real estate fraud: Sisters Convicted of Roles in Bakersfield Mortgage Fraud Scheme - 11/25/14 11:55 AM
 Sisters Convicted at Trial for Roles in Bakersfield Mortgage Fraud Scheme
FRESNO, CA—A federal jury in Fresno stayed late into the evening on Friday, November 21, and returned guilty verdicts on all counts in the trial of
Evelyn Brigget Sanchez, 32,
and
Darling Arlette Montalvo, 33,
both of Bakersfield, United States Attorney Benjamin B. Wagner announced. The case against the two sisters focused on their involvement in an extensive mortgage fraud scheme that ran from October 2005 to May 2007.
Sanchez and Montalvo were both convicted of conspiracy to commit mail fraud, wire fraud, and bank … (0 comments)
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real estate fraud: Timeshare Fraudster Sentenced to Prison - 11/25/14 11:51 AM
Timeshare Fraudster Sentenced to Prison
CHARLESTON, WV—United States Attorney Booth Goodwin announced today that
David Andrew Glynn,
47 of Charleston, West Virginia, was sentenced in federal court in Charleston to two and a half years in prison for conspiring to defraud timeshare owners throughout the United States and Canada. Glynn previously plead guilty on August 25, 2014, and admitted that he set up a bogus company named Mountain State Resales, LLC (MSR) that was purportedly in the business of brokering timeshare sales. Glynn, and others, contacted timeshare owners and advised them that MSR had buyers for their … (0 comments)
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real estate fraud: California Real Estate Investors Guilty of Bid Rigging and Fraud - 11/25/14 06:34 AM
Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 49 Plea Agreements to Date WASHINGTON—Two Northern California real estate investors have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
Felony charges were filed today in the U.S. District Court for the Northern District of California in Oakland against
Su Chu Chou “Terry” Cheng
and
Chung Li “George” Cheng
of Walnut … (2 comments)
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real estate fraud: Eleven California Real Estate Investors Indicted for Bid Rigging - 11/21/14 07:24 PM
Eleven Northern California Real Estate Investors Indicted for Bid Rigging and Fraud at Public Foreclosure Auctions
Investigations Have Yielded 47 Plea Agreements and Four Indictments to Date WASHINGTON—A federal grand jury in San Francisco returned three multi-count indictments against eleven real estate investors for their role in bid rigging and fraud schemes at foreclosure auctions in Northern California, the Department of Justice announced.
The indictments, filed late yesterday in U.S. District Court for the Northern District of California in Oakland, California, charge Northern California real estate investors
Michael Marr;
Javier Sanchez;
Gregory Casorso;
Victor … (2 comments)
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real estate fraud: Mortgage Fraud Blog for Wednesday November 19, 2014 - 11/18/14 10:52 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)
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real estate fraud: Man Pleads Guilty to Defrauding Cleveland Credit Union of $2.3 Million - 11/18/14 02:44 PM
Concord Township Man Pleads Guilty to Defrauding Cleveland Credit Union of $2.3 Million
A Concord Township man pleaded guilty today to defrauding Taupa Lithuanian Credit Union out of $2.3 million, law enforcement officials said.
John Struna,
52, is scheduled to be sentenced Feb. 25. He pleaded guilty to seven counts—one count of conspiracy to commit bank fraud, one count of bank fraud, one count of making false statements and four counts of money laundering.
Struna will forfeit a restaurant he owns—the Sunny Street Café in Concord Township—a condominium in Florida and a 2014 Mazda because they were purchased with … (6 comments)
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real estate fraud: Real Estate Fraud Report for Tuesday November 18, 2014 - 11/18/14 02:33 PM
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real estate fraud: Real Estate Fraud Report for Saturday November 15, 2014 - 11/14/14 10:27 PM
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real estate fraud: Another Shyster Gets Five Years In Jail for Fraud and Jury Obstruction - 11/14/14 09:58 PM
Attorney Sentenced to Five Years in Prison for Defrauding Investors of More Than $17 Million and for Obstructing Grand Jury Proceedings
BALTIMORE, MD—U.S. District Judge J. Frederick Motz sentenced
Gregory E. Grantham,
age 57, of Oceanside, California, today to five years in prison, followed by three years of supervised release, for a wire fraud conspiracy, wire fraud and obstruction of justice. Judge Motz also ordered Grantham to forfeit/ pay restitution of $17.4 million.
The sentence was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal … (0 comments)
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real estate fraud: New York Woman Pleads Guilty in Business Loan Fraud Scheme - 11/14/14 09:37 AM
New York Woman Admits Role in Business Loan Fraud Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that
MARIAME ROBINSON-COWAN,
66, of Yonkers, N.Y., waived her right to indictment and pleaded guilty yesterday in New Haven federal court to one count of wire fraud related to her participation in an advance fee fraud scheme.
According to court documents and statements made in court, between approximately March 2010 and October 2014, a co-conspirator of ROBINSON-COWAN’s operated Jalin Realty Capital Advisors, LLC, (Jalin) and American Capital Holdings, LLC, (ACH). Using these businesses, the co-conspirator defrauded … (0 comments)
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real estate fraud: Bank Officer Sentenced for Embezzling Funds - 11/14/14 09:23 AM
Smith County Bank Officer Sentenced for Embezzling Funds
TYLER, TX—A 59-year-old Lindale, Texas woman has been sentenced to federal prison for embezzling bank funds in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.
Mary Jane Haxton
pleaded guilty on July 18, 2014, to misapplication of funds by a bank employee and was sentenced to 30 months in federal prison by U.S. District Judge Leonard Davis on Nov. 12, 2014. Haxton was also ordered to pay restitution in the amount of $446,344.66.
According to information presented in court, Haxton worked as a cashier at Lindale State … (0 comments)
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real estate fraud: Swindler Sentenced in Mil-Dollar Real Estate Investment Fraud Scheme - 11/14/14 12:57 AM
Lebanon County Man Sentenced in Million- Dollar Investment Fraud Scheme
The United States Attorney’s Office for the Middle District of Pennsylvania announced that
Christopher Burhans,
age 65, was sentenced by Chief U.S. District Court Judge Christopher C. Conner today to 37 months’ imprisonment, two years’ supervised release and $1,658,205 in restitution. Burhans is scheduled to surrender to the U.S. Bureau of Prisons by January 8, 2015.
In sentencing Burhans, Chief Judge Conner said “these were not business mistakes. This was fraud; outright, clear, unmitigated fraud.”
According to United States Attorney Peter Smith, Burhans pled guilty in December 2013 to … (4 comments)
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real estate fraud: Mortgage Fraud Blog for November 12, 2014 - 11/12/14 02:14 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 … (6 comments)
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real estate fraud: Real Estate Fraud Report for November 12, 2014 - 11/12/14 02:11 PM
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real estate fraud: Real Estate Developer Sentenced to 121 Months in Prison - 11/12/14 02:08 PM
Real Estate Developer Sentenced to 121 Months in Prison in $50 Million Securities Fraud Scheme
WASHINGTON—A commercial real estate developer and mortgage broker was sentenced to serve 121 months in prison today for his role in a $50 million securities fraud scheme.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Laura E. Duffy of the Southern District of California and Special Agent in Charge Douglas G. Price of the FBI’s Phoenix Division made the announcement. U.S. District Judge Cathy Ann Bencivengo of the Southern District of California imposed the sentence.
Bradley Holcom,
57, … (4 comments)
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real estate fraud: Real Estate Fraud Report for November 11, 2014 - 11/11/14 10:43 AM
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real estate fraud: Real Estate Fraud Report for November 10, 2014 - 11/10/14 07:42 AM
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real estate fraud: How Many Dirty Real Estate Agents Are There In This Business ? - 11/07/14 07:31 PM
See If You Can Count Them All !
I'll Treat the Winner to Pancakes and Grits the Next Time You're In Memphis If You Have the
Correct Answer !
… (18 comments)
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real estate fraud: New Jersey Builder Indicted on Bank Fraud, Bribery - $1 Mil Mort Fraud - 11/07/14 03:24 PM
New Jersey Builder Indicted on Bank Fraud and Bribery Charges as Part of $1 Million Mortgage Fraud Scheme
NEWARK, NJ—A federal grand jury indicted a Neshanic Station, New Jersey, man today for his role in a $1 million mortgage fraud scheme, including an alleged bribe of a bank agent to approve a loan on a property that exploded hours before the closing, U.S. Attorney Paul J. Fishman announced.
Antonio Pimenta,
46, is charged with one count of bank fraud conspiracy, three counts of bank fraud, and one count of bribing a financial institution’s agent. He was previously charged by … (2 comments)
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real estate fraud: Members of Mortgage Fraud Ring Sentenced - 11/07/14 03:11 PM
Members of Mortgage Fraud Ring Sentenced
ATLANTA—
Patrice Hairston,
Bonnie Rose,
Sarah Hyldahl, and
Ronnika Allen
have been sentenced for their roles in a scheme to defraud mortgage lenders of over $2 million in mortgage loans.
“Mortgage fraud has dragged down our economy, blighted our communities, and put in jeopardy the financial security of many Americans. We will diligently pursue those who misuse the dream of home ownership to line their own pockets by fraud and deceit,” said United States Attorney Sally Quillian Yates.
“The U.S. Postal Inspection Service is committed to protecting the American Public … (0 comments)
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