real estate fraud: CALIFORNIA REAL ESTATE INVESTOR PLEADS GUILTY TO FRAUD
- 10/12/11 04:40 AM
California Real Estate Investor Admits Fraud Maher Talal Muhawieh, 31, San Francisco, California, pleaded guilty in federal court in San Francisco to wire fraud. In pleading guilty, Muhawieh admitted that he defrauded investors between approximately January 2006 and March 2009 by promising various individuals that their funds would be used to purchase and to renovate specific residential properties in San Francisco, California that would then be sold at a profit. Muhawieh claimed he would make regular and high rates of return for the lenders with limited risk. In fact, and contrary to Muhawieh's promises, he used investors' funds to pay interest on loans … (0 comments)
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real estate fraud: ATTORNEYS, REAL ESTATE AGENT, LOAN OFFICERS INDICTED IN $25 MILLION MORTGAGE FRAUD SCHEME
- 10/12/11 04:37 AM
Six Indicted in $25 Million Mortgage Fraud Scheme Attorneys Matthew Burstein, 40, and Aaron Rabinowitz, 40, real estate agent Elias Compres, 52, loan officers Arturo Giraldo, 51, and John Constantinides, 39, together with Rolando E. Roldan, 35, are charged with conspiracy to commit bank and wire fraud for their roles in an alleged mortgage fraud scheme in which they fraudulently obtained over $25 million in loans.; Burstein, Compres, Rabinowitz, and Roldan are also charged with wire fraud. The indictment alleges the defendants conspired to defraud financial institutions, including Countrywide Financial, Fremont Investment and Loan, IndyMac Bank, National City Corporation, Sun Trust Mortgage, … (0 comments)
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real estate fraud: INDIANA WOMAN FAILS TO SHOW UP FOR HER FRAUD SENTENCE
- 10/12/11 04:30 AM
Woman Fails to Show up for her Fraud Sentence Latoya Travis, 39, Hammond, Indiana, was charged in an Indictment with failure to surrender for service of her sentence as ordered by the court. Travis was to report to the Bureau of Prisons on February 22, 2011 to begin her sentence of 42 months after being found guilty of aggravated identity theft and making false statements on a loan application.
These charges were filed as the result of an investigation by the United States Marshal's Service. This case has been assigned to and will be prosecuted by Assistant United States Attorney Gary … (0 comments)
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real estate fraud: BROKER AND LOAN OFFICER ADMIT TO FORECLOSURE RESCUE SCAM - MORE THAN TWENTY VICTIMS
- 10/12/11 03:54 AM
Broker and Loan Officer Admit Foreclosure Rescue Scam Mary Anne Dean, 60, Severna Park, Maryland, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme which resulted in over $4.7 million in fraudulent mortgage loans, of which the lenders ultimately lost at least $944,223.91, and which caused the homeowners to lose over $1.2 million in equity in their homes. Co-conpsirator Charles Donaldson, 57, Bowie, Maryland, pleaded guilty to the same charge on September 30, 2011.
According to their plea agreements, Dean was a loan originator and operated Sunset Mortgage Company, a Maryland-licensed mortgage brokerage franchise, from her home. Donaldson, … (0 comments)
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real estate fraud: FORECLOSURE RESCUE COMPANY FORCED TO OVERHAUL IT'S PRACTICES
- 10/12/11 03:46 AM
Foreclosure Rescue Company Forced to Overhaul its Practices Steven J. Baum, P.C., one of the largest volume mortgage foreclosure firms in New York State, entered into a settlement agreement that requires the firm to pay $2 million to the United States and to extensively change its practices with respect to mortgage foreclosure actions. The Agreement resolves an investigation into Baum's mortgage foreclosure-related practices, specifically whether the firm, on behalf of its lender clients, filed misleading pleadings, affidavits, and mortgage assignments in state and federal courts in New York.
The Agreement specifically prohibits Baum from engaging in certain practices related to the Mortgage … (0 comments)
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real estate fraud: JURY FINDS MORTGAGE FRAUDSTER GUILTY
- 10/12/11 03:39 AM
Jury Finds Mortgage Fraudster Guilty William Doug Mitchell, 50, Fort Worth, Texas, was convicted by a jury after one hour of deliberation for his role in a complex mortgage fraud scheme that targeted homes across North Texas. According to the Indictment, beginning in 2004, forty individuals – among them, real estate agents, property finders, mortgage brokers and loan officers, title company attorneys, escrow officers, property appraisers, and straw buyers – conspired to defraud lending institutions by convincing them to approve mortgage loans for residential properties for which the property values had been fraudulently inflated.
The Indictment identified 114 residential properties located in … (0 comments)
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real estate fraud: MAN SENT TO PRISON FOR OPERATING MORTGAGE FRAUD SCHEME
- 10/11/11 09:05 PM
Man Sentenced for Operating Mortgage Fraud Scheme Abdelghany Antar, 66, East Haven, Connecticut, was sentenced by United States District Judge Christopher F. Droney in Hartford to 37 months of imprisonment, followed by two years of supervised release, for devising and leading a mortgage fraud scheme in New Haven County, Connecticut. According to court documents and statements made in court, Antar owned and operated ATZ Realty, located at 612 Main Street, East Haven. From June 2006 to October 2007, Antar conspired with a former employee, Andrea J. Palmucci, to purchase 11 properties in New Haven County in Palmucci's name. As part of the … (2 comments)
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real estate fraud: LAST DEFENDANT SENT TO PRISON FOR REAL ESTATE INVESTMENT SCAM
- 10/11/11 09:02 PM
Last Defendant Sentenced for Real Estate Investment Scam Deidra Bryant Peterson, 51, Brooksville, Florida, was sentenced by U.S. District Judge James D. Whittemore to 36 months in federal prison for conspiracy to commit mail and wire fraud. The court also ordered Peterson to forfeit: the real property located at 38764 Vulcan Circle, Zephyrhills, Florida, and the manufactured home maintained on the property; a 2005 Ford F150 SuperCrew-V8 SuperCrew XLT 4WD; a 2007 Ford 250 Super Duty-V8 Crew Cab XL 4WD, and a 2006 Keystone Springdale 281RKL travel trailer, which are traceable to proceeds of the offense. As part of her sentence, the … (1 comments)
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real estate fraud: LOAN MODIFICATION COMPANY SUED FOR VIOLATIONS
- 10/11/11 08:57 PM
Loan Modification Company Sued for Violations NOD Consultants, LLC, California, is the subject of lawsuit accusing it of illegally collecting about $90,000 in loan modification fees from nearly three dozen Oregon homeowners and then refusing to provide refunds after the company failed to obtain promised loan modifications. The lawsuit was filed September 29, 2011 in Clackamas County Circuit Court, Oregon, against NOD Consultants and the company's two principals, Nicolas R. Godbout and Grant A. Gerhart.
In response to the U.S. foreclosure crisis, the federal government, non-profit organizations, mortgage lenders and private companies began offering loan modification services to financially distressed homeowners facing foreclosure.
The … (0 comments)
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real estate fraud: FIFTH GUILTY PLEA IN CONNECTION WITH SCHEME TO FRAUDULENTLY CONTROL CONDOMINIUM HOMEOWNER'S ASSOCIATIONS
- 10/11/11 08:52 PM
Fifth Guilty Plea in Connection with Scheme to Fraudulently Control Condominium Homeowners’ Associations WASHINGTON—A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs would direct business to a certain law firm and construction company, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office, Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department, and Special Agent in Charge Paul Camacho of the Internal Revenue … (0 comments)
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real estate fraud: FEDERAL AGENTS HONORED BY U.S. ATTORNEY FOR THEIR EFFORTS AGAINST MORTGAGE FRAUD
- 10/11/11 08:45 PM
Federal Agents Honored by U.S. Attorney for their Efforts Against Mortgage Fraud MINNEAPOLIS—To date in 2011, more than a dozen people have been charged federally with mortgage fraud and related crimes in the District of Minnesota. These complex cases are the result of lengthy investigations by federal agents, in particular, Special Agent Andy Gibart of the Internal Revenue Service’s Criminal Investigation Division (“IRS-CID”), Special Agent Jennifer Khan of the Federal Bureau of Investigation, and Inspector Christine Kroells of the United States Postal Inspection Service (“USPIS”). In appreciation for their tireless efforts to bring these cases to fruition, U.S. Attorney B. … (0 comments)
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real estate fraud: CLOSING ATTORNEY WHO MISHANDLED MORTGAGE FUNDS SENTENCED TO 21 MONTHS IN PRISON
- 10/07/11 11:39 AM
Attorney Who Mishandled Mortgage Funds Sentenced to 21 Months in Federal Prison David B. Fein, United States Attorney for the District of Connecticut, announced that BRIAN P. McMANUS, 43, of Fairfield, was sentenced today by Senior United States District Judge Ellen Bree Burns in New Haven to 21 months of imprisonment, followed by three years of supervised release, for misappropriating more than $1 million in funds during real estate transactions he handled. According to court documents and statements made in court, McMANUS, who operated a law practice in New Haven, engaged in a series of fraudulent transactions in his capacity … (2 comments)
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real estate fraud: CONNECTICUT MAN SENTENCED TO 37 MONTHS IN PRISON FOR OPERATING MORTGAGE FRAUD SCHEME IN NEW HAVEN COUNTY
- 10/07/11 11:33 AM
East Haven Man Sentenced to 37 Months in Prison for Operating Mortgage Fraud Scheme in New Haven County David B. Fein, United States Attorney for the District of Connecticut, announced that ABDELGHANY ANTAR, 66, of East Haven, was sentenced today by United States District Judge Christopher F. Droney in Hartford to 37 months of imprisonment, followed by two years of supervised release, for devising and leading a mortgage fraud scheme in New Haven County. According to court documents and statements made in court, ANTAR owned and operated ATZ Realty, located at 612 Main Street in East Haven. From June 2006 … (2 comments)
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real estate fraud: MORTGAGE BROKER AND LOAN OFFICER PLEAD GUILTY IN FRAUDULENT MORTGAGE RESCUE SCHEME - HOMEOWNERS IN DISTRESS LOSE OVER $1.2 MILLION - CONSPIRATORS OBTAINED OVER $4.7 MILLION IN FRAUDULENT LOANS
- 10/07/11 11:25 AM
Mortgage Broker and Loan Officer Plead Guilty in Fraudulent Mortgage Rescue Scheme Resulting in Losses of Over $1.2 Million to Homeowners in Financial Distress Conspirators Also Obtained Over $4.7 Million in Fraudulent Mortgage Loans BALTIMORE—Mary Anne Dean, age 60, of Severna Park, Maryland, pleaded guilty today to conspiracy to commit wire fraud in connection with a mortgage fraud scheme which resulted in over $4.7 million in fraudulent mortgage loans, of which the lenders ultimately lost at least $944,223.91, and which caused the homeowners to lose over $1.2 million in equity in their homes. Co-conpsirator Charles Donaldson, age 57, of Bowie, … (0 comments)
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real estate fraud: FORMER NFL PLAYER PLEADS GUILTY TO $2.2 MILLION REAL ESTATE FRAUD & TAX EVASION
- 10/07/11 10:20 AM
Former Mississippi Resident Pleads Guilty to $2.2 Million Fraud Scheme and Tax Evasion JACKSON, MS—Jeffrey Lynn Walker, 47, of Franklin, TN, pled guilty in U.S. District Court today to wire fraud and tax evasion, U.S. Attorney John Dowdy, FBI Special Agent in Charge Daniel McMullen, and Special Agent in Charge James C. Lee, of IRS Criminal Investigation New Orleans Field Office announced. Walker, a former NFL football player who previously resided in Madison County, Mississippi, was indicted on October 20, 2010 by a federal grand jury for his involvement in a scheme to defraud and obtain approximately $2.2 million from … (0 comments)
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real estate fraud: FORMER LOAN OFFICER PLEADS GUILTY IN $2.8 MILLION MORTGAGE FRAUD SCHEME
- 10/06/11 02:05 PM
Former Loan Officer Pleads Guilty in $2.8 Million Mortgage Fraud Scheme MINNEAPOLIS—Earlier today in federal court, a former loan officer from Minneapolis pleaded guilty in connection to a $2.8 million mortgage fraud scheme that involved five properties. Hannah Noel Perlich, age 29, pleaded guilty to one count of wire fraud. Perlich, who was indicted on June 21, 2011, entered her plea before United States District Court Judge Richard H. Kyle. Perlich worked as a loan officer for two mortgage brokerage companies–St. Joseph’s Financial and Legacy Lending. In her plea agreement, Perlich admitted that from November of 2005 through September of … (2 comments)
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real estate fraud: SAN FRANCISCO REAL ESTATE DEVELOPER PLEADS GUILTY TO INVESTMENT FRAUD SCHEME
- 10/06/11 02:01 PM
San Francisco Real Estate Developer Pleads Guilty to Investment Fraud Scheme
SAN FRANCISCO—Maher Talal Muhawieh pleaded guilty in federal court in San Francisco yesterday to wire fraud, United States Attorney Melinda Haag announced. In pleading guilty, Muhawieh admitted that he defrauded investors between approximately January 2006 and March 2009 by promising various individuals that their funds would be used to purchase and to renovate specific residential properties in San Francisco that would then be sold at a profit.
Muhawieh claimed he would make regular and high rates of return for the lenders with limited risk. In fact, and contrary … (2 comments)
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real estate fraud: ASSISTANT COMMISSIONER OF NYC DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT INDICTED FOR RACKETEERING, BRIBERY, AND EXTORTION - SIX OTHERS INCLUDING MANHATTAN ATTORNEYS AND NYC-WIDE REAL ESTATE DEVELOPERS ALSO CHARGED
- 10/06/11 09:59 AM
Assistant Commissioner of NYC Department of Housing Preservation and Development Indicted for Racketeering, Bribery, and Extortion Six Others, Including Manhattan Attorneys and NYC-Wide Real Estate Developers, Also Charged Federal and New York City law enforcement agents and officers today arrested an Assistant Commissioner for the New York City Department of Housing Preservation and Development (HPD) and six others on charges of racketeering conspiracy, bribery, extortion, wire fraud, and money laundering in connection with corruption schemes that netted the defendants between one and two million dollars in kickbacks and bribes over a decade and cost HPD hundreds of thousands of dollars … (0 comments)
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real estate fraud: FLORIDA MORTGAGE FRAUDSTER SENTENCED TO 9 YEARS IN THE SLAMMER
- 10/05/11 02:42 PM
Florida Mortgage Fraudster Sentenced to 9 Years Manetirony Clervrain, also known as "Kevin Rusell," Broward County, Florida, was sentenced by U.S. District Judge James I. Cohn to 108 months in prison, to be followed by three years of supervised release. On July 22, 2011, Clervrain pled guilty to one count of conspiracy to commit mail and wire fraud, in violation of Title 18, United States Code, Section 1349, and one count of conspiracy to commit wire and bank fraud, in violation of Title 18, United States Code, Section 1349, in connection with two separate fraudulent schemes.
The first fraudulent scheme involved a scheme … (0 comments)
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real estate fraud: MAN INDICTED FOR OBTAINING LOAN USING ANOTHER'S NAME
- 10/05/11 02:12 PM
Man Indicted for Obtaining Loan Using Another's Name Henry J. Papale, 60, Southington, Connecticut, has been charged with two counts of wire fraud stemming from an alleged mortgage fraud scheme involving the use of another's name and credit information. The indictment was returned September 29, 2011.
The indictment alleges that, in early 2007, Papale used the name and credit information of an acquaintance to purchase properties in Florida. Papale claimed that he did not earn enough income and did not have a credit score sufficiently high to enable him to qualify for loans for the properties he wished to purchase. In February 2007, … (0 comments)
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California Real Estate Investor Admits Fraud Maher Talal Muhawieh, 31, San Francisco, California, pleaded guilty in federal court in San Francisco to wire fraud. In pleading guilty, Muhawieh admitted that he defrauded investors between approximately January 2006 and March 2009 by promising various individuals that their funds would be used to purchase and to renovate specific residential properties in San Francisco, California that would then be sold at a profit. Muhawieh claimed he would make regular and high rates of return for the lenders with limited risk. In fact, and contrary to Muhawieh's promises, he used investors' funds to pay interest on loans … (0 comments)
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