced this morning to 30 months in federal prison for taking more than $1.2 million in bribes to approve artificially low-price short sales of properties on which the bank held mortgages. Kevin Lauricella, 29, of Thousand Oaks, was sentenced by United States District Judge Otis D. Wright II. In addition to the 2½-year prison term, Judge Wright ordered Lauricella to pay $5.7 million restitution to Bank of America and … (0 comments)
real estate fraud: Former Employee of Timeshare Firm Sentenced to Three Years in Prison
- 07/20/14 12:06 AM
Former Employee of Timeshare Consulting Firm Sentenced to Three Years in Prison in Fraud Conspiracy CAMDEN, NJ—A former employee of The Vacation Ownership Group LLC, was sentenced today to 36 months in prison and ordered to pay more than $3 million in restitution for conspiring to defraud owners of timeshare properties, U.S. Attorney Paul J. Fishman announced. Eric Reilly, 34, of Galloway, New Jersey, previously pleaded guilty to an information charging him with one count of conspiracy to commit mail and wire fraud. Reilly entered his guilty plea before U.S. District Judge Noel L. Hillman, who also imposed the sentence … (0 comments)
real estate fraud: Mortgage Fraud Blog for July 17, 2014
- 07/17/14 04:45 AM
Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (0 comments)
real estate fraud: Dirty Florida Mortgage Corporation President Pleads Guilty
- 07/16/14 07:41 AM
Mortgage Lender Pleads Guilty in Multi-Million-Dollar Mortgage Fraud Scheme Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, and Drew J. Breakspear, Commissioner, Florida Office of Financial Regulation, announce that Karl Oreste, 56, of Miramar, pled guilty today before U.S. District Judge Robert N. Scola, Jr., to one count of conspiracy to commit wire fraud affecting a financial institution, in violation of Title 18, United States Code, Section 1349. Sentencing has been scheduled for November 14, 2014 at 8:30 a.m. At … (6 comments)
real estate fraud: Former Caseworker for Dallas Project Reconnect is Sentenced
- 07/16/14 07:33 AM
Former Caseworker for the Dallas Project Reconnect is Sentenced Defendant Pleaded Guilty to Witness Tampering, Making a False Statement to HUD, and Deprivation Under Color of Law DALLAS—Lawrence Hart, 37, was sentenced on Monday by U.S District Judge David C. Godbey to serve 15 months in federal prison and ordered to pay $8,619 in restitution following his guilty plea in April 2014 to felony and misdemeanor offenses stemming from his role as a caseworker for an outreach program managed by the City of Dallas’s Housing Department. Hart must surrender to the Bureau of Prisons in mid-October 2014. U.S. Attorney Sarah R. … (0 comments)
=================================== Homeowners’ Problem Solved After FOX 17 Confronts Realtor You can find this original story at :http://fox17online.com/2014/07/02/homeowners-problem-solved-after-fox-17-confronts-realtor/?shared=email&msg=fail# HUDSONVILLE, Mich. (July 2, 2014) — Moving boxes fill Randy DeBoise and Gayle Lindsay’s Hudsonville home. They’re moving to Florida and say they’ve been trying to sell their waterfront property for 9 months. So last September, they hired Howie Boeve, a Realtor. Gayle signed a 12-month contract with him to have the home listed on the multiple listing … (2 comments)
real estate fraud: R E Developer Nets 10+ Years in Prison in Mortgage Fraud Conspiracy
- 07/10/14 06:12 AM
Developer Sentenced to More Than 10 Years in Prison in Mortgage Fraud Conspiracy TAMPA, FL—U.S. District Judge Elizabeth A. Kovachevich yesterday sentenced Joseph Daniele (42, Tampa) to 10 years and 1 month in federal prison for conspiracy to commit wire fraud. As part of his sentence, the court also entered a money judgment in the amount of $7,469,739.00. Daniele pleaded guilty on May 29, 2013. According to court documents, Daniele was a developer who “flipped” houses across Florida, including approximately 80 houses located in south St. Petersburg. Daniele and his conspirators advertised “no money down” home investment opportunities to buy … (2 comments)
real estate fraud: Four Men Charged in a Mortgage Fraud Scheme
- 07/10/14 06:06 AM
Four Men Charged in a Mortgage Fraud Scheme MINNEAPOLIS— A federal grand jury has recently returned an indictment charging four men in connection with the Split Rock Realty mortgage fraud investigation. On July 9, 2014, Thomas Edward Rosensteel III, 41, of Excelsior, Robert Scott “Rod” Aslesen, 65, of Little Canada, Justin Joseph Christenson, 34, of East Bethel, and Dale Russell Wurzinger, 57, of Burnsville, were each charged with eight counts of Wire Fraud and one count of Conspiracy to Commit Wire Fraud. The four defendants allegedly participated in a scheme to defraud mortgage lenders in connection … (0 comments)
real estate fraud: Former Wells Fargo LO Nets 2 Years in Prison for $40.8 Million Fraud
- 07/10/14 06:02 AM
Former Wells Fargo Loan Officer Sentenced to Two Years in Prison for Role in $40.8 Million Mortgage Fraud Scheme CAMDEN, NJ—An Ocean County, New Jersey, man who used his position as a loan officer of Wells Fargo Home Mortgage Inc., to get the company to release more than $4.6 million on fraudulent mortgage loan applications was sentenced today to 24 months in prison for his role in a $40.8 million mortgage fraud conspiracy, U.S. Attorney Paul J. Fishman announced. Robert Serao, 48, of Bayville, New Jersey, previously pleaded guilty following his indictment to one count of conspiracy to commit wire … (0 comments)
real estate fraud: Mortgage Fraud Blog Update for July 9, 2014
- 07/09/14 04:33 AM
Mortgage Fraud Blog sends me an email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar Legal Disclaimer. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and … (0 comments)
real estate fraud: Former Los Angeles Sheriff’s Deputy Sent to Prison for Mortgage Fraud
- 07/09/14 03:28 AM
Former Los Angeles Sheriff’s Deputy Sentenced for Mortgage Fraud KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced today that a former deputy of the Los Angeles County, Calif., Sheriff’s Department has been sentenced in federal court for his role in an $11 million mortgage fraud scheme. Arman Nshanian, 38, of Corona, Calif., was sentenced by U.S. District Judge Greg Kays on Monday, July 7, 2014, to three years and six months in federal prison without parole. The court also ordered Nshanian to pay $785,926 in restitution. Nshanian was convicted at trial on Dec. 6, … (0 comments)
real estate fraud: Here Are A Few Things That Can Get You Busted !
- 07/07/14 04:14 AM
At its March, April, and May meetings, the Tennessee Real Estate Commission (TREC) imposed significant fines ($250-$3,000) and additional penalties (classes, etc.) on forty-seven (47) individuals for the following offenses: Failure to adequately supervise activities of affiliates (MULTIPLE) Failure to adequately supervise advertising activities of affiliates (MULTIPLE) Advertising violation (Agent's name larger than the firm name) (MULTIPLE) Making a substantial and willful misrepresentation (MULTIPLE) Failure to complete and obtain a signed written disclosure of agency status form (MULTIPLE) Failure to maintain Errors and Omissions insurance (MULTIPLE) Failure to timely complete required education (MULTIPLE) An affiliate's acceptance of a commission from … (6 comments)
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Two Men Indicted in Multi-Million-Dollar Mortgage Fraud Scheme 
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