real estate fraud: City Employees Received Kickback Payments in Fraudulent Land Deals - 03/19/15 10:20 AM
Land Bank Defendants Found Guilty in Fraud Scheme
City Employees Received Kickback Payments for Assisting in Fraudulent Land Deals INDIANAPOLIS—United States Attorney Josh J. Minkler, announced this morning the conviction of two defendants who were involved in a fraud scheme at the Indianapolis Land Bank.
Reginald T. Walton
31, and
David Johnson
48, both of Indianapolis were found guilty of multiple fraud and bribery charges after a two-week jury trial before U.S. District Judge William T. Lawrence.
“Public servants must understand that they serve the public and not themselves,” said Minkler. “Mr. Walton tried to sell our local government … (4 comments)

real estate fraud: Defendant Guilty of Scheme Using Fake Names/Bogus Deeds to Steal Title - 03/19/15 10:07 AM
Defendant Pleads Guilty in Complex Real Estate Scam
Scheme Used Fake Names and Fraudulent Deeds to Steal Title SAN DIEGO—
Daniel Deaibes
pleaded guilty today to participating in a scheme to steal title to Southern California homes, and then to “sell” the properties to unsuspecting buyers—who later learned they had actually purchased nothing.
According to his plea agreement, between September 2012 and November 2014, when Deaibes and two alleged co-conspirators were indicted and arrested, the trio fraudulently sold or attempted to sell at least 10 homes for more than $2.3 million.
As Deaibes admitted during his guilty plea, he participated … (0 comments)

real estate fraud: Las Vegas Attorney & Three Others Convicted for HOA Fraud Scheme - 03/19/15 01:52 AM
Las Vegas Attorney and Three Others Convicted for Their Roles in a Fraudulent Scheme to Take Over Homeowners’ Associations
WASHINGTON—Following a 14-day trial, a federal jury in Las Vegas returned guilty verdicts yesterday in a case against a Las Vegas attorney and three others for their roles in a scheme to fraudulently take control of homeowners’ associations (HOAs) for the purpose of directing the HOAs’ construction defect litigation and repair work to a law firm and construction company owned by other co-conspirators.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Special Agent in Charge Laura A. … (2 comments)

real estate fraud: Texans Sentenced in Mortgage Fraud Conspiracy - 03/18/15 05:03 AM
Texans Sentenced in East Texas Mortgage Fraud Conspiracy
PLANO, TX—Five defendants have been sentenced for their roles in a mortgage fraud conspiracy in the Eastern District of Texas, announced U.S. Attorney John M. Bales today. Sentencing hearings were held before U.S. District Judge Marcia Crone.
Debra Rush-Santens, 42, of Plano, pleaded guilty on Oct.4, 2012, and was sentenced to 60 months in federal prison on Mar. 12, 2015, and ordered to pay restitution in the amount of 6,215,087.47.
Casey Irons, 42, of Rockwall, Texas, pleaded guilty on Dec 18, 2012, and was sentenced to 87 months in federal prison on … (4 comments)

real estate fraud: Timeshare Fraud Resulted in Over $800,000 in Unpaid Fees to Resorts - 03/18/15 04:54 AM
Williamsburg Man Pleads Guilty to Timeshare Fraud
Fraud Resulted in More Than $800,000 in Unpaid Fees to Select Resorts NEWPORT NEWS, VA—
Keith D. Kosco,
56, of Williamsburg, Va., pleaded guilty today to Conspiracy to Commit Mail and Wire Fraud, Aggravated Identity Theft and Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity.
Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, John S. Adams, Special Agent in Charge of the FBI’s Norfolk Field Office, and Thomas J. Kelly, Special Agent in Charge of the Internal Revenue Service Criminal Investigation’s Washington, D.C., Field Office made the … (1 comments)

real estate fraud: Five Texans Sentenced in East Texas Mortgage Fraud Conspiracy - 03/17/15 08:52 AM
Texans Sentenced in East Texas Mortgage Fraud Conspiracy
PLANO, TX—Five defendants have been sentenced for their roles in a mortgage fraud conspiracy in the Eastern District of Texas, announced U.S. Attorney John M. Bales today. Sentencing hearings were held before U.S. District Judge Marcia Crone.
Debra Rush-Santens,
42,of Plano, pleaded guilty on Oct.4, 2012, and was sentenced to 60 months in federal prison on Mar. 12, 2015, and ordered to pay restitution in the amount of 6,215,087.47.
Casey Irons,
42, of Rockwall, Texas, pleaded guilty on Dec 18, 2012, and was sentenced to 87 months in federal prison … (0 comments)

real estate fraud: VP of Title Company Charged in Financial Fraud Scheme - 03/17/15 03:59 AM
Columbus Businessman Charged in Financial Fraud Scheme
COLUMBUS—A federal grand jury has charged
David H. DeMathews,
62, of Columbus, with wire fraud, money laundering, engaging in monetary transactions in property derived from unlawful activity, mail fraud and possessing a firearm as a convicted felon in a 39-count indictment unsealed today.
Carter M. Stewart, United States Attorney for the Southern District of Ohio and Angela L. Byers, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Field Division, announced the indictment returned March 3.
The indictment alleges that DeMathews used his positions as Director of National Accounts and Executive … (2 comments)

real estate fraud: Real Estate Fraud Report - Friday March 13, 2015 - Hundreds of Cases - 03/13/15 01:36 AM
REAL ESTATE
 
FRAUD FILES
 
“Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
 
 
 
 
― David Saks
 
 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 … (6 comments)

real estate fraud: Real Estate Fraud Report for Friday March 13, 2015 - 03/13/15 01:36 AM
REAL ESTATE
 
FRAUD FILES
 
“Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
 
 
 
 
― David Saks
 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 … (0 comments)

real estate fraud: Mortgage Fraud Blog for Thursday March 12, 2015 - 03/11/15 05:03 PM
      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 … (8 comments)

real estate fraud: Man Admits Role in $13 Million Mortgage Fraud Scheme - 03/10/15 01:14 PM
Hudson County Man Admits Role in $13 Million Mortgage Fraud Scheme
CAMDEN, NJ—A Hudson County, New Jersey, man today admitted his role in a $13 million mortgage fraud scam that used phony documents and “straw buyers” to make illegal profits on overbuilt condos in Wildwood and Wildwood Crest, New Jersey, U.S. Attorney Paul J. Fishman announced.
John Leadbeater,
58, of Kearny, New Jersey, pleaded guilty before U.S. District Judge Jerome B. Simandle in Camden federal court to a superseding indictment charging him with conspiracy to commit wire fraud. The plea came after the first week in what prosecutors and … (6 comments)

real estate fraud: Mortgage Fraud Blog for Wednesday March 4, 2015 - 03/03/15 01:35 PM
    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 … (5 comments)

real estate fraud: Real Estate Fraud Report for February 27, 2015 - Many New Cases - 02/26/15 03:19 PM
REAL ESTATE
 
FRAUD FILES
 
“Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
 
 
 
 
 
― David Saks
 
 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 … (8 comments)

real estate fraud: West Virginia Couple Sentenced - Defrauded Elderly to Purchase House - 02/26/15 05:03 AM
West Virginia Couple Sentenced for Defrauding Elderly Victim to Purchase Beach House
WHEELING, WV—A Wetzel County couple was sentenced in federal court today after they stole nearly $400,000.00 from a 90-year-old victim to purchase a vacation home in the Outer Banks, United States Attorney William J. Ihlenfeld, II, announced.
In October 2014, a jury found
Timothy Summers,
67, and
Lea Ann Summers,
52, of Proctor, West Virginia, guilty of one count of “Conspiracy to Commit Mail Fraud” and one count of “Securities Fraud.” The jury further found Lea Ann Summers guilty of four counts of “Mail Fraud.” The … (8 comments)

real estate fraud: 7th Defendant Guilty $3.9M Mortgage Fraud - 35 Properties Foreclosed - 02/26/15 04:48 AM
Seventh Defendant Pleads Guilty in Mortgage Fraud Conspiracy That Resulted in at Least $3.9 Million in Fraud
At Least 35 Properties Throughout Minnesota Went into Foreclosure as a Result of Scheme The United States Attorney’s Office for the District of Minnesota today announced the guilty plea of
JUSTIN JOSEPH CHRISTENSON,
35, who admitted conspiring with
 
THOMAS ROSENSTEEL,
 
ROBERT SCOTT “ROD” ASLESEN,
and at least four others to defraud mortgage lenders by falsifying loan applications and related documents. CHRISTENSON is the seventh co-conspirator to plead guilty to participating in the scheme. The defendant pleaded guilty today before … (4 comments)

real estate fraud: Mortgage Fraud Blog for February 25, 2015 - 02/24/15 11:36 PM
      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: Former Township Tax Collector Charged with Theft of $300K in Funds - 02/24/15 11:28 PM
Former Township Tax Collector Charged Federally with Theft of $300,000 in Public Funds
The United States Attorney’s Office for the Middle District of Pennsylvania announced that a Criminal Information was filed today against
Melissa Ann Arnold,
46, of York.
According to United States Attorney Peter Smith, the Information alleges that during 2008 and 2009, Arnold stole more than $300,000 from tax payments made by citizens to Spring Garden Township, York County. Arnold was the Treasurer and Tax Collector for Spring Garden Township from 1995 until October 2009. Arnold was allegedly able to steal the tax payments because many of … (2 comments)

real estate fraud: Former Bank of America V.P. in L.V. Guilty - Losses Exceed $6.4 Mil - 02/24/15 11:22 PM
Former Bank of America Vice President in Las Vegas Pleads Guilty to Misapplication of Bank Funds
Bank Losses Exceeded $6.4 Million WASHINGTON—A former senior vice president of Bank of America (BOA) in Las Vegas pleaded guilty today to misapplication of bank funds in a scheme that led to over $6.4 million in losses to BOA on two business-related loans.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Daniel G. Bogden of the District of Nevada, Special Agent in Charge Laura A. Bucheit of the FBI’s Las Vegas Office and Special Inspector General Christy L. Romero … (0 comments)

real estate fraud: Real Estate Fraud for February 23, 2015 - Thousands of Cases to Review - 02/23/15 09:13 AM
REAL ESTATE
 
FRAUD FILES
 
“Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
 
 
 
― David Saks
 
 
 
 
 
 
Related Links:  
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(4 comments)

real estate fraud: Cal Woman Sentenced to 3 Years in Federal Prison for Real Estate Fraud - 02/23/15 09:04 AM
Seal Beach Woman Sentenced to Nearly Three Years in Federal Prison for Operating Real Estate Scheme in Orange County
SANTA ANA, CA—A Seal Beach woman was sentenced today to 35 months in federal prison for operating a $1.4 million fraud scheme that bilked clients who paid money in response to false promises of ownership in commercial real estate.
Karen Hanover,
48, was sentenced by United States District Judge Josephine Staton, who scheduled a May 8 hearing to determine how much restitution should be paid to approximately 45 victims.
Hanover pleaded guilty last year to one count of mail fraud … (4 comments)

 
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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